Bloomberg Australian PM Scott Morrison said France was aware of Australia’s concerns on the capability of submarines being built by the European nation, defending his government’s decision to sign a new deal for nuclear-powered ones. Australia understands France’s disappointment but the decision was made on “sovereign, national defense interests,” Morrison said. “Ultimately, this was a decision about whether the submarines ...

Bloomberg Ports operating in the US’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes. The port of Los Angeles will expand weekend operating gate hours while neighbouring Long Beach will extend the hours during which trucks can pick up and return containers, they said in a joint statement. ...

Bloomberg Italy’s government will spend around 3.5 billion euros ($4.1 billion) to protect consumers from a surge in energy prices that’s hit countries across Europe, according to people familiar with the matter. The disbursement could be approved as soon as next week, the people said, asking not to be named discussing confidential plans. Prime Minister Mario Draghi’s administration is also ...