Bloomberg Frank-Walter Steinmeier was re-elected to a second five-year term in the mainly ceremonial post of German president. Steinmeier, 66, won the backing of about two-thirds of the Federal Assembly, a body convened solely for the purpose comprising all lawmakers from the lower house and representatives from the German states. He was supported by Chancellor Olaf Scholz’s three-party coalition ...

  Bloomberg The Bank of England (BOE) has begun talks with the UK Debt Management Office and the Treasury over how to handle active sales of bonds held in its quantitative easing (QE) portfolio, according an official with knowledge of the matter. The discussions come as the central bank last week said it would begin running down its 875 billion ...

  Bloomberg Hong Kong’s banks will suspend operations at one in every four branches in the city after a number of employees were infected with Covid, the South China Morning Post has reported. HSBC Holdings Plc, Standard Chartered and Bank of China and another 13 major lenders will close a total of 276 branches. The closures started last week and ...