Bloomberg Australia joined allies including the US and the UK in raising concern about the use of products from China’s Xinjiang region in global supply chains. Local companies that source goods from the area need to properly check supply chain and suppliers, Foreign Minister Marise Payne was quoted as telling the Australian Financial Review in an interview. Governments are seeking ...

Bloomberg Germany’s dominant party voted for continuity by electing Armin Laschet as leader, opting for the candidate who most resembles outgoing chancellor, Angela Merkel, in policy and style. Laschet, head of the country’s most populous state, beat long-time Merkel critic Friedrich Merz in a runoff after Norbert Roettgen, chairman of foreign affairs committee in Bundestag, was eliminated in first round ...

Bloomberg Some of the world’s biggest banks are urging a US judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a “price-fixing cartel.” Defendants in the case, including JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG, said in a November filing that an injunction abruptly ...