Bloomberg Paul Whelan, a former US marine who was convicted of spying in Moscow last week in a case criticised by Secretary of State Mike Pompeo, won’t appeal his 16-year sentence, the Interfax news service reported Tuesday. Whelan declined to appeal because he has no faith in Russian courts and hopes that a deal is in the works to exchange ...

Bloomberg Spain is weighing plans to significantly increase the size of its 100 billion-euro ($113 billion) loan-guarantee fund after the program attracted huge demand from businesses struggling to weather the coronavirus pandemic, according to people familiar with the matter. Officials are considering pledging as much as 50 billion euros in additional guarantees, one person said. Others said the ultimate size ...

Bloomberg German private-sector activity pointed to further signs of a turnaround from the virus slump, with output contracting in June by the least in four months. Both manufacturers and service providers saw a gauge for activity improve, even as production remained in decline overall. That suggests both sectors “were seemingly over the worst, but far from firing on all cylinders,” ...