Bloomberg Plans to revive negotiations between two longtime Balkan foes hurtled off the rails before the next round of talks could even start. Faint hopes for a breakthrough between Serbia and Kosovo — and the chances of a diplomatic win for the US — evaporated when the Kosovo’s leader was accused of war crimes and crimes against humanity as he ...

Bloomberg The International Monetary Fund (IMF) downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago. The fund said it now expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April. For 2021, the fund sees growth of 5.4%, down ...

Bloomberg Wirecard AG filed for insolvency proceedings after a massive accounting scandal brought the payments company to its knees. Wirecard management cited over-indebtedness as the reason behind decision to seek court protection in Munich. The company also said it’s considering whether the insolvency proceedings should also be applied to its subsidiaries. The company’s rapid fall from grace comes after it ...