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Beijing-Prague ties nosedive over Taiwan

Bloomberg China’s relationship with a country that was supposed to be a key proponent of its interests in Europe is growing increasingly caustic. The Czech Republic, an ex-communist member of the European Union, once hoped to become a gateway for investment to the continent. But spats over Chinese territorial claims, Huawei Technologies Co and espionage have strained ties to the ...

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Risky cracks seen near Philippine volcano Taal

Bloomberg A tangle of cracks has opened up around an erupting volcano in the Philippines that’s triggered hundreds of earthquakes and urgent pleas for residents to evacuate areas at risk of dangerous fissures and ashfall. Police locked down three towns near Taal Volcano, 65 kilometres (40 miles) south of Manila, to prevent residents from returning home. More than 82,000 people ...

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UK inflation slowdown ramps up view a rate cut is imminent

Bloomberg The path to a Bank of England (BOE) interest-rate cut as soon as this month became clearer on Wednesday after inflation unexpectedly slowed to a three-year low. The pound fell and traders increased bets that policy makers would reduce rates on January 30, as the shock reading reinforced speculation fuelled by dovish comments from BOE Governor Mark Carney and ...

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