Bloomberg Puerto Rico’s Government Development Bank, operating under a state of emergency to preserve cash, is about halfway toward reaching a forbearance agreement with creditors, according to an official. The GDB, which lent to the commonwealth and its municipalities, owes $422 mn on May 1 that officials have said the bank cannot pay. Jesus Manuel Ortiz, spokesman for Governor …

  Bloomberg Ministers from the Group-of-Seven nations agreed to promote agricultural innovation and investment as farmers face the twin challenges of an aging workforce and extreme weather at a time when global food demand is increasing. “Motivated, skilled and enterprising farmers are essential for the growth of the agricultural sector,” the ministers said in a joint statement after two days …

  Vienna / AFP Austria’s anti-immigration far-right triumphed on Sunday in the first round of presidential elections, dealing a wake-up call to Vienna’s cosy political establishment two years before the next scheduled general election. Norbert Hofer of the Freedom Party (FPOe) won 36.7% of the vote, projections showed, with candidates from the two governing parties failing to even make it …