Bloomberg British companies signaled output dropped at the fastest pace since the start of the pandemic as the government budget deficit widened to a record, adding to evidence that the economy probably has lurched into a recession. S&P Global said its index of sentiment from purchasing managers fell more sharply than expected in January, led by a deterioration in ...

Bloomberg Chancellor Olaf Scholz’s cautious approach to sending Leopard battle tanks – or allowing other countries to export their own stocks of the German-made military vehicles – to Ukraine is confusing allies and creating splits within his own government. Three Baltic states over the weekend called on Germany as Europe’s leading power to quickly change course. An adviser to Ukrainian ...

Bloomberg Turkish President Recep Tayyip Erdogan ruled out supporting Sweden’s bid to join the North Atlantic Treaty Organization (Nato) after an activist burned Islam’s holy book in Stockholm at the weekend. Turkish parliamentary approval is required for the membership, so Erdogan’s comments suggest Sweden and neighboring Finland’s efforts to join Nato are now a more distant prospect. “If you cannot ...