Bloomberg German Chancellor Olaf Scholz faces more turbulence in his coalition after a bitter Berlin state election in which all three ruling parties lost support and one crashed out of the city’s parliament. The conservative Christian Democrats — the main opposition party at the national level — emerged as the clear winner after the vote in the German capital. They …

Bloomberg Philippine President Ferdinand Marcos Jr said he’s open to a potential reciprocal military access agreement with Japan if it would protect the country’s fishermen and its maritime territory. “I don’t see why we should not adopt it,” Marcos said, according to a transcript of his interview with reporters. The Philippines is studying if the potential pact will indeed help …

  Bloomberg DBS Group Holdings Ltd’s fourth-quarter profit topped estimates, helped by lending gains as a strong capital base allowed the bank to deliver a special dividend. Net income increased 69% to S$2.34 billion ($1.76 billion) in the three months ended on December 31, Southeast Asia’s biggest lender said in a statement. That beat an average estimate of S$2.17 billion …