Bloomberg European Union countries agreed to start hammering out the details of a proposed training mission for Ukraine’s armed forces, with countries including Belgium and Slovakia offering to host the initiative. The bloc’s defense ministers agreed “on launching the work necessary to define the parameters for an EU military assistance mission for Ukraine,” Josep Borrell, the EU’s foreign policy chief, ...

  Bloomberg Pakistan’s unprecedented flooding has forced nearly half a million people to leave their homes and move into relief camps as international aid starts to trickle in to help the South Asian nation already battling an economic crisis. At least 498,000 people are currently in temporary shelters after swirling waters either engulfed or damaged over a million homes, 3,500 ...

Bloomberg China took the most aggressive step yet in its latest battle to bolster the yuan, setting its reference rate for the currency with the second-strongest bias on record. The People’s Bank of China (PBOC) fixed the yuan against the dollar at 249 pips stronger than the average estimate in a survey of market participants — which Bloomberg started compiling ...