Bloomberg Australian Prime Minister Anthony Albanese has ordered a review into claims his predecessor secretly took charge of multiple ministries during the pandemic, describing it as a “shadow government.” Former leader Scott Morrison allegedly swore himself in as health minister, finance minister and resources minister between 2020 and 2021, sometimes without the knowledge of the incumbent, according to a ...

  Bloomberg Inflation and higher interest rates will push up the UK’s debt serving costs and social welfare spending by more than £50 billion ($60.7 billion) in next fiscal year, according to Financial Times (FT) calculations. The bill for servicing government debt will almost double, to £95 billion ($115.35 billion) from £50 billion ($60.71 billion), given that about £500 billion ...

  Bloomberg The US is imposing export controls on technologies that support the production of advanced semiconductors and turbines, protecting against their “nefarious” military and commercial use. The innovations “are essential to the national security” of the US and meet the criteria for the protection, the Department of Commerce’s Bureau of Industry and Security said in a statement. The agency ...