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Turkey says Ukraine grain exports could start within a week

Bloomberg Turkey said grain exports from Ukrainian ports could resume within a week and reach 25 million tonnes by the end of the year, after it brokered a deal between Kyiv and Moscow that eased fears of a global food crisis. Exactly when exports halted by Russia’s invasion would begin will be determined by logistical groundwork, Turkish President Recep Tayyip ...

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North Korea warns of 2nd Korean War on armistice anniversary

Bloomberg North Korea used the anniversary of the armistice that halted fighting on the peninsula 69 years ago to warn of a “second Korean War,” blaming the US and South Korea for inflaming hostilities. “The joint military exercises between the United States and South Korea, which are being carried out with a thick gunpowder smell, are exacerbating the situation on ...

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Deutsche Bank warns of costs as inflation headwinds build

  Bloomberg Deutsche Bank AG scrapped an efficiency target for the year and warned a key profitability goal was getting harder to reach, as the economy weakens and the war in Ukraine, surging inflation and litigation drive up expenses. The muted outlook, published on Wednesday along with second-quarter results, overshadowed a strong performance at the corporate bank, which benefited from ...

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