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Truss ‘political reinvention’ turns her Tory darling

Bloomberg Liz Truss has undergone a political reinvention to become the favorite to succeed Boris Johnson as leader of the Conservative party and UK Prime Minister. The Foreign Secretary campaigned for Britain to remain in the European Union before embracing Brexit with the zeal of a convert after the vote went the other way. And she’s gone from yelling slogans ...

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Sanctioned Russians will have to declare their assets in EU

  Bloomberg Sanctioned Russians will have to disclose their assets in European Union countries under the bloc’s latest package of measures, and failure to comply could lead to undeclared assets being seized. The measure is part of a suite of actions adopted by the EU on Thursday that also includes a ban on Russian gold imports, new trade restrictions on ...

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Indonesia bucks tightening trend as interest rate held at record low

  Bloomberg Indonesia’s central bank kept its borrowing costs unchanged to support economic growth, while signalling it wasn’t in a hurry to join the global interest-rate tightening cycle given muted domestic price gains. Bank Indonesia left the seven-day reverse repurchase rate at a record low 3.5% on Thursday, as predicted by 22 of 36 economists in a Bloomberg survey. The ...

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