Bloomberg Australian Prime Minister Anthony Albanese stood by tax cuts estimated to cost the budget billions in revenue and promised his government would undertake “reform and renewal” in the wake of the Covid-19 pandemic. Taking questions after a speech in Canberra on Monday to mark 100 days since he took the top job, Albanese defended his decision to keep ...

  Bloomberg The European Central Bank (ECB) is prepared to at least repeat the half-point increase in interest rates it delivered last month, with an even bigger move not to be excluded as inflation nears yet another record. That’s the message from ECB officials who joined the Federal Reserve’s annual Jackson Hole symposium, which wrapped up Saturday. Fed Chair Jerome ...

  Bloomberg Agricultural Bank of China Ltd, the nation’s third-largest bank by assets, said it’s facing 1.23 billion yuan ($178 million) in overdue loans, nearly double a previous estimate, from a mortgage boycott on unfinished projects that has swept the country. After reporting a small gain in earnings on Monday, the Beijing-based lender revealed that the overdue loans are linked ...