Bloomberg Spanish Prime Minister Pedro Sanchez’s Socialists are heading for a heavy electoral defeat in the country’s most populous region of Andalusia on Sunday, highlighting the scale of the challenge he faces to win re-election in a national vote due next year. Sanchez and his government have been struggling to cope with the economic fallout from Russia’s invasion of ...

Bloomberg Italy is in the depths of one of its worst droughts, with the country’s largest river, the Po, hitting its lowest level in 70 years, threatening crops and raising the specter of power outages. While much of Europe has had drier-than-average conditions this year, northern Italy’s Po valley is worst hit, according to the JRC Global Drought Observatory. Several ...

Bloomberg US factory production unexpectedly declined in May for the first time in four months, restrained by ongoing supply challenges and hints of cooler demand for some big-ticket consumer goods. The 0.1% decrease followed 0.8% increases in the prior two months, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, rises 0.2% last month. Median ...