Bloomberg New York City’s requirement that 2- to 4-year-old wear masks in schools and day care centers is coming to an end next week, Mayor Eric Adams said on Thursday. Starting Monday, June 13, masks will be optional for children under age 5 in all early childhood settings, Adams said in a statement. “I have always said that the ...

  Bloomberg Italian Premier Mario Draghi said surging inflation in Europe doesn’t reflect excess demand, and there’s still spare capacity to be found in the region’s economy. The former European Central Bank president spoke out on the day that officials led by his successor, Christine Lagarde, are set to stop bond purchases and firm up plans for interest-rate increases to ...

  Bloomberg Hungarian Prime Minister Viktor Orban used his emergency powers to publish decrees on a sweeping set of windfall taxes and to order about $6.1 billion in spending cuts for this year and next. The measures, which will hit industries from banking to energy and airlines to telecommunications, underscore the extent of the budget imbalance that has spooked investors ...