Bloomberg Australian Prime Minister Anthony Albanese has downplayed the possibility of a reset in relations with the Chinese government after a high-profile meeting between the two countries, saying Beijing must first lift sanctions on a wide-range of Australian exports. Deputy Prime Minister Richard Marles met with China’s Defence Minister Wei Fenghe in Singapore, where both were attending the annual ...

  Bloomberg US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. The consumer price index increased 8.6% from a year earlier in ...

  Bloomberg The European Union (EU) is nearing an agreement on key legislation to regulate the cryptocurrency sector that would set common rules across the 27 member states, people familiar with the matter said. France, which currently chairs the EU, and the European Parliament are optimistic about resolving remaining issues holding up the Markets in Crypto-Assets (MiCA) package and reaching ...