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Malaysia PM Yaakob says won’t delay dissolving parliament once ready

Bloomberg Malaysian PM Ismail Sabri Yaakob said he would not delay the dissolution of parliament, amid continued pressure from his party to hold a general election as soon as possible. “To face the 15th general election, Barisan Nasional must be prepared,” Ismail said, referring to the ruling coalition. “I say that once we are prepared, I won’t delay for even ...

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Germany’s inflation hits fresh record, piling pressure on ECB

Bloomberg German inflation hit another all-time high, adding urgency to the European Central Bank’s exit from crisis-era stimulus after numbers from Spain also topped economists’ estimates. Driven by soaring energy and food costs, data showed consumer prices in the continent’s biggest economy jumped as much as 8.7% from a year ago in May. Analysts surveyed by Bloomberg predicted an 8.1% ...

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US goods-trade gap shrinks most since 2009 as imports fall

  Bloomberg The US merchandise-trade deficit shrank in April by the most since 2009 as imports fell amid lockdowns in China while exports increased to a record. The shortfall narrowed by 15.9% to $105.9 billion last month, following a record level in March, Commerce Department data showed. The figures, which aren’t adjusted for inflation, compared with a median estimate for ...

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