Bloomberg Bulgaria expelled 10 Russian diplomats in an unprecedented move that underscored strained relations with one of the Kremlin’s closest allies within the European Union. The diplomats were declared personae non gratae for carrying out activities that contradicted to the Vienna Convention governing diplomatic relations, the Foreign Ministry in Sofia said in a statement, without providing further details. They ...

  Bloomberg HSBC Holdings Plc promised to “phase down” its financing of the fossil fuel industry, sending a warning to oil and gas clients as the bank works toward its target of net-zero emissions. The step is in line with “what is required to limit the global temperature rise to 1.5 degrees celsius,” HSBC said. Like most of its top-tier ...

Bloomberg A further depreciation of the yen won’t be good for Japan’s economy and may prompt a shift in the central bank’s messaging, according to a former Bank of Japan (BOJ) official, speaking after the currency set a fresh low of more than five years. “The yen has already moved a lot compared with last year, so a further weakening ...