Bloomberg Germany’s federal government may need higher net borrowing on top of the 99.7 billion euros ($109 billion) already programmed for this year due to the uncertainty over the economic outlook caused by Russia’s invasion of Ukraine. The country’s finance ministry is pursuing a supplementary budget to account for the potential impact of the war, according to two senior ...

Bloomberg Norway needs to rein in budget spending to prevent a sudden slowdown of an economy that is now booming, Finance Minister Trygve Slagsvold Vedum warned. A potential overheating could lead to “even faster interest rate tightening than the Norges Bank has already signalled,” the finance ministry said in a statement on Monday ahead of the government’s conference on next ...

Bloomberg Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia and renewed regulatory risks sparked panic selling. The Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008. The Hang Sang Tech Index tumbled 11% in its worst decline since ...