Bloomberg Ample rice reserves in India, the world’s biggest exporter of the food staple, and expectations for bountiful monsoon rains should allay concerns about the possibility of any “drastic” measures to curb exports, according to National Commodities Management Services Ltd. Global markets are fretting that rice may be next on the agenda after India restricted wheat and sugar exports. ...

  Bloomberg President Gotabaya Rajapaksa vowed to finish the remaining two years in his term despite monthslong street protests calling for his ouster, but won’t stand for re-election as he focuses on fixing a financial mess that tipped Sri Lanka into its worst-ever economic crisis. “I can’t go as a failed president,” Rajapaksa said in a wide-ranging interview at his ...

Bloomberg Boris Johnson will face a leadership vote in his ruling Conservative Party, after a series of missteps and scandals became too much for scores of Tory Members of Parliament. Senior Conservative MP Graham Brady said the threshold of at least 54 MPs — 15% of the Conservative total — has been met to trigger a confidence vote in Johnson, ...

Bloomberg Turkey and Russia have reached a tentative deal to restart shipments of Ukraine’s agricultural products from a key Black Sea port, but Kyiv remains skeptical of the proposed pact, according to people familiar with the discussions. Turkish President Recep Tayyip Erdogan’s government has offered military help to clear mines off the coast of Odesa and escort grain ships but ...

Bloomberg Estonian Prime Minister Kaja Kallas, known for her fierce criticism of Vladimir Putin and his war in Ukraine, is fighting to stay in power after she dismantled her ruling coalition, saying it lacked unity to face the dangers of Russia. Kallas’s best chance lies with clinching a deal with the smallest opposition party in parliament — the conservative Pro ...

  Bloomberg The televised hearings that begin into the deadly attack on the US Capitol will need to produce show-stopping moments to grab a divided, distracted America that has largely moved on. It’s a tall order. At their best, congressional hearings capture the public’s imagination, reveal scoundrels, lead to landmark reforms, and even make stars of questioners and witnesses. But ...

Bloomberg Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market amid regulatory headwinds. Anext Bank will provide digital financial services to micro, small and medium-sized enterprises, particularly those with cross-border operations, it said in a statement on Monday. The fintech giant is entering an arena ...

  Bloomberg Deutsche Bank AG and its asset management unit had their Frankfurt offices raided by police, adding to the legal headaches facing Germany’s largest lender. Law enforcement officials entered the twin towers where Germany’s largest lender is headquartered, as well as the nearby premises of DWS Group, according to a statement from the prosecutor that confirmed an earlier Bloomberg ...

  Bloomberg Chinese stocks advanced on Monday as a loosening of Covid-19 restrictions in Bejing increased bets that economic activity will pick up. The CSI 300 Index jumped 1.9%, the most in more than two weeks, as traders returned after the long weekend. Shares related to electric vehicles led the advance after BYD Co. posted strong May sales. The smaller, ...

  Bloomberg Weakening corporate profit forecasts may provide the latest headwind to US stocks, which are likely to fall further before bottoming during the second-quarter earnings season, according to Morgan Stanley strategists. “In the absence of an obvious shock like a recession, companies are slow to guide down,” strategists led by Michael Wilson wrote in a note on Monday. “This ...