Bloomberg Australian PM Anthony Albanese’s Labor Party clinched a parliamentary majority after day of ballots getting counted in tightly contested seats, giving his government the heft to push through bills on issues ranging from climate change to anti-corruption measures. Labor is projected to secure the seat of Macnamara in the heart of Melbourne, Australia’s ABC said, giving the party ...

  Bloomberg Boris Johnson faces a drip-drip of Conservative MPs calling on him to resign, as former Attorney General Jeremy Wright said the so-called partygate scandal had done “lasting damage” to the government. The prime minister had been hoping that with Parliament on holiday to mark Queen Elizabeth II’s 70 years on the throne, Tory rebels would be keeping relatively ...

  Bloomberg China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record selloff of Chinese holdings by foreign investors. Qualified foreign institutional investors, which can include central banks, sovereign funds, commercial banks and pension funds, will be allowed to ...

Bloomberg The European Central Bank’s debate over how aggressively to tighten monetary policy is likely to intensify this week in the prelude to a pre-decision blackout period as data probably show a new record for inflation. All but one economist surveyed by Bloomberg foresee an acceleration in annual price increases, with the median estimate at 7.8%. Out of the four ...

  Bloomberg Citigroup Inc is advising investors to limit exposure to the yuan and remains cautious on emerging markets more broadly, saying China hasn’t done enough to ease the risk that its economic slowdown will threaten growth worldwide. China’s deepening slump, fears of a US recession and the Federal Reserve’s moves to shrink its balance sheet mean that any correction ...

  Bloomberg European equities rose to the highest level in more than three weeks, trimming their monthly drop, after China relaxed some of the strictest virus controls of the pandemic, fuelling risk-on sentiment for economic recovery. The Stoxx 600 advanced 0.7% at 9:44 am in London, rising for a fourth day in the longest winning streak since March. Consumer and ...

  Bloomberg Investors should be ready for China’s stocks to outperform as potential positive catalysts loom, according to Europe’s largest asset manager Amundi. The firm is turning more bullish on the country’s equities market after trimming exposure during first quarter’s harsh selloff, according to Vincent Mortier, Amundi’s chief investment officer. Key developments to watch include the potential rollout of a ...

  Sharjah / WAM The 31st edition of the Abu Dhabi International Book Fair (ADIBF) continued to offer thought-provoking discussion and valuable insights for attendees, with one of its latest sessions themed ‘Islam and the West: Past, Present and Future’. Ed Husain, a prominent British writer and a professor at Georgetown University in Washington DC, affirmed that Emirati diplomacy was ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has officially opened the Dubai-Al Ain Road Improvement Project built at a cost of AED2 billion. Undertaken as part of Dubai’s master transport plan, the project affirms Dubai’s efforts to accelerate its economic development with major projects. ...

  Dubai / WAM Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and member of the Dubai Council, revealed that Dubai consolidated its status as a global cultural hub and investment destination, ranking first in Middle East and North Africa (Mena) region and second in the world in attracting ...