Bloomberg China denied reports that it plans to build a naval base in the Solomon Islands, with a Defense Ministry spokesman calling them “fake news.” Australia Prime Minister Scott Morrison said a Chinese military base in the Solomon Islands would be a “red line” for his government, after Beijing signed a security pact with the government in Honiara. The ...

Bloomberg Prime Minister Narendra Modi’s administration is weighing the political costs of replacing India’s religion-based marriage and inheritance laws with a uniform civil code ahead of national elections in 2024, according to people involved in the plan, a move that risks alienating a broad spectrum of voters. The ruling Bharatiya Janata Party has begun the process to implement uniform civil ...

Bloomberg North Korean leader Kim Jong-un appears to have lowered his threshold for a nuclear strike, raising the risks for a miscalculation as he rolls out new weapons whose uses range from nearby tactical strikes to threatening the US homeland from afar. Kim signalled a looser policy towards his possible use of atomic weapons at a military parade in Pyongyang ...

  Bloomberg A bipartisan group of senators was expected to meet to discuss options for passing immigration legislation this year. “The idea is to get as many bipartisan bills we can find that have goals that will add up to 60,” Senator Dick Durbin (D-Ill.) said, referring to the Senate’s threshold for passing most legislation. Sens John Cornyn (R-Texas), Thom ...

  Bloomberg Deutsche Bank AG raised the outlook for its investment bank after fixed-income traders outperformed Wall Street peers for a seventh straight quarter, boosting Chief Executive Officer Christian Sewing in the final year of his turnaround plan. Revenue from buying and selling fixed-income securities rise 15% from a year earlier, beating the biggest US investment banks, where the business ...

Bloomberg Credit Suisse Group reported a bigger-than-expected loss, parted ways with three senior executives and warned that the full damage from one of the most turbulent periods in its history is yet to be accounted for. The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by 703 million francs in ...

  Bloomberg Standard Chartered (StanChart) Plc shares surged after it beat estimates in the first quarter and the lender said revenue would climb more this year than the previously predicted. Underlying pretax profit posted a surprise 4% rise to $1.5 billion in the period on a jump from its trading business, the London-based bank said in a statement on Thursday. Revenue ...

Bloomberg Shares of Facebook parent company Meta Platforms Inc. surged during pre-market hours on Thursday, a day after reporting its main platform added more users than projected in the first quarter, potentially staving off concerns that the company is losing momentum as a new generation flocks to younger sites like TikTok. The stock gained as much as 19% during pre-market ...

  Bloomberg European stocks advanced for a second day, trimming their monthly decline, as investors monitored a busy earnings day to gauge the companies’ ability to overcome inflationary and policy risks. The Stoxx Europe 600 Index was 1.3% higher by 9:39 am in London, with autos and technology sectors outperforming. Banks also rise as Standard Chartered Plc shares surged after ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with John Kerry, the US Special Presidential Envoy for Climate, joint cooperation in the climate action and ways to enhance collective international action in facing the repercussions and challenges of climate change. In a phone call, the two officials ...