Bloomberg Electricite de France (EDF) SA warned that unusually warm river temperatures are likely to force it to reduce nuclear output at time when about half the country’s reactors are already offline. With air temperatures in Paris forecast to climb above 25 degrees celsius (77 Fahrenheit) this weekend, some of the rivers used to cool EDF’s nuclear power plants ...

  Bloomberg Ferdinand Marcos Jr won a landslide victory in the Philippines presidential election, according to unofficial results, bringing his family back to power in Manila 36 years after his dictator father fled the country. With 96.7% of the election returns counted, the former senator won 30.7 million votes, or 58.8% of the total votes cast for president. His closest ...

Bloomberg President Joe Biden said he’s worried that Russian President Vladimir Putin “doesn’t have a way out right now” of his war in Ukraine, as the US leader signed into law a measure making it easier for Washington to send weapons and supplies to the government in Kyiv. Congressional Democrats have drafted a Ukraine aid package worth almost $40 billion, ...

  Bloomberg Chinese President Xi Jinping and his French counterpart Emmanuel Macron agreed in a phone call on the urgent need for a ceasefire in Ukraine, according to a statement from the Elysee palace in Paris. The two leaders underlined their attachment to respecting the territorial integrity and sovereignty of Ukraine. They also discussed the risk of an ensuing food ...

  Bloomberg Violence erupted in Sri Lanka after the brother of President Gotabaya Rajapaksa resigned as prime minister, with local reports saying protesters targeted the homes and properties of ruling-party lawmakers after pro-government groups attacked the demonstrators. The ancestral home of the Rajapaksa family in the southern district of Hambantota was set on fire, and police were forced to use ...

Bloomberg The UK’s desire to rewrite the Northern Ireland protocol was absent in detail from the Queen’s Speech, amid reports that domestic legislation is being prepared to override large chunks of the Brexit deal. While the UK repeated its warning that it will take necessary steps to address problems caused by the protocol, no named bill or signal of future ...

Bloomberg China’s central bank repeated a pledge to proactively address mounting economic pressure and also highlighted a drop in deposit rates, a decline that could spur banks to lower the cost of borrowing for the first time in months. The People’s Bank of China (PBOC) reaffirmed it will focus on supporting small businesses, sectors and groups hit by Covid-19 outbreaks, ...

  Bloomberg The dollar’s relentless advance to a two-year high is roiling Asian currencies and pushing policymakers into action to curb losses. From direct dollar selling to verbal intervention, authorities are deploying every tool from their armouries to ward off currency threats. India and Taiwan have intervened in the market, while Japan has tried to talk up the yen. China ...

  Bloomberg Goldman Sachs Group Inc. appointed E.G. Morse to co-lead the China business and will relocate him to Shanghai as the US bank continues to ramp up in the world’s second-largest economy. Morse, currently head of Singapore, will become co-head of Goldman Sachs China alongside Wei Cai and Sean Fan, who are based in Hong Kong and Beijing, respectively, ...

  Bloomberg Zimbabwe has adopted its harshest solution yet to halt a currency crisis — ordering banks to immediately stop all lending. The southern African nation’s President, Emmerson Mnangagwa, blames banks for flooding the financial system with excess funds, fueling a currency slide and inflation. The weekend directive to freeze loans is the latest in a series of orders since ...