Bloomberg The pound is suffering a record run of losses against the euro just as Brits get ready for the summer holidays. Sterling has slid more than 5 percent against the euro in an unprecedented run of 10 weekly declines, handing UK holidaymakers on the continent a hefty foreign-exchange disadvantage. And it’s fared the worst among 32 major currencies tracked ...

Bloomberg Traders taking profit from Kuwait’s longest-winning streak since at least 2016 sent the nation’s main stock index to its first loss this month. The gauge declined less than 0.1 percent, led by National Bank of Kuwait and HumanSoft Holding. While a favourable deposit shift for lenders in the country may boost second-quarter margins from lows in the previous quarter, ...

Bloomberg President Donald Trump abandoned the nuclear pact with Iran last year because it was signed by his predecessor Barack Obama, according to the latest UK diplomatic cables published in a British newspaper. The emails, reportedly from Kim Darroch, who was Britain’s ambassador to the US until he quit following the first batch of leaks, centre on Boris Johnson’s last-ditch ...

Bloomberg Italy will present a new proposal for dealing with migrant flows to European Union partners on Monday, Foreign Minister Enzo Moavero Milanesi said. “We need a structured, stable mechanism,” Moavero told newspaper Corriere della Sera in an interview. “Migrants are seeking to go to Europe, not to Italy, Malta or Greece.” Moavero said he is in favour of a ...

Bloomberg Italy’s Deputy PM Matteo Salvini’s efforts to quell the fallout over reports his League Party was soliciting Russian financing suffered a setback when the country’s prime minister contradicted his recollection of events. Prime Minister Giuseppe Conte said that Salvini’s office had invited Gianluca Savoini, a Salvini ally at the centre of the flap, to a dinner with Russian President Vladimir ...

Bloomberg Boris Johnson will face a tough fight from political heavyweights if he tries to suspend parliament to force through a no-deal Brexit. Anti-Brexit campaigner Gina Miller and Work and Pensions Secretary Amber Rudd both opposed the idea, adding to growing ranks across the political divide who say they are concerned about upholding Britain’s constitution. Miller, who already took the ...

Bloomberg Hong Kong demonstrators gathered for another weekend of protests with a growing list of grievances, maintaining pressure on Chief Executive Carrie Lam who was reported to have offered her resignation several times in recent weeks to her political masters in Beijing. Rally organisers said 110,000 people marched in the district of Sha Tin, a popular destination for visitors from ...

Bloomberg Chad lifted a more than a year-long ban on social media including Facebook and Twitter that the government said had been necessary for security reasons. The announcement was made by President Idriss Deby at a conference about digital technology in the capital, N’Djamena. While he said he’d instructed internet service providers to suspend the restrictions immediately, he appealed “to ...

Bloomberg A raft of global banks including HSBC Holdings Plc and Morgan Stanley were among those added to a UK task force that aims to set strategy for fighting financial crimes in the country, giving the industry more influence over its own regulation. While details were scant, the task force promised in a statement to improve the use of data ...

Bloomberg BNP Paribas SA will no longer finance private prison companies, joining a wave of banks pulling out of the business amid criticism of the conditions in US detention facilities. “This decision is the result of the bank’s internal and external consultative process that ensures that clients’ practices are aligned with the group’s policies,” BNP Paribas said in an emailed ...