Bloomberg Brazil’s capital was recovering early Monday from an insurrection by thousands of supporters of ex-President Jair Bolsonaro who stormed the country’s top government institutions, leaving a trail of destruction and testing the leadership of Luiz Inacio Lula da Silva just a week after he took office. Rioters ransacked congress, the presidential palace and the top court in Brasilia on ...

  Bloomberg In the latest sign that Sweden’s entry into the North Atlantic Treaty Organization isn’t imminent, Sweden’s Prime Minister Ulf Kristersson said Turkey is asking for too much of the Nordic country in exchange for ratifying its membership. While Turkey has confirmed that Sweden has done what it said it would do, “they also say that they want things ...

Bloomberg The US reduced its number of naval transits through the Taiwan Strait in 2022 to the lowest level in four years even as China stepped up military pressure on the island it vows to one day control. The US 7th Fleet sent nine warships through the body of water separating China and Taiwan last year, according to Bloomberg-compiled data. ...

Bloomberg Kim Jong Un rang in the new year the way he likes best — with a fresh threat to dramatically expand North Korea’s nuclear arsenal. This one is almost certain to fizzle. Kim used a speech published on Jan. 1 to call for an “exponential increase” in the country’s stockpiles of atomic weapons, implying output at an unprecedented pace. ...

  Bloomberg The UK government is considering sending Challenger 2 battle tanks to Ukraine, according to two people familiar with the discussions. If it goes ahead, the move would be the first time a Western country has provided Ukraine with modern battle tanks to fight Russian forces. No final decision has been taken, the people said on Monday. Neither wished ...

  Bloomberg Switzerland’s government will not receive a payout from the Swiss National Bank (SNB) for 2022, as the central bank projects the biggest loss in its 116-year history. The SNB expects an annual loss of about 132 billion francs ($143 billion), more than five times the previous record, it said on Monday in preliminary results. The largest part of ...

Bloomberg A Hong Kong unit of state-backed China Citic Bank Corp. is offering free Covid-19 mRNA vaccinations to sign up wealthy new customers as the border between the financial hub and mainland China reopened after three years of travel and quarantine restrictions. For customers who put in at least HK$4 million ($512,300) and sign up for a dual currency credit ...

  Bloomberg UBS group predicts an increase in business for its bank’s key wealth division in Asia this year after a difficult period last year and is looking to add talent, its Asia Pacific president said. “I think our wealth management will power away this year, because of what’s happening in China, opening up and creating a more positive outlook ...

  Bloomberg Sri Lanka’s bondholders aren’t living up to their obligations and should cancel debt to allow the country to get out of its economic crisis, a group of international academics said in a letter. Private creditors own almost 40% of the country’s external debt, mostly in the form of International Sovereign Bonds, but higher interest rates mean they receive ...

  Bloomberg Credit Suisse Group AG has lost two more senior private bankers in Hong Kong as attrition woes continue at the Swiss bank, according to people familiar with the matter. Mandy Loo, a managing director for the China market, and Howard Wu, a team leader for Greater China investment consultants, have both left the bank, said the people, asking ...