Bloomberg Ukrainian President Volodymyr Zelenskiy accused Russia of trying to create a global sense of fatigue about its invasion, including by restricing the flow of gas to drive energy prices higher. The European Union is working on “an emergency intervention and a structural reform of the electricity market” to drive down spiking power prices, according to Ursula von der Leyen, ...

  Bloomberg International Atomic Energy Agency Director General Rafael Mariano Grossi will lead an inspection of the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine this week, he said in a statement on Twitter. The visit to Europe’s biggest nuclear power station will take place amid almost-daily reports of new shelling and damage to infrastructure surrounding its six reactors. A document ...

  Bloomberg Georgia Governor Brian Kemp must testify before a grand jury investigating former President Donald Trump’s actions after his 2020 loss to Joe Biden, but not until after he faces his own election later this year, a Fulton County Superior Court judge ruled. Judge Robert McBurney on Monday rejected a claim by Kemp’s attorneys that he was immune as ...

Bloomberg Former President Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro had their first in-person confrontation of Brazil’s election campaign during a stormy televised debate that set the tone of the contest with five weeks to go. The two front-runners didn’t waste any time before attacking each other, with Bolsonaro branding Lula’s government “the most corrupt in history” and ...

  Bloomberg China is enforcing lockdown restrictions in areas around Beijing more intensively, and will mass test the nearby port city of Tianjin, stepping up its quest to wipe out Covid-19 ahead of a key meeting of the Communist Party’s top leaders. The moves come even as China’s latest wave shows signs of easing, with 1,556 new infections nationwide reported ...

  Bloomberg Australian Prime Minister Anthony Albanese stood by tax cuts estimated to cost the budget billions in revenue and promised his government would undertake “reform and renewal” in the wake of the Covid-19 pandemic. Taking questions after a speech in Canberra on Monday to mark 100 days since he took the top job, Albanese defended his decision to keep ...

  Bloomberg The European Central Bank (ECB) is prepared to at least repeat the half-point increase in interest rates it delivered last month, with an even bigger move not to be excluded as inflation nears yet another record. That’s the message from ECB officials who joined the Federal Reserve’s annual Jackson Hole symposium, which wrapped up Saturday. Fed Chair Jerome ...

  Bloomberg Agricultural Bank of China Ltd, the nation’s third-largest bank by assets, said it’s facing 1.23 billion yuan ($178 million) in overdue loans, nearly double a previous estimate, from a mortgage boycott on unfinished projects that has swept the country. After reporting a small gain in earnings on Monday, the Beijing-based lender revealed that the overdue loans are linked ...

  Bloomberg IDBI Bank Ltd’s chief executive officer (CEO) said the lender is likely to recoup 195 billion rupees ($2.4 billion) on soured debt in his pitch to potential buyers amid India’s planned auction of the firm. “We are sitting on about 780 billion rupees of fully provided for bad loans, including written-off loans, and around 25% is likely to ...

  Bloomberg Morgan Stanley’s stock short selling practices are being inspected by South Korea as part of a broader effort by the nation’s financial watchdog to clamp down on bets against equities. The Financial Supervisory Service (FSS) also plans to examine Bank of America Merrill Lynch over how it conducts stock short sales. Morgan Stanley was picked due to the ...