Bloomberg President Joe Biden accused former President Donald Trump of “dismissing and ignoring the forgotten people he promised to help” in a unusually blunt attack, indicating that the White House may be trying to turn the midterm elections into a referendum on his predecessor. Biden, at an event in Cleveland, slammed Trump repeatedly during his remarks unveiling new regulations governing ...

Bloomberg The foreign ministers of Australia and China will meet for the first time in almost three years as the two nations try to reset a relationship that has often been marked by diplomatic tensions and economic tariffs. The two ministers will have bilateral talks at the Group of 20 meeting in Bali, China’s foreign ministry said Thursday. News of ...

Bloomberg New Zealand Prime Minister Jacinda Ardern said China’s increasingly assertive stance in the Pacific must be addressed through dialogue and diplomacy. “In the wake of the tensions we see rising, including in our Indo-Pacific region, diplomacy must become the strongest tool and de-escalation the loudest call,” Ardern said in a speech to the Lowy Institute Thursday in Sydney. “We ...

  Bloomberg Romania reopened a Soviet-era rail link connecting its Danube River port of Galati to Ukraine a month earlier than expected to help boost vital grain exports from its neighbour. Ukraine, known the breadbasket of Europe, typically exports the bulk of its grain from Black Sea ports, but they’ve been blocked by Russia’s invasion. That’s constraining sales to road, ...

  Bloomberg India’s central bank mounted a fresh defense of the beleaguered rupee, announcing a raft of measures to boost foreign-exchange inflows, that analysts said may not immediately result in large capital flows. The steps include doubling borrowing limits for companies from overseas to $1.5 billion during a financial year, temporarily removing any interest-rate ceiling for banks to attract deposits ...

  Bloomberg NatWest Group Plc will give more than 22,000 staff an average pay rise of around £1,000 ($1,199) from September to help them cope with the cost-of-living crisis. Staff earning less than £32,000 will get a 4% salary rise, according to an internal memo seen by Bloomberg News. NatWest said it had discussed the move with Unite and the ...

Bloomberg The Bank of Japan (BOJ) is likely to consider revising its inflation and growth forecasts later this month as a weaker yen and cost-push inflation force more companies to pass on higher costs to consumers, according to people familiar with the matter. The central bank will probably raise its quarterly price projection to its target level of 2% or above ...

  Bloomberg The Bank of England (BOE) is unlikely to offer a digital form of the pound that works like banknotes, opting instead for an instrument managed through some sort of account. Deputy Governor Jon Cunliffe, who is overseeing the BOE’s work on central bank digital currencies, said policy makers are thinking about how to make the pound work better ...

  Bloomberg Serbia lifted its benchmark interest rate for a fourth month, the highest since July 2019, following in the footsteps of peers in eastern Europe to confront persistent price pressure. The central bank in Belgrade increased the one-week repurchase rate by 25 basis points to 2.75%, a move that none of the 18 economists in a Bloomberg survey forecast. ...

  Bloomberg Peru’s central bank is expected to raise its key interest rate by half a percentage point on Thursday as the fastest inflation in 25 years fuels social tension in the Andean country. Policy makers will lift the benchmark rate to 6%, the highest since 2009, according to all economists surveyed by Bloomberg. It will be the 12th straight ...