Bloomberg Estonian Prime Minister Kaja Kallas warned of the grave consequences of any future Russian aggression in the Baltics ahead of an important Nato summit next week. Speaking to journalists in Tallinn on Wednesday, Kallas said Nato’s “tripwire” strategy for defending the three Baltic countries of Estonia, Latvia and Lithuania, under which allies would arrive with reinforcements only after ...

  Bloomberg Myanmar’s civilian leader Aung San Suu Kyi has been shifted to solitary confinement inside a military-built prison compound in the capital of Naypyidaw, a junta spokesman said Thursday. Suu Kyi was detained at an undisclosed location soon after the coup last year, and a special court in April sentenced her to five years in prison in the first ...

Bloomberg President Emmanuel Macron acknowledged he’d have to compromise and negotiate with rivals, in his first public address to the French people since losing his outright majority in parliament. “We must collectively learn how to govern and legislate in a different way. Build new compromises through dialogue, listening and respect,” Macron said in a televised speech Wednesday night. “This is ...

  Bloomberg India western state of Maharashtra, home to the country’s financial capital, is staring at a political crisis with lawmakers from Chief Minister Uddhav Thackeray’s Shiv Sena threatening to exit his ruling coalition and demanding the renewal of an alliance with Prime Minister Narendra Modi’s Bharatiya Janata Party. Several legislators from the Shiv Sena party, led by senior leader ...

  Bloomberg Former President Luiz Inacio Lula da Silva saw his lead over incumbent Jair Bolsonaro grow to 17 percentage points in a possible second round, the widest in five months, according to a new poll carried out after the latest fuel price increase in Brazil. Lula would receive 52% of the votes while Bolsonaro would get 35% in a ...

  Bloomberg A supply glut is set to hit India’s government bond market, and drive benchmark yields towards 8% by year-end, according to Standard Chartered Plc. The lender estimates that excess supply of sovereign and state debt may total as much as 6.3 trillion rupees ($81 billion) this fiscal year. That’s likely to further upset a market that’s struggling to ...

  Bloomberg Indonesia’s central bank held its benchmark interest rate at a record low again, saying inflation remains manageable as it cemented its place as an outlier on monetary policy. Bank Indonesia left the seven-day reverse repurchase rate unchanged at 3.5%, as predicted by 24 of 33 economists surveyed by Bloomberg. The rest expected policy makers to kick off the ...

  Bloomberg The UK government is tightening rules on buy now, pay later loans to try to prevent borrowers from taking on unaffordable debts. After months of consultations, the Treasury confirmed that lenders will be required to carry out affordability checks on customers and ensure advertisements are fair. Providers will need to be approved by the Financial Conduct Authority and ...

  Bloomberg AIB group is set to be hit with a possible record fine from Ireland’s central bank for its role in a mortgage overcharging scandal, according to three people familiar with the matter. The central bank is preparing to sanction the bank for its role in charging thousands of customers the wrong interest rate on mortgages that tracked the ...

  Bloomberg HSBC Holdings Plc has lost two senior investment bankers in Asia, according to people familiar with the matter, as global banks compete for financial technology talent and the dealmaking slows down. Nate Tan, a managing director, has left the British lender and will join Singapore’s United Overseas Bank Ltd. in its digital banking platform team, the people said, ...