Bloomberg Authorities in Sydney asked thousands of people to evacuate their homes as torrential rain lashes Australia’s largest city, causing widespread flooding. A severe weather warning for heavy rainfall and damaging winds was in place Sunday across Sydney and surrounding areas, with the Bureau of Meteorology saying the downpour is expected to continue and may lead to flash flooding. ...

Bloomberg Germany’s government made a rare public statement admonishing the British government for plans to break the Brexit deal agreed with the European Union two years ago. German Foreign Minister Annalena Baerbock and Irish Foreign Minister Simon Coveney wrote a letter in the Observer defending the Northern Ireland protocol, arguing that it upholds the Good Friday peace agreement and maintains ...

Bloomberg New Zealand Prime Minister Jacinda Ardern has again raised concerns about China’s ambitions in the Pacific, repeating her comment that Beijing “has become increasingly assertive in our region.” “In recent times, there has been growing interest in the Pacific,” Ardern said in a speech at Chatham House in London on Friday. “The foreign policy position of some of the ...

  Bloomberg Members of the House committee investigating the US Capitol attack by supporters of Donald Trump promised further revelations, after an ex-White House staffer’s portrayed the former president’s outbursts of rage. “We are following additional leads,” Representative Adam Schiff, a California Democrat, said on CBS’s “Face the Nation” on Sunday. “I think those leads will lead to new testimony.” ...

  Bloomberg Employers in the US probably added workers at a more moderate yet still healthy pace last month as the jobless rate held near its lowest level in decades, suggesting resilient labour demand even as the economy cools. The government’s latest payrolls tally is projected to show a 273,000 increase for June, based on the Bloomberg survey median. The ...

  Bloomberg Italy’s government plans further measures to cushion the impact of high energy prices, including extending a fuel tax holiday to the beginning of October, Il Messaggero newspaper reported. The package, likely to be approved in the second half of July according to the newspaper, would be worth around 8 billion euros ($8.3 billion). The cost would be covered ...

  Bloomberg Top German industries could face collapse because of cuts in the supplies of Russian natural gas, the country’s top union official warned before crisis talks with Chancellor Olaf Scholz starting Monday. “Because of the gas bottlenecks, entire industries are in danger of permanently collapsing: aluminum, glass, the chemical industry,” said Yasmin Fahimi, the head of the German Federation ...

  Bloomberg The number of UK house sales fell in May, the latest sign that the red-hot property market is starting to cool. Sales agreed in May were down 13% year-on-year, according to Zoopla’s UK House Price Index report. The average time to agree a sale is also rising — taking 22 days in May, from 20 days in March. ...

  Bloomberg Volvo Car AB plans to build a $1.3 billion electric-vehicle factory in Slovakia, the company said. The new plant will be able to produce 250,000 electric cars per year, part of the company’s goal of reaching annual sales of 1.2 million cars by 2025 and switching its entire lineup to battery-powered vehicles by the end of the decade. ...

  Bloomberg Euro area inflation surged to a fresh record, surpassing expectations and bolstering calls for the kind of aggressive interest-rate increases being deployed central banks across the world. Driven once more by soaring food and energy costs, consumer prices jumped 8.6% from a year earlier in June — up from 8.1% in May. Economists surveyed by Bloomberg saw a ...