Bloomberg New York City and Washington could be in for some window-rattling thunderstorms and gusty winds on Friday. Tornado watches were posted from Maryland to North Carolina on Friday, indicating the atmosphere was primed for the destructive storms, the National Weather Service said. As the day wears on, that risk will likely roll north into New Jersey, the upper ...

  Bloomberg Fiji will join the US in a wide-ranging economic initiative, making it the first Pacific Island country to do so as competition heats up between Beijing and Washington for influence in the Asia-Pacific. News of Fiji becoming the 14th country to join President Joe Biden’s Indo-Pacific Economic Framework (IPEF) came as China’s Foreign Minister Wang Yi made a ...

Bloomberg Former President Donald Trump must testify under oath in New York’s “well founded” probe of his company, a state appeals court ruled. The appellate panel in Manhattan upheld a lower-court ruling from February, rejecting Trump’s argument that New York Attorney General Letitia James opened the investigation because she’s politically biased. James, who is probing potentially fraudulent asset valuations at ...

Bloomberg The Biden administration is counting on a rule change to speed up asylum decisions at the southern border and help ward off the turmoil expected to come if a measure that limits those claims is allowed to expire. Department of Homeland Security officials will get the power to reject or approve asylum cases directly starting from May 31. It’s ...

Bloomberg Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period. Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal ...

  Bloomberg France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent economy from crashing. “I will be a relentless craftsman in keeping our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new budget minister, said in a ...

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...

  Bloomberg Justin Trudeau’s government has issued a new policy that tries to make internet access less expensive in Canada by changing the rules for companies that own large communications networks. The government has asked the country’s telecommunications regulator to craft new regulations that would force major providers such as BCE Inc and Rogers Communications Inc to sell access to ...

  Bloomberg More Americans are quitting their jobs than ever in the US, and fewer are sticking around in their new positions. Among workers who took a new job in 2021, the share who had been in their previous position for less than 12 months rose by 6.5% compared with a year earlier, data compiled by LinkedIn show. This job-jumping ...

  Bloomberg European stocks rise, heading for their best weekly advance since mid-March as investors returned to risk assets, lured by cheaper valuations. The Stoxx Europe 600 Index added 0.6% by 9:57 am in London. Consumer and tech sectors outperformed, while utilities and energy shares lagged after the UK government announced windfall tax plans on oil and gas companies. While ...