Bloomberg Russia “appreciates” India’s neutral position on the war in Ukraine, Foreign Minister Sergei Lavrov told reporters in New Delhi ahead of meetings with officials including Prime Minister Narendra Modi. “The western world wants to reduce any meaningful relationship to the crisis in Ukraine,” Lavrov said on his first visit to New Delhi since Vladimir Putin invaded Ukraine. Moscow “appreciates” ...

Bloomberg The US denied claims from Pakistan Prime Minister Imran Khan that the Biden administration is seeking to oust his government, which seems to have lost its majority in parliament ahead of a no-confidence vote on Sunday. He said it’s evidence of an “international conspiracy” to unseat him, even though he has yet to publicly release the document. In separate ...

  Bloomberg European Union leaders said they told China in a virtual summit that they expect Beijing to help end Russia’s war in Ukraine and at the very least not to interfere with international sanctions imposed on Moscow. “We expect China, if not supporting the sanctions, at least to do everything not to interfere in any kind,” European Commission President ...

  Bloomberg Sri Lanka’s government said the protesters’ violent clashes with police outside President Gotabaya Rajapaksa’s home were a threat to the revival of the tourism sector, appealing for calm amid widespread anger over surging costs and power cuts stemming from a foreign exchange crisis. “Today we have a big problem with foreign exchange. One solution is to get more ...

  Bloomberg Kenya’s Supreme Court scuttled President Uhuru Kenyatta’s push to reshape the structure of the government, effectively halting plans to hold a referendum on the proposed changes. The judgment upheld rulings by two lower courts that the president can’t seek constitutional amendments through a popular initiative, meaning Kenyatta acted illegally in spearheading the proposals. “The Constitution of Kenya Amendment ...

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda is determined to stick with targeting long-term bond yields near zero, even as it leaves him increasingly at variance with global peers and propels a depreciating exchange rate. At stake for Kuroda is the credibility of his five-year-old policy framework, designed to secure sustained 2 percent inflation. The BOJ has been ...

  Bloomberg Commerzbank AG warned that risks to its outlook have increased following Russia’s invasion of Ukraine and the sanctions imposed on Moscow. Geopolitical risks could impact economic growth through higher prices for raw materials and sanctions, while Russian “countersanctions” might affect Commerzbank’s portfolios, Germany’s second-biggest listed lender said in its annual report. “There are numerous risk factors that could ...

  Bloomberg UK credit card borrowing jumped at its strongest pace in records dating back to 1993, adding to evidence that a surge in the cost of living is straining household finances. Borrowing on charge cards rose 1.5 billion pounds ($2 billion) in February alone, the Bank of England said. That drove up the value of unsecured credit including personal ...

  Bloomberg JPMorgan Chase & Co’s fledgling digital bank is going after more customers in the UK with a new savings account. Chase, which launched in the UK last September, will offer a variable interest rate of 1.5%, the company said. That’s more than double the rate offered by similar online banks including Goldman Sachs Group Marcus. Deposits will be ...

  Bloomberg Ecobank Transnational Inc, the pan-African lender with operations in 35 countries, foresees slower growth this year as a devaluation of local currencies pushes up its costs and make it more difficult for its clients to do business. The Togo-based lender predicts revenue growth will slow to 1% to 3% this year, from 5% in 2021, while loan extensions ...