Bloomberg Boris Johnson batted away calls from opposition Labour Party Leader Keir Starmer for him to resign over allegations of rule-breaking parties at Downing Street during lockdown. Johnson told the House of Commons he couldn’t comment on the matter while it’s still under investigation, and reiterated a promise to publish senior civil servant Sue Gray’s report in full once ...

  Bloomberg A coup in Burkina Faso will reverberate across West African economies and heighten concerns about growing instability in neighboring states. Soldiers toppled President Roch Marc Christian Kabore on Monday, accusing him of failing to tackle an insurgency that’s spreading in the region. The US and United Nations condemned the takeover, while the Economic Community of West African States ...

  Bloomberg Beijing said a US bid to let its diplomats exit China during the pandemic defied logic, after reports emerged American embassy officials were worried about the country’s tightening epidemic measures. “We find it difficult to understand the logic behind the US decision, which cannot be justified,” Chinese Foreign Ministry spokesman Zhao Lijian said Wednesday at a regular news ...

Bloomberg House Speaker Nancy Pelosi announced she is running for re-election to her San Francisco-area congressional seat, although she has previously indicated this would be her last term as the chamber’s top Democrat. In a video released by her campaign, Pelosi ticked off a list of unfinished business like “justice for immigrants” and issues related to education, housing, and other ...

  Bloomberg Europe is imposing new requirements on how banks report environmental risks and carbon targets, to give investors a better picture of the threats that climate change poses to the industry. The European Banking Authority (EDBA) has unveiled a new set of mandatory templates, tables and instructions that banks will have to follow, after a review of environmental, social ...

  Bloomberg UK consumers spent significantly more on debit cards in the first two weeks of January but a mounting cost-of-living crisis is expected to take a heavy toll in 2022. That’s according to Lloyds Bank, which found that spending rises 27% from the same period of 2020, before the pandemic hit, with 42% more splashed out at restaurants. The ...

  Bloomberg Credit Suisse Group AG will take a large legal charge in the fourth quarter and warned of outflows at its key wealth business, capping a tough year for the bank after a series of scandals and management turmoil. The lender will set aside 500 million francs ($546 million) for litigation stemming primarily from its investment banking business, according ...

  Bloomberg Pakistan held its benchmark interest rate steady for the first time in four meetings, opting to watch the effects of previous increases on the Asia’s fastest inflation. The State Bank of Pakistan (SBP) kept the target rate unchanged at 9.75%, Governor Reza Baqir told reporters in Karachi. Thirty-nine of the 43 economists surveyed by Bloomberg predicted the decision, ...

  Bloomberg The Reserve Bank of Australia (RBA) will probably scrap its bond-buying program at the first meeting of 2022, as a strengthening economic recovery suggests the additional stimulus measure is no longer needed. All but one of 17 analysts polled by Bloomberg expects the RBA will end quantitative easing at its February 1 meeting. The outlier, HSBC Holdings Plc’s ...

  Bloomberg The US will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to Bank of America Corp (BofA) US government-backed coins, also known as central bank digital currencies, or CBDCs, “are an inevitable evolution of today’s electronic currencies,” strategists Alkesh Shah and Andrew Moss, wrote in a report. In the meantime, ...