Bloomberg Sri Lanka’s ousted PM Ranil Wickremesinghe is ready for polls after President Maithripala Sirisena dissolved the island nation’s parliament and called for a snap general election. “We are prepared to go for an election, but this is illegal,” said Harsha De Silva, who was state minister of economic affairs under Wickremesinghe’s government. “There will be a massive backing of ...

Bloomberg Poland is set to mark the centennial anniversary of regaining its sovereignty amid concerns that events on Sunday may be hijacked by far-right groups. PM Mateusz Morawiecki said this week that he expects as many 200,000 to gather in Warsaw and celebrate independence in an outpouring of patriotism. The government and nationalist groups will march together, in a test ...

Bloomberg A top Chinese official gave National Security Adviser John Bolton a pointed warning on Taiwan, as the two sides began a round of high-level meetings to bolster relations strained by trade disputes. Yang Jiechi — a member of Communist Party’s 25-seat Politburo — told Bolton during a meeting at the White House that the status of the democratically run ...

Bloomberg European Union President Donald Tusk said he has “different views” from US President Donald Trump on trans-Atlantic relations and other elements of geopolitical order, pushing back after the American leader’s latest criticism of Europe. Tusk’s remarks came after Trump called “very insulting” comments by French President Emmanuel Macron that a “strong and sovereign Europe” was needed to defend its ...

Bloomberg A debate is breaking out in the Treasury market before Wednesday’s release of US consumer-price data as tumbling crude oil leads investors to ratchet back inflation expectations. In one camp, you have the likes of Societe Generale SA. The bank sees price pressures building into 2019, fuelling demand for inflation protection, in part as investors anticipate more US tariffs ...

Bloomberg Even fund managers who were once shunning the pound are now betting on a rally as the UK inches towards a Brexit divorce deal. Allianz Global Investors, which has been consistently short the pound since the referendum in 2016, has switched to multiple long positions on the currency. Union Bancaire Privee sees volatility rising and is looking to buy ...

Bloomberg Alibaba Group Holding Ltd. logged 213.5 billion yuan ($30.7 billion) in sales for its annual Singles’ Day extravaganza, setting a record as shoppers swarmed the e-commerce giant’s online bazaars. China’s largest company reported that Xiaomi Corp., Apple Inc. and Dyson Ltd. products were the top three brands in early sales. The annual retail celebration, originally dedicated to the nation’s ...

Bloomberg Indonesia’s national rescue agency ended a search for victims of the Lion Air plane that crashed into the Java Sea about two weeks ago, while those trying to locate the cockpit voice recorder face a new challenge as an electronic signal from the device fades. The task of finding victims or their remains has been left to local teams, ...

Bloomberg Interloop Ltd., which makes socks for Nike and Adidas, is planning Pakistan’s biggest ever initial public offering by a private firm. The company plans to raise $51 million to expand its sock manufacturing capacity by around 20 percent and enter the denim business, said Chairman and Co-Founder Musadaq Zulqarnain. It will offer 12.5 percent of the business in the ...

Bloomberg The Horizon Air worker who stole an airplane from Seattle’s airport and took it for a ride crashed intentionally to commit suicide, the FBI said in a report that concluded he had no apparent ties to terrorism. Ground service agent Richard Russell, 28, acted alone and no charges are planned in the August incident, the agency said. Investigators found ...