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Bloomberg China fired its largest missile tests in Taiwan’s waters in decades, the day after US House Speaker Nancy Pelosi defied Beijing by visiting the self-ruled island it claims as its own. The People’s Liberation Army fired 11 Dongfeng ballistic missiles into waters north, east and south of Taiwan between 13:56 p.m. and 16:00 p.m. local time Thursday, the island’s ...

Bloomberg Top Taliban officials didn’t know al-Qaeda leader Ayman al-Zawahiri was hiding in Afghanistan, a spokesman said, and an investigation is underway to check the veracity of US claims he was killed in an American airstrike in the capital Kabul over the weekend. “The government and the leadership wasn’t aware of what is being claimed,” Suhail Shaheen, the head of ...

  Bloomberg The US Senate ratified adding Sweden and Finland to the North Atlantic Treaty Organization, a move intended to bolster the military alliance after Russia’s invasion of Ukraine. The vote was 95-1, far exceeding the two-thirds majority required for the approval of treaties. If the ascension wins approval from all current members of the alliance, Finland will join Estonia, ...

Bloomberg Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. Massa rolled out his economic roadmap after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the ...

  Bloomberg Thomson Reuters Corp. journalists in the US launched a daylong strike on Thursday, first walkout in decades among the media company’s long-unionised staff. Employees began a 24-hour strike after claiming the company didn’t fairly negotiate pay increases, according to the Communications Workers of America’s NewsGuild, which represents US-based Reuters reporters, photographers and video journalists. The group said about ...

Bloomberg Searing temperatures are shriveling corn crops across Europe, in the latest sign of a deepening crisis that spans everything from Rhine River transport to Spanish olive growers. Sown in the spring, corn is under stress due to a lack of rain as the region struggles with rolling heat waves. Three-quarters of Romania, Europe’s biggest producer, is affected by drought ...

  Bloomberg German factory orders sank for a fifth month in June as rampant inflation and global supply disruptions continued to weigh on the outlook in Europe’s largest economy. Demand slipped 0.4% from May, driven by a decline in orders for investment goods, particularly from abroad. That brought annual number down 9%. Economists had predicted a drop of 0.9% on ...

  Bloomberg Toronto benchmark home prices fall for a fourth-straight month, a record-breaking streak of declines that some economists warn could become an historic downturn in Canada’s real estate market. The home-price index in Canada’s largest city declined 3.9% in July from the month earlier, bringing the total drop since April to 13.3%, according to data released on Thursday by ...

  Bloomberg US futures rise with stocks on Thursday as investors shrugged off growth warnings from the bond market. Oil bounced back from the lowest level in almost six months. Contracts on both the S&P 500 and the Nasdaq 100 pushed higher, suggesting the tech-heavy Nasdaq will extend an advance of 19% from its June 16 low. Gains in the ...

  Bloomberg The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C Bernstein warn. “Without clear signs of a positive shift in macro momentum, temporary re-risking could actually increase risks of another leg lower in the market rather than ...