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Bloomberg Myanmar’s military regime has executed four individuals, including a deposed pro-democracy lawmaker and a prominent activist, in its first use of the death penalty in over three decades, state media reported on Monday. Kyaw Min Yu, also known as Jimmy, a leader of the activist group that opposed former dictator Ne Win, and Phyo Zeya Thaw, a civilian lawmaker ...

  Bloomberg After a televised Conservative leadership debate exposed the stark divisions among rivals vying to be the next UK prime minister, Rishi Sunak turned to Liz Truss and asked: “Why are we doing this?” Both are now in the runoff to succeed Boris Johnson as Tory party leader. Yet any intentions to try to temper so-called blue-on-blue attacks ahead ...

Bloomberg The surge in the dollar this month to its strongest levels in decades has won a tacit endorsement from Washington, offering little official restraint to the currency in a notable shift from past occasions. Congressional hearings with key policy makers including Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell have seen barely a mention of the greenback’s ...

Bloomberg India’s central bank may be pivoting to the spot market from forwards in its attempts to shield the rupee from fresh record lows — in order to minimise the knock-on effects of its intervention strategy. Reserve Bank of India’s (RBI) foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its ...

  Bloomberg Julius Baer Group Ltd said the worst of the market selloff may be over for the Swiss wealth manager after a first half that was one of the most difficult in decades. Clients have started to come back and will probably look for ways to make money again in the second half, CEO Philipp Rickenbacher said. First-half profit ...

  Bloomberg Stocks and US equity futures reversed earlier declines on Monday as earnings expectations outweighed concerns about a possible recession. S&P 500 and Nasdaq 100 futures rose, while European stocks extended gains after their best week since May. China’s property shares pushed higher amid a report that officials plan a fund to support struggling developers. Treasury yields advanced and ...

  Bloomberg Chinese property stocks and dollar bonds rallied on Monday, as a reported move by Beijing to establish a fund to support developers fuelled optimism about a turnaround for the struggling sector. A Bloomberg Intelligence index of the country’s real estate firms jumped 1.7%, the most in a week. China’s high-yield dollar notes, predominately issued by developers, rose at ...

Bloomberg Oil posted a weekly loss with softer European economic data and signals of US fuel demand stalling souring the market’s outlook. West Texas Intermediate falls 1.7% to slip below $95 a barrel in a choppy session. Crude posted a weekly decline as broader markets swayed oil prices in sessions characterised by sharp swings and low liquidity. On July 22, ...

  DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced that Saturday, July 30, will be an official paid holiday for all private sector employees in the UAE on the occasion of Islamic New Year, 1444 AH. This comes in line with the decree issued by the UAE cabinet to unify the number of holidays between ...

  DUBAI / WAM Cruise, the self-driving car service, will start this month the operation of two Chevrolet Bolt electric vehicles (EVs) to prepare digital maps for Cruise’s self-driving vehicles. The process is a prelude for the launch of the actual service in 2023, rendering Dubai the first city in the world to commercially operate Cruise self-driving vehicles outside America. ...