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Bloomberg Chinese President Xi Jinping said unification with Taiwan “will and must be achieved,” renewing his pledge just days after sending a record number of warplanes near the island as part of a years-long pressure campaign. Xi made the remarks as part of a televised speech marking the 1911 uprising that toppled the last Qing emperor and led to the ...

Bloomberg Ethiopia has launched a major offensive against rebel forces from the Tigray region, carrying out air strikes in its latest bid to gain the upper hand in an almost yearlong civil war. The move from the government of Prime Minister Abiy Ahmed comes days after he was inaugurated for a new five-year term as leader of Africa’s second-most populous ...

Bloomberg European banks are falling short in their lobbying effort against oncoming stricter capital rules which would limit their ability to boost shareholder returns, according to people familiar with the matter. Lenders expect the European Commission to disregard their plea to retain significant freedom to assess the riskiness of their own loans, as the region implements the global bank standards ...

Bloomberg Barclays Plc is considering shaking up parts of its global markets unit that are underperforming as the lender prepares for volatility drying up after the pandemic. Global markets head CS Venkatakrishnan, known to colleagues as Venkat, told employees recently that while equities and credit trading had held up well lately, parts of its macro trading unit including European interest ...

Bloomberg The Reserve Bank of Australia (RBA) said it is important that lending standards are maintained as the risk remains from excessive borrowing in the country’s housing market. “In Australia, and some other countries, there have been large increases in housing prices and an acceleration in borrowing,” the central bank said in its semi-annual Financial Stability Review. “Vulnerabilities can increase ...

Bloomberg Bank of France Governor Francois Villeroy de Galhau said he expects inflation in the euro area to peak in coming months and for price increases to fall below 2% by the end of 2022. Villeory, who is also a member of the European Central Bank’s governing council, said the jump in inflation was a temporary bump linked to the ...

Bloomberg A Bank of England (BOE) interest-rate increase would hurt a fifth of existing mortgage holders, heaping misery on households already struggling with higher food and fuel costs. More than 21% of outstanding residential mortgages in the UK have variable interest rates, meaning the cost of repayments changes when the benchmark lending rate changes, according to data through June from ...

Bloomberg Persistent inflation could trigger more spells when bonds and equities move in tandem, according to JPMorgan Chase & Co analysts, posing a headache for investors who use fixed-income securities to shelter some of their portfolios from stock-market drops. The bond-market selloff in September coincided with the S&P 500 shedding 4.8%, a lockstep move that battered multi-asset investors. A basket ...

Bloomberg Peru tightened monetary policy for a third straight month after inflation surged to its highest rate in 12 years and political volatility roiled the currency. The central bank lifted its benchmark rate half a percentage point, to 1.5%, matching the median forecast of economists surveyed by Bloomberg. It was the third consecutive rate hike by the bank led by ...

Bloomberg Thousands of users of Facebook Inc’s main social network and Instagram photo-sharing app reported having trouble accessing the services for a short stretch midday, the second time in a week they were out of reach for a wide swath of people. More than an hour after apologising for the outages, Instagram said on Twitter that the situation was resolved. ...