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BLOOMBERG The European Union (EU) is set to propose a ban on many goods transiting through Russia as the bloc attempts to tighten the screws on the enforcement of sanctions imposed over the past year. The transit ban would extend to numerous technologies and other goods, including several types of vehicles, but not all items would be barred from travelling ...

BLOOMBERG Poland is close to overcoming inflation pressures and has done so without overreacting in a way that could have damaged the economy for years, said ruling party leader Jaroslaw Kaczynski. Polish policy has been aimed at protecting the nation’s labour market, Kaczynski said in Janow Lubelski in the nation’s east. An overresponse to the sudden price increases following Russia’s ...

BLOOMBERG European states reacted with fury to a Chinese envoy questioning the independence of ex-Soviet states, tainting China’s push to court leaders in the region and burnish its credentials to broker peace after Russia’s invasion of Ukraine. Some “ex-Soviet Union countries” don’t have effective status under international law, Chinese ambassador to France Lu Shaye said in an interview aired on ...

BLOOMBERG Russia will cut staff limits for German diplomatic missions and expel about one-third of Berlin’s diplomats currently working in the country, foreign ministry in Moscow said. The ministry said the move was meant to “mirror” the recent expulsion of Russian diplomats from Germany. Relations between the former major trading partners continue to deteriorate as President Vladimir Putin’s war against ...

BLOOMBERG Amritpal Singh, a fugitive Sikh separatist leader, surrendered to the Indian police in the state of Punjab, ending a tense weeks-long chase. The self-styled preacher, who has tried to revive a banned movement to create an independent state of Khalistan, was arrested in Moga, according to a tweet from Punjab police. The search for Singh, 30, prompted police to ...

BLOOMBERG Prime Minister Fumio Kishida’s ruling party won at least one of five Japanese by-elections but faced close races in the others, public broadcaster NHK said, with the results seen as key to his decision on election timing. The premier’s ruling Liberal Democratic Party (LDP) is fighting to keep the three seats it previously held of the five. Managing to ...

BLOOMBERG Prime Minister Giorgia Meloni is getting dragged into the escalating tensions between Washington and Beijing as she tries to disentangle Italy from its close relationship with China. Meloni, the right-wing leader who came to power less than a year ago, is leaning towards pulling out of an agreement to join China’s controversial Belt and Road Initiative, which has funded ...

BLOOMBERG Greek PM Kyriakos Mitsotakis confirmed a general vote on May 21, completing the formal process to call for an election that will take place in the aftermath of a deadly train crash which has shaken the country. The country is today very close to recovering its investment grade, a development that will mean lower borrowing costs for the state, ...

BLOOMBERG A new electric hatchback starting from just 78,800 yuan ($11,450) from BYD Co is set to intensify competition in China’s already crowded entry-level car market. Unveiled at the Shanghai auto show, the Seagull drew big crowds with its neon yellow exterior and budget price tag. The 55kW motor provides around 190 miles (300 kilometres) of charge at a top ...

BLOOMBERG The pay package awarded to Alphabet Inc Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world’s highest-paid corporate leaders. The stock award portion of his pay amounted to $218 million, according to a filing from the Google parent company. He received a total of $6.3 ...