Bloomberg Business

Extreme heat is returning to southern Europe this week, with the potential for record temperatures in parts of Spain, while further north a destructive storm is lashing the Nordic region.

Brazil analysts cut their interest rate forecasts for this year and next after central bankers launched a monetary easing cycle with a bold half-a-percentage point cut last week.

Federal Reserve Governor Michelle Bowman reiterated her view that the US central bank may need to raise rates further in order to fully restore price stability.

A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.

There is a long history of leaders prosecuted before, during and after holding power with representation across continents.

The number of people killed in Africa’s central Sahel region is surging this year, contradicting the claims by the military rulers of Mali, Burkina Faso and now Niger that they are tackling insecurity.

(Bloomberg) — The Bundesbank’s decision to stop paying interest on German government deposits, while jolting markets, marks a return to how it dealt with such holdings in the past.

Federal Reserve Bank of New York President John Williams sees the need to keep US monetary policy restrictive for some time and said interest-rate cuts may be warranted next year if inflation slows.

Sage Therapeutics Inc. slumped in early trading after regulators granted approval to its fast-acting pill only for postpartum depression, denying the drug clearance for major depressive disorder.

Siemens Energy AG launched a strategic review of its wind power business as problems with its turbines are expected to cause a €4.5 billion ($5 billion) net loss in one of industrial Germany’s biggest debacles.