The UK sold £4 billion ($5.1 billion) of gilts at the highest yield in 16 years on Wednesday, underscoring the elevated returns governments must offer to lure investors after more than a year of interest-rate hikes.
The ruble has crashed through what a top government official recently called Russia’s “comfort” zone after a mutiny that briefly threatened President Vladimir Putin’s power compounded months of capital outflows.
Germany plans to halve the income ceiling at which families stop being eligible for government benefits while taking parental leave, a move which critics say risks backfiring on working women.
India will see a five-fold increase in its ‘super rich’ families by the turn of the decade and a large chunk of the growth will come from rural areas — home to the nation’s poorest, according to a study.
The Middle East’s biggest broadcaster, MBC Group, is planning to start meeting investors for its Riyadh initial public offering, according to people familiar with the matter.
Hungarian Prime Minister Viktor Orban ordered his finance minister to map out cuts in social spending as mounting fiscal pressures and the absence of fresh European Union funds corner his government. The forint plunged against the euro.
Meta Platforms Inc.’s Threads app — the social network rolling out this week to take on Twitter Inc. — won’t be offered in the European Union as the company works out how data sharing between the new platform and its Instagram app will be regulated.
German automakers’ expectations are at their worst since the 2008 financial crisis due to inflationary pressures, sclerotic economic growth in Europe and punishing competition from Tesla Inc. as well as Chinese carmakers.
India has ambitions to become a leading exporter of green hydrogen as countries around the world increasingly view the clean fuel as crucial to the energy transition.
Rhine River water levels are on track to fall to critically low levels again this summer, as extreme heat scorches parts of Europe, testing energy and transport networks.
