Bloomberg Business

Australia must strengthen its military capability in the face of an increasingly complex security environment across the Indo-Pacific, according to Deputy Prime Minister Richard Marles.

China is on track to sell a record amount of yuan-denominated sovereign bonds overseas this year, in a move that will help authorities support a weakening currency and boost its global popularity in the long run.

Tel Aviv is rapidly losing air links, with regional powerhouse Turkish Airlines joining a growing list of international carriers pulling out after the Israeli government vowed to aggressively counter the Hamas attacks.

About 1,200 Israelis were killed so far in the Hamas attack on the country and US President Joe Biden vowed to provide Israel full support that includes shipments of munitions and intelligence assistance.

Russia’s exports of oil products declined in the first week of October, with diesel flows dropping to a three-year low amid a ban on some shipments of the fuel for most of the period.

Metro Bank Holdings Plc’s glitzy branches made it the poster child for the UK’s smaller banks. Its current problems, which culminated in a rescue deal over the weekend, highlight just some of the difficulties facing challengers in a market long dominated by far bigger rivals.

Australia’s central bank is in its “third phase” of monetary policy tightening as it assesses the impact of interest-rate rises to date, a senior Reserve Bank official said, adding further moves may still be needed.

Pressure is growing from financial markets for Thailand’s premier to change course on his blockbuster spending plan as concerns mount that the government will increase borrowings substantially to fund the stimulus.

China’s new-energy passenger car exports more than doubled last month, as the nation’s growing clout in the global auto market comes under pressure from Europe and the US.