Bloomberg Business

UK Prime Minister Rishi Sunak announced the creation of a framework for war-risk insurance backed by the Group of Seven and designed to encourage private investors to help rebuild Ukraine.

Analysts are becoming more optimistic toward Toyota Motor Corp. as fears retreat that the world’s biggest automaker is lagging in a shift to electric vehicles.

The first rise in UK house prices in seven months was overshadowed by a rapidly darkening outlook for the property market after a surge in bets for higher interest rates.

China said US President Joe Biden had made a “public political provocation” by referring to his Chinese counterpart Xi Jinping as a “dictator,” as fresh tensions flared in bilateral ties just days after meetings to stabilize relations.

Auto sales in Europe continued their upward trajectory in May, rising for the 10th month in a row as demand for electric cars outpaced the broader market.

The government of Singapore has defended its commitment to climate action following a decision by Van Lanschot Kempen NV to exclude the country from portfolios, after it failed an updated ESG test used by the wealth manager to screen for environmental risks.

British lenders are facing a “pain game” as interest rate hikes hurt the outlook for both loans and deposits, analysts at Exane BNP Paribas warned before a hot inflation number on Wednesday sent UK bond yields even higher.

Secretary of State Antony Blinken pledged an additional $1.3 billion in assistance to help Ukraine rebuild following the Russian invasion.

Rocketing interest rates and inflation drove UK government debt above 100% of GDP for the first time since 1961, dealing a blow to Prime Minister Rishi Sunak’s pledge to get it falling and denting hopes for tax cuts in the build up to an expected general election next year.