UK Prime Minister Rishi Sunak leaves Washington after a two-day visit, armed with President Joe Biden’s backing for his efforts on artificial intelligence and agreements for closer economic cooperation to shore up green industries and supply chains.
The European Central Bank will neither raise interest rates too far nor stop lifting them too early, according to economists surveyed by Bloomberg who see borrowing costs peaking in July.
One of the key pillars of the European Union’s blockbuster green deal is at risk of collapse in a crucial vote next week, a development that would dent the continent’s progress in efforts to cut its carbon emissions by more than half by the end of the decade.
Rising interest rates and gilt yields have punched a £9 billion ($11.3 billion) hole in the UK government finances, jeopardizing both the Conservatives’ plans to cut taxes before the election and the opposition Labour Party’s ambition to spend billions on a green energy transition.
Many firms are afraid to invest in struggling UK retailers for fear of the next big blow-up, but there’s one notable exception that keeps coming back for more: Elliott-backed Bantry Bay Capital.
Swedes are becoming more upbeat about one of the worst-hit housing markets globally after a year of relentless borrowing-cost increases that have pushed prices lower.
Nomura Holdings Inc. shares have trailed this year’s Japanese stock market rally amid concerns about profitability at the nation’s largest brokerage.
Japan’s blue-chip equity gauge is set to complete a nine-week advance that would be its longest winning streak in more than five years.
South Korea needs to work on opening up access to its capital market including extending currency trading hours, according to MSCI Inc., as the nation seeks an upgrade to developed market status.
Road expansion work years away from fixing Kumamoto’s gridlock
