Bloomberg Business

NATO Chief Urges Allies to Sign Defense Deals to Boost Output

NATO allies need to sign more contracts with defense companies to boost production given their ammunition stocks are running dry, the military bloc’s chief said, as he urged countries to spend at least 2% of GDP as soon as possible.

Korean Won Won’t Recover to Pre-Pandemic Levels, BOK Member Says

The won isn’t likely to strengthen to pre-pandemic levels, given structural changes including heightened geopolitical competition, an aging population and increasing demand for overseas investment, according to a Bank of Korea board member.

Senate Fails to Strip Manchin Pipeline Deal From Debt Bill

An amendment to strip language from the debt-ceiling bill expediting approval of a multi-billion-dollar natural gas pipeline failed a Senate vote Thursday, ensuring the contentious measure remained in the must-pass legislation.

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