Bulgaria launched a new attempt to form a majority-backed government to find a way out of a years-long political crisis despite a wiretap scandal that blocked a power-sharing deal between the main parties.
The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.
President Joe Biden and House Speaker Kevin McCarthy expressed confidence that their debt-ceiling deal will pass Congress, as party leaders revved up a campaign to ratify the agreement in time to avert a catastrophic US default.
A former Nigerian oil minister filed a defamation lawsuit against the country’s anti-corruption agency, demanding $215 million in damages.
Copper and European natural gas futures prices are both in the midst of multiweek losing streaks, while oil is looking to maintain the momentum after a two-week rally. In the US, investors will be focused on two annual general meetings from oil behemoths Exxon Mobil Corp. and Chevron Corp. Here are five notable charts to consider as the week in commodities gets underway.
Turkish President Recep Tayyip Erdogan sealed an election victory in a runoff vote, raising the prospect of more friction with Western governments and foreign investors.
Elon Musk is expected to visit China this week in what would be his first trip to the country in three years, Reuters reported.
One of Sweden’s biggest landlords has turned to its tenants to help conserve cash in the face of a sector-wide jump in financing costs.
(Bloomberg) — Chile’s central bank said there’s no evidence that the domestic inflation slowdown had been consolidated, even as headline consumer price and consumption readings head in the right direction.
Democratic Senator Joe Manchin slipped into the debt-limit deal a measure meant to accelerate a multi-billion-dollar natural gas pipeline that’s been repeatedly stalled on environmental concerns, according to people familiar with the matter.
