The European Union is discussing a new sanctions mechanism to target third countries it believes aren’t doing enough to prevent Russia from evading sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter.
Taiwan’s spy chief warned that Chinese President Xi Jinping’s moves to surround himself with a coterie of like-minded officials increases the risk of conflict over the island at the heart of US-China tensions.
Hong Kong’s retail sales growth accelerated in March at the fastest pace on record as the economy bounced back and welcomed tourists after years of pandemic isolation.
The head of France’s moderate CFDT union warned it will fight to the end against President Emmanuel Macron’s plan to raise the retirement age to 64, a day after a second attempt to hold a referendum on the reform was rejected.
Turkey’s central bank unexpectedly didn’t change its inflation projections for this year and next, reiterating an outlook that’s far more optimistic than the views in the market.
UK mortgage lending ground to a halt in March for the first time since the pandemic was raging in mid-2021, but approvals for new loans picked up.
BMW AG’s first-quarter earnings beat expectations on strong sales of its most expensive cars, though the company left its 2023 outlook unchanged as the softening global demand threatens to erode orders across the industry.
The UK’s antitrust watchdog launched a wide-ranging market review into the development of AI as authorities grapple with how they can regulate the rapidly evolving technology.
Earnings estimates for Indian firms may be slashed by about 40% this fiscal year and next due to a host of global and domestic risks, according to Bank of America Corp.
The world’s most valuable chemicals maker reported worse-than-expected earnings and said the market remained fragile, with demand in China yet to recover strongly and inflation hurting consumers.
