Bloomberg Business

Sudan Conflict Rages On Despite Claims of Extended Cease-Fire

Air strikes, heavy shelling and gunfire continued across strategic sites in Sudan’s capital Khartoum as the war that’s torn the nation apart — killing hundreds of people and sending hundreds of thousands fleeing — entered its third week.

Rishi Sunak’s Next Six Months as PM Look Harder Than the First

UK Prime Minister Rishi Sunak had two tasks when he entered Downing Street: Stabilize the government after Liz Truss’s 49 chaotic days in office and make the Conservative Party competitive at the next general election. Tory strategists worry he’s now in danger of getting stuck between Job 1 and Job 2.

Ireland Warns ECB of ‘Real Life’ Impact of Interest-Rate Hikes

Irish Finance Minister Michael McGrath said the European Central Bank should be cautious of the impact on firms and households of raising interest rates, and called on businesses to play their part in fighting inflation by cutting prices.

German Bonds a No-Go Zone as ECB Seen Keeping Hawkish Stance

Investors are shying away from German bonds, saying the European Central Bank won’t be derailed from an aggressive interest-rate increase next week — even by a wave of economic data and a potentially dovish Federal Reserve decision beforehand.

Glencore Deal for Teck Would Face Stringent Review, Trudeau Says

Teck Resources Ltd. is a “great company” that’s important to Canada’s economy, and any takeover bid for the miner will have to get through a “rigorous process” to win government approval, Canadian Prime Minister Justin Trudeau said.

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