Bloomberg Business

BlackRock Inc. Chief Executive Officer Larry Fink predicts inflation in the US, which has shown hints of moderating, will persist and likely won’t go below 4% anytime soon.

The European Central Bank has already completed most of the interest-rate rises it needs to combat sticky underlying inflation, with the biggest impact of past increases yet to come, Governing Council member Francois Villeroy de Galhau said.

The Biden administration proposed to crack down on vehicle pollution with tailpipe emission limits so tough they will effectively compel automakers to ensure two out of every three cars and light trucks sold in 2032 are electric models.

South Africa’s central bank has the freedom to adjust monetary policy without having to follow the Federal Reserve’s interest-rate hikes because the effects of the US institution’s moves feed into the exchange rate and domestic inflation, which the Reserve Bank targets, its chief said.

The financial stresses stemming from the failure of two American banks last month seem to be subsiding, President Joe Biden’s top economic policy adviser said.

Russian President Vladimir Putin personally approved the arrest of a US reporter on espionage charges for the first time since the Cold War, according to people familiar with the situation.

Canadian Finance Minister Chrystia Freeland warned American lawmakers about the risks of starting a clean-tech subsidy war, saying that a “race to the bottom” risks eroding the tax bases of the US and its allies.

The Bank of Canada left interest rates unchanged for a second straight meeting and pushed back against market expectations for a cut later this year.

Investors have been pulling money out of municipal bond funds even though the asset class delivered strong returns in March.