Europe is not spoiling for a trade war with China over electric—vehicle subsidies and is instead focusing on a “rebalancing” to avoid excessive reliance on one country, according to the head of the body that represents European Union heads of state and government.
Spanish inflation accelerated for a second month, demonstrating the persistent price pressures that the European Central Bank’s higher-for-longer approach to interest rates is seeking to stamp out.
The cost of a five-year fixed-rate mortgage in the UK has dropped below 6% for the first time since the start of July, providing a glimmer of hope for Britons reeling from the UK’s home loans crunch.
Vedanta Ltd. is preparing to list a number of its key businesses in a broad restructuring effort that, if successful, could help tycoon Anil Agarwal reduce a multibillion dollar debt load, people familiar with the matter said.
Prime Minister Rishi Sunak refused to commit to building the HS2 rail project’s northern leg, fueling speculation that he plans to scrap a major part of the government’s plans to “level-up” disadvantaged regions.
Euro-area economic confidence slowed for a fifth month, further overshadowing the region’s outlook.
Chinese Defense Minister Li Shangfu missed a key meeting attended by President Xi Jinping, bolstering reports he’s being investigated for corruption and has been removed from his role.
Foreign investors sold the largest amount of Japanese stocks since March last week amid signs of risk aversion.
Armenian leaders of Nagorno-Karabakh said they’d disband their unrecognized administration and hand power to Azerbaijan after more than half the disputed region’s population fled.
A government shutdown would slow the pace of replacing weapons stockpiles sent to Ukraine, the Defense Department’s comptroller said, especially if new money for the war against Russia is left out of the ultimate spending package.
