Bloomberg Business

China and Australia’s Top Trade Officials to Meet Next Week

Chinese Commerce Minister Wang Wentao and Australian Trade Minister Don Farrell will meet virtually next week for the first time since a change of government in Canberra, a sign of warming diplomatic and economic ties.

Samsung Defies Chip Downturn With Aggressive Capital Spending

Samsung Electronics Co. made a surprisingly aggressive decision to keep capital spending at the same level as last year, defying expectations it would go along with rivals in pulling back to alleviate pressure on an already-battered semiconductor industry.

Why Spanish Pensioners Are Lining Up in the Freezing Cold to Buy Bonds

Every recent weekday morning at dawn, a line has formed outside the 19th century granite headquarters of the Bank of Spain in downtown Madrid. Savers from across the city have come to get their hands on something unheard of for more than a decade: a return of nearly 3%.

Nickel Gets Fresh Supply Risk as Philippines Mulls Export Tax

The Philippines, the world’s second-biggest nickel supplier, may follow neighboring Indonesia by taxing exports of the metal, adding to supply uncertainties as the market adjusts to a wave of new demand from electric vehicles.

UK Tumbles in Corruption Index After a Year of Political Scandal

The UK slipped down a global corruption ranking, with watchdog Transparency International describing public trust as “worryingly low” after a string of political and public spending scandals. The group also highlighted a lack of progress in Russia, Brazil and Qatar.

Strike-Hit Britain Is Starting to Look More Like France

Mass strikes have marked France’s political landscape for years, while post-Thatcher Britain is known for its more flexible labor market. This week, however, the two countries could look similar as widespread protests are mirrored on either side of the English Channel.

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