Bloomberg Business

Israel Orders Crackdown on Palestinian Flags as Tensions Simmer

A top official in Benjamin Netanyahu’s new right-wing government said he had ordered Israeli police to crack down on the public display of Palestinian flags, days after he stirred tensions by visiting a holy site in Jerusalem.

Biden, AMLO, Trudeau Aim to Ease Tension Over Migration

Mexican President Andres Manuel Lopez Obrador will welcome US President Joe Biden and Canadian Prime Minister Justin Trudeau to Mexico City on Monday for a summit aimed in part at easing tensions over migration and drug smuggling.

Banks’ Bad Loan Provisions, Housing Market Fears: US Earnings Week Ahead

The major US banks will set the stage for a new year fraught with economic fears and a new earnings season when they deliver fourth-quarter results starting Friday. As recession has increasingly become a question of “when” not “if”, investors will focus on the financial institutions’ outlooks, particularly the level of bad loan provisions they set aside as they brace for worsening economic conditions in the US. Consensus estimates show investment banking may continue to suffer before rebounding

Cornwall Channels Cape Canaveral With First UK Space Shot

The small group of nations to have sent rockets into the sky from their own soil is about to gain a new member as Britain makes its first-ever launch from a seaside town better known for surfing and sandy beaches than space adventures.

UK Tory Panel Calls for Urgent Action to Reduce Energy Use

The UK government needs to take “urgent action” to curb household energy consumption to keep the lights on at affordable prices while reducing reliance on fossil fuels, members of the ruling Conservative Party said.

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