Bloomberg Business

Norway May Deliver the Last Hike as Economy Ebbs

Norway’s central bank is poised to raise its key interest rate for the eighth time on Thursday in what could be the last increase in borrowing costs for the Nordic country teetering on the brink of a recession.

China Emphasizes Domestic Demand in New 12-Year Growth Plan

China plans to expand domestic demand so that it plays a greater role in economic growth as the country recovers from Covid, state media reported, saying external conditions have become “complex and grave.”

China Sends Official Xi Sidelined to Visit Protest-Hit Iran

China sent an official who was recently removed from the top echelons of power to meet Iranian President Ebrahim Raisi, a sign Beijing is keeping its distance from the Middle Eastern nation as it deals with widespread unrest.

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