Bloomberg Business

(Bloomberg) — Bundesbank Bank President Joachim Nagel signaled he’d be in favor of raising reserve requirements after the European Central Bank stopped paying interest on them. 

Wildfires have cost Europe an estimated €4.1 billion ($4.43 billion) in damages so far this year, as extreme heat seared the Mediterranean from Greece to Spain this summer.

A Hungarian entrepreneur critical of Viktor Orban is acquiring a minority stake in the Polish publisher of influential newspaper Rzeczpospolita weeks ahead of a tightly contested national election.

(Bloomberg) — The Kazakh president dismissed Galymzhan Pirmatov as central bank governor and named Timur Suleimenov to replace the official who led the institution after riots shook the country over a year ago.

South Africa’s diesel price will this week climb by the most in three years, spurred by higher international fuels costs and a slump in the rand, adding to upside risks to inflation. Gasoline pump costs will increase by the most in 14 months.

Ontario housing minister Steve Clark resigned from his position in the province’s cabinet after an ethics watchdog found he violated integrity rules as part of his department’s efforts to build homes on previously protected lands.

Africa’s first verifiable emissions reduction platform has begun operations with a carbon futures transaction of more than two million credits, a record for offsets issued on the continent.

This year’s US stock market rally is strong enough to withstand another leg higher for bond yields, according to the latest Markets Live Pulse survey.