US OKs First Arms Sale for Taiwan Under Program for Nations
The US for the first time approved the transfer of weapons to Taiwan under a program usually reserved for sovereign states, the State Department said Wednesday.
Bloomberg Business
Klarna Shrinks Losses With Sales Growth and Cost-Cutting
Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued to pay back their buy-now-pay-later debts in the face of inflation pressures.
ECB’s Schnabel Sees Worsened Growth Outlook But Prices Stubborn
(Bloomberg) — European Central Bank Executive Board member Isabel Schnabel said growth prospects for the euro area are more dire than officials predicted in June, while underlying inflation remains “stubbornly high.”
Italy Mulls Selling Stakes in State-Owned Firms to Raise Cash
Prime Minister Giorgia Meloni’s coalition is considering selling minority stakes in selected state-owned companies to boost Italy’s public finances.
Xi Jinping Has Yet to Tell India If He’ll Attend G-20 Summit
Chinese President Xi Jinping has yet to confirm to India whether he will attend the Group of 20 summit starting next week in New Delhi, according to Indian officials familiar with the situation.
There’s a Better Way to Fight Wildfires, Indigenous Groups Say
First Nations people are sharing their knowledge on how prevent fires in Australia, promoting skills that are now crucial in the climate-change era.
Ukraine Can Join NATO Once Borders Are Stable, Czech Envoy Says
Ukraine can join NATO when the fighting against Russia ends, its borders are stable and it can contribute to the alliance’s security, the Czech Republic’s envoy to the alliance said.
Ukraine’s Defense Chief May Exit Next Week, Pravda Says
Ukrainian parliament may vote on the exit of Defense Minister Oleksii Reznikov as soon as next week, the Ukrayinska Pravda website reported, citing officials in the cabinet and parliament it didn’t name.
Fed’s Bostic Urges Caution to Avoid Inflicting Unnecessary Pain
Federal Reserve Bank of Atlanta President Raphael Bostic said policymakers need to be cautious not to overtighten monetary policy and risk unnecessary harm to the US labor market.
China’s Factory Activity Sparks Hope Slump Is Bottoming Out
China’s manufacturing contraction eased slightly in August and a gauge of new orders improved, providing some hope that the worst of the sector’s slump may be ending.
