There’s a New Way to Prove a $1,500 Designer Bag Is Real
Luxury houses are now tracking the authenticity and origin of their most-coveted products using crypto’s underlying technology.
Bloomberg Business
India Protests New China Map Claiming Territory Before G-20
New Delhi lodged a diplomatic protest with Beijing over the publication of an official map that shows China claiming Indian territory in the Himalayas, a sign that tensions over a border dispute are simmering before a major summit next month.
Eastern Europe Hit by Heat Wave as Storms Lash West of Region
The heat that’s baked the Mediterranean this summer has shifted to eastern Europe, with temperatures exceeding 39C (102F) in Moldova on Tuesday.
China Moves to Stabilize Finances of Troubled Shadow Bank
China has asked two of the nation’s biggest financial firms to examine the books of Zhongrong International Trust Co., potentially paving the way for a state-led rescue of the troubled shadow lender, according to people familiar with the matter.
China Stocks Edge Higher as Banks Weigh Cut to Mortgage Rates
A sense of stability seems to be returning to Chinese stocks after weeks of turbulence, thanks to a raft of policy steps by authorities to revitalize markets.
Xi Demands Answers About Flood Deaths as Five Detained for Lying
Chinese leader Xi Jinping called for a probe into flooding at a work site in the southwest that killed four people and left another 48 missing as officials are still seeking answers more than a week after the incident.
Italy’s Meloni Softens Rhetoric on Banks, Says China Ties Solid
Italian Prime Minister Giorgia Meloni softened her tone on plans to impose a windfall tax on banks and on her right-wing administration’s activism in the corporate arena, after a series of recent moves called into question her business-friendly approach.
Soldiers Seize Power in OPEC Member Gabon in Latest African Coup
Soldiers seized power in OPEC member Gabon, four days after the central African nation held disputed presidential elections. The nation’s dollar bonds sank.
Saudi Jet Lessor Aims to Double Fleet After StanChart Deal
Saudi Arabian jet lessor AviLease is seeking to double its fleet by 2030, supported by its owner, the kingdom’s wealth fund, which plans to pump in billions of dollars of capital over the next few years.
Cash Flush Woolworths Looks to Expand South African Food Unit
Woolworths Holdings Ltd. plans to expand its South African food unit after the sale of Australia’s oldest department store chain, David Jones, removed about 18 billion rand ($969 million) in liabilities.