(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.”
Cathay Pacific Airways Ltd. expects to suspend Hong Kong flights from Friday afternoon through Saturday morning as Super Typhoon Saola nears the Asian financial hub, according to a person familiar with the situation.
Prime Minister Giorgia Meloni’s coalition is considering selling minority stakes in selected state-owned companies to boost Italy’s public finances.
Turkey and Egypt have gone from underdogs to unlikely havens as emerging-market stocks endured the worst August since 2015.
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.
The cool, wet weather that’s predominating across northern Europe as August draws to a close will give way to higher temperatures over the weekend.
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.
Germany supplied another 10 Leopard 1 A5 battle tanks to Ukraine, the government said in a statement. That makes 20 in total out of a promised 90 jointly financed with Denmark.
Billionaire Mike Ashley’s retail empire Frasers Group Plc raised its stake in online fashion chain Boohoo again since first investing in June, arguably taking advantage of the company’s depressed valuation. The move comes after Frasers last week disclosed a higher stake in Boohoo rival Asos, stoking takeover speculation.
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.
