Romanian Prime Minister Nicolae Ciuca quit to hand the premiership to a coalition partner in a power-sharing deal aimed at maintaining stability in a country buffeted by political upheaval.
With elections looming next month, the Spanish government of Prime Minister Pedro Sanchez plans to extend tax breaks on staple foods until living costs ease further.
Brazil analysts lowered their inflation estimates from this year through 2026 after central bankers pointed to a “clearer” outlook on consumer prices.
Ukraine has freed more eastern villages in a counteroffensive to recover Russian-occupied areas, according to the Ukrainian military and local media including Suspilne TV. While Moscow hasn’t officially commented, Russian military bloggers acknowledged that Ukrainian forces had taken control of Storozhove and Novodarivka, and said there were clashes on the outskirts of Makarivka. Bloomberg can’t independently verify the claims.
Emerging-market investors are looking at a devaluation of Nigeria’s naira after the suspension of the country’s central bank governor Godwin Emefiele.
Republican presidential candidates face a crucial, early test next month of whether they can raise enough money to sustain their campaigns through party primaries and break away from a growing GOP field.
Support is building for the high-stakes strategy after last year’s crisis
Turkey’s current-account gap unexpectedly widened in April, adding to a record deficit and underscoring the challenge facing President Recep Tayyip Erdogan and new Finance Minister Mehmet Simsek after last month’s elections.
Germany may be forced to wind down or even switch off industrial capacity if Ukraine’s gas transit agreement with Russia isn’t extended after it expires at the end of next year, according to Economy Minister Robert Habeck.
China denied US claims it has spy operations in Cuba, as tensions flare for the second time this year between the world’s two largest economies over Beijing’s alleged global espionage reach.
