Bloomberg Top News

New York City has had to return a “vast majority” of applications from Airbnb Inc. and other short-term rental hosts seeking to register their listings because they were illegal, prompting many hosts to list their property for longer-term stays.

India’s central bank remains “extra vigilant” on inflation and needs to see the rate easing to 4% on a sustained basis, Governor Shaktikanta Das said, signaling interest rates may remain higher for longer.

The UK’s long-maturity bonds slid to send yields to the highest since 1998, on bets that the Bank of England will be forced to keep borrowing costs higher for longer.

The opposition Labour Party overturned huge Conservative majorities to win two parliamentary seats, boosting leader Keir Starmer’s hopes of ousting Rishi Sunak as prime minister in a UK vote expected next year.

American Express Co. hasn’t seen an uptick in attrition so far after a series of changes by its largest partner Delta Air Lines Inc. sparked complaints from the credit-card giant’s customers.

Representative Jim Jordan tried to rally support for his bid to be House speaker early Friday despite entrenched opposition within his party, a group so riven by divisions that they have been unable to choose a leader for more than two weeks.

Ukraine will continue its effort to build support for a peace formula with the so-called Global South as Malta hosts a gathering of senior officials to discuss the blueprint, the third such meeting this year. The Oct. 28-29 event aims to secure the “broadest possible international support” for the 10-point plan, Malta’s foreign ministry said.

The market for sustainability-linked bonds, which is worth more than $250 billion, looks set to witness a rare trigger event as its biggest issuer appears on track to miss a key target tied to the debt.