Bloomberg Top News

Nordstrom Inc. plans to give up its store in downtown San Francisco, becoming the latest retailer to depart the area as the city struggles with emptied office buildings and crime concerns.

Wheat held near a two-year low as officials from the Black Sea region agreed to negotiate the continuation of the Ukraine grain deal, before a looming Russian deadline for leaving the pact.

China and Vietnam have tumbled to join North Korea at the very bottom of the latest World Press Freedom Index, while Russia also moved lower.

UK economists expect just one more quarter-point rate hike from the Bank of England even though inflation is stuck in double digits and investors are bracing for a round of increases lasting through the summer.

Russia launched attacks on several cities overnight using Iranian Shahed drones, most of which were shot down by air-defense systems, local officials said.

Higher interest rates and lower loan impairments flattered Lloyds Banking Group Plc’s earnings in the first quarter, as the lender said the benefits from higher interest rates have likely peaked.

Vietnam’s production of robusta coffee likely shrank this year to the smallest in four years as farmers focused more on growing durians and their attention was drawn away by a local property boom.

Deutsche Lufthansa AG said a third of its Airbus SE A220 fleet in Zurich has been temporarily grounded because of issues with Pratt & Whitney engines, the latest sign of airlines wrestling with defects ahead of the crucial summer travel season.

Oil dropped below $70 a barrel and US regional lenders slumped as the prospect of a recession and worries about financial stability weighed on markets ahead of the Federal Reserve’s rate decision.