Bloomberg Top News

UK businesses reported the fastest growth in a year as spending on holidays and entertainment powered a stronger-than-expected pick-up in momentum.

European stocks and US futures struggled for direction amid mixed corporate earnings and as traders parsed the latest data for clues on the outlook for inflation and economic growth.

(Bloomberg) — The European Central Bank should proceed cautiously with any future interest-rate hike as credit growth slows and financial-stability risks persist, Governing Council member Ignazio Visco said.

Dalian Wanda Group Co. has become the latest source of angst in China’s credit market, with dollar bonds of billionaire Wang Jianlin’s conglomerate sinking to distressed levels just months after they were issued.

A former activist shareholder in Barclays Plc has reemerged to raise fresh concerns about the way the bank’s directors handled ex-boss Jes Staley’s links to convicted sex offender Jeffrey Epstein.

Norway’s sovereign wealth fund voted in favor of Teck Resources Ltd.’s plan to spin off its coal business, as the Canadian miner fends off a takeover attempt by larger rival Glencore Plc.

President Joe Biden aims to sign an executive order in the coming weeks that will limit investment in key parts of China’s economy by American businesses, people familiar with the internal deliberations said.

UK household confidence has shot up to its highest level since Russia’s invasion of Ukraine, signaling some optimism for the consumer sector after an especially wet March pushed retail sales down more than expected.

US-based crypto exchange Gemini will set up an engineering hub in India and named its Global Chief Technical Officer Pravjit Tiwana as Asia-Pacific chief executive.

UK Prime Minister Rishi Sunak is weighing a critical decision on the fate of his top deputy, taking longer than expected to respond to the conclusion of an independent investigation into bullying allegations against Dominic Raab.