Bloomberg Top News

Taiwan’s destabilization would be a “horror scenario,” German Foreign Minister Annalena Baerbock said in a testy public exchange with her Chinese counterpart.

Boeing Co. is pausing deliveries of some 737 Max jets to address a production issue on the rear end of some aircraft, dealing a setback to the US manufacturer just as it ramps up production of the model that’s a major cash cow for the company.

Axcella Health Inc. is seeking funding to carry out an advanced trial of a drug initially found to improve fatigue in long Covid patients.

Sanctions on Russia appear to be working as intended, with oil exports in March the highest since Covid yet revenue down by nearly half from a year earlier, data from the International Energy Agency show.

OPEC+ production cuts are likely to drive up oil prices and inflict more pain on consumers already squeezed by high inflation, the International Energy Agency said.

Sweden’s underlying inflation slowed for the first time in more than a year, raising hopes of a turnaround for the Nordic nation’s households and its central bank, which remains under pressure to raise borrowing costs.

The US is pressing the need for allies to coordinate against economic coercion, not just military threats, as Japan prepares to host top diplomats from the Group of Seven nations amid heightened tensions with China.

Superdry Plc stock plunged after the fashion retailer indicated it’s likely to make a loss this year and said it’s considering a 20% equity raise as it fights for survival.

Taiwan is working with friendly nations on how to respond to a possible economic blockade by China, a scenario that appears more likely than a direct military attack on the island, according to a senior Taiwanese diplomat.