Lady Cobham, the daughter-in-law of the founder of the defence giant Cobham, has warned the UK government it cannot afford to allow British defence firms to fall into foreign hands. Cobham was bought by a US private equity firm in 2020, with Lady Cobham at the time warning the government it should have stepped in […]
A Treasury minister has warned employees not to expect their wages to rise along with the soaring rate of inflation. Simon Clarke said that big increases in salaries to meet the rising cost of living could end up in a 1970s style “inflationary spiral”. This happens when wage rises help push up the cost of […]
Bitcoin rose above $20,000 on Sunday, snapping a 12-day slide. Analysts caution that the respite may be brief: The overall tone remains negative, with monetary tightening providing macro headwinds and crises within crypto raising concerns about widening distress. Joanna Ossinger reports on Bloomberg Television.
BOGOTA/BUCARAMANGA — Leftist Gustavo Petro, a former member of the M-19 guerrilla movement, who has vowed profound social and economic change, won Colombia’s presidency on Sunday, the first progressive to do so in the country’s history. Read More
Janet Yellen said that “unacceptably high” prices are likely to stick with consumers through this year. Mark Cranfield discusses what the Treasury Secretary’s comments mean for the Federal Reserve on Bloomberg Television.
SHANGHAI — China kept its benchmark lending rates for corporate and household loans steady at its June fixing on Monday, matching market expectations. Read More
Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island’s oil refinery and storage terminal, state-owned Refineria di Kòrsou (RdK) said on Sunday. Read More
Jesper Koll, executive director of Monex Group Japan, discusses the outlook for the economy, central bank policy, and financial markets. He speaks with Shery Ahn and Haidi Stroud-Watts on this week’s “Japan Ahead” on “Bloomberg Daybreak: Asia.”
SINGAPORE — Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand. Read More