(Bloomberg) — Klarna Bank AB, which advertises itself as a way to spread the cost of the latest brands and smartphones, is shelling out loans for milk and gas with cash-strapped customers looking for ways to cover basic necessities. Read More
(Bloomberg) — Preparing English breakfasts is around 18% more expensive than a year ago, in yet another indicator of how the cost-of-living crisis is squeezing UK household budgets. Read More
(Bloomberg) — The rand’s 9% plunge in the past month may be just the beginning for the South African currency, whose resilience is being tested by fears of a US recession even as local fundamentals remain supportive. Read More
(Bloomberg) — The Federal Reserve will unveil details of what policy makers debated last month that may shed light on how they view the near-term path for interest rates amid surging inflation and signs of a slowing economy. Read More
(Bloomberg) — The European Union suggested changes to its 20-billion-euros ($20.97 billion) plan to finance a shift away from Russian fossil fuels, seeking to alleviate member states’ concerns over the way funds from a carbon market-based tool will be distributed. Read More
(Bloomberg) — Ecuador President Guillermo Lasso survived an impeachment vote late Tuesday after a hard-left opposition party failed to rally other smaller groups in congress to oust him as his government moved to make concessions to diffuse the political crisis. Read More
(Bloomberg) — A group of countries including Italy are pushing to water down a key element of the European Union’s climate agenda: phasing out the combustion engine by the middle of the next decade. Read More