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Mondi firms on finalisation of Russian exit

4 Oct 2023 /  Suren Naidoo
Group says the net proceeds from the sale will be distributed to its shareholders.

At least 21 killed after bus falls off bridge near Venice

4 Oct 2023 /  Chiara Albanese and Tommaso Ebhardt, Bloomberg
The bus caught fire after falling off an overpass near the Mestre railway station on the mainland across from Venice.

Yellen says higher-for-longer scenario is ‘by no means a given’

4 Oct 2023 /  Viktoria Dendrinou and Christopher Condon, Bloomberg
Yellen also said that it’s critical to maintain a 'sustainable fiscal policy.'

Rouble sinks back to 100 versus dollar in new headache for Russia

3 Oct 2023 /  Bloomberg News
Russia’s currency weakened as much as 0.5% to 100.255 against the greenback, before trading at 99.94 as of 7:22 a.m. in Moscow on Tuesday.

Fed’s Mester says one more rate hike may be needed this year

3 Oct 2023 /  Jonnelle Marte, Bloomberg
'Whether the fed funds rate needs to go higher than its current level and for how long policy needs to remain restrictive will depend on how the economy evolves relative to the outlook,' she said.

Soaring sugar prices hit African nations the hardest

2 Oct 2023 /  Mumbi Gitau, Bloomberg
Disappointing harvests from some of the world’s biggest producers have pushed wholesale prices near the highest in more than 12 years in September.

Fed and ECB tread hopefully into final stretch of 2023

2 Oct 2023 /  Craig Stirling and Vince Golle, Bloomberg
Elsewhere, several central-bank decisions are due around the world, with rates likely to be unchanged from Australia to India.

Why people fleeing environmental disasters should be recognised as refugees

1 Oct 2023 /  Cristiano d'Orsi
Without refugee status, those forced to move across borders due to weather events may not receive valuable support.

UBS takes lead in $50bn bond market left by Credit Suisse

28 Sep 2023 /  Abhinav Ramnarayan and Helene Durand, Bloomberg
'We have indeed seen a lot of new issuance year-on-year and in that sense the collapse of Credit Suisse has not had any impact on the primary market so far,' said Markus Thoeny.

China puts Evergrande’s billionaire founder under police control

27 Sep 2023 /  Bloomberg News
Evergrande sits at the center of a years-long property crisis that has hurt the Chinese economy and hammered confidence in the housing market.

Teetering China property giants undercut Xi’s revival push

26 Sep 2023 /  Bloomberg News
'Any setback in the process will negatively affect the still very fragile market sentiment of almost all players in the sector and defeat the policy purpose,' said Zhi Wei Feng.

Passalacqua in Italy’s Lake Como is named best hotel in the world

24 Sep 2023 /  Nikki Ekstein, Bloomberg
The tiny, 24-room hotel only just opened in June 2022 after a years-long restoration to its 18th century building.

World disappointed by the UN now looks elsewhere for answers

23 Sep 2023 /  Iain Marlow, Bloomberg
If the countries that dominate the UN keep resisting reform, the global south will have no choice but to seek options outside the UN system.

What is COP28 and why is it important?

23 Sep 2023 /  Jess Shankleman
On the agenda: everything from cutting greenhouse gas emissions, to adapting to extreme weather events, trading carbon emissions and gender inequality.

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