All events

The Bank of England could temporarily tolerate inflation staying above its 2% target in order to support the UK’s weak economy, Governor Andrew Bailey said, so long as second-round price effects do not emerge. “Given the context of softness in the real economy and uncertainty around the scale and duration of the shock, tolerating temporarily above-target inflation to provide some support for the real economy is an appropriate way to approach the trade-off,” Bailey said at an economic conference in Reykjavík, Iceland. (Source: Bloomberg)

S&P 500 set to gain for a ninth straight week as AI trade powers on.

When US President Donald Trump returned from Beijing earlier this month, he hailed his visit as a historic breakthrough, trumpeting “fantastic trade deals” he sealed and boasting about his close ties with Chinese leader Xi Jinping. But on the margins, Beijing had sought to extract a price by pushing Washington for concessions on Taiwan. According to people familiar with the matter, Beijing pressed Washington to reduce the size of the arms packages sold to Taiwan and slow the pace of approvals,...

Surprise fall driven by weak domestic demand and drop in exports

Grain exports from Russia amounted to around 53 mln tons in the previous agricultural season

Nomura downgraded Cummins India to “Neutral” despite raising its target price by 25%, citing stretched valuations and near-term margin pressure from rising commodity costs. While the brokerage remains optimistic about long-term growth driven by data centres and emission norm upgrades, it believes the current valuation leaves limited room for further upside.

Elham Credit Partners is planning its second Asia Pacific-focused fund, according to people familiar with the matter, underscoring sustained investor demand in the region even as the global $1.8 trillion industry grapples with mounting challenges.

European Central Bank Governing Council member Fabio Panetta acknowledged the case for an interest-rate hike while urging colleagues not to flag subsequent tightening.

Russia plans to impose temporary restrictions on the import of certain berries and fresh vegetables from Armenia starting May 30, 2026

The cargo contains 280 tons of wheat and 277 tons of fertilizers

The volume of foreign currency purchases on the domestic market with settlements on May 27 also amounted to $16.93 mln

Currently, the CPC is capable of transporting 82 mln tons of oil

The growing signs that governments are running out of fiscal room.

Wuxi Taclink Optoelectronics Technology Co. is considering a listing in Singapore, a potential first for any company that already trades shares in mainland China, according to people familiar with the matter.

Investors pulled money from US spot-Bitcoin exchange-traded funds for a ninth straight session, the longest run of withdrawals since the products debuted, underscoring a cooling in demand for the largest cryptocurrency even as broader risk assets rally.

Chinese President Xi Jinping hosted the leaders of Russia, Serbia, Tajikistan and the US during May, reflecting Beijing’s increasing importance on the global stage. In total, 15 national leaders have visited the Chinese capital this year, also including the prime ministers of Canada, Spain and the UK, and the chancellor of Germany. Xi’s May summit with US President Donald Trump could be the first of four meetings between the pair this year. Trump has invited Xi to the White House in late...

Joumanna Bercetche, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)

The Iran war may push medium-term inflation expectations among euro-area consumers higher, according to a European Central Bank blog post that appears to underpin the case for hiking interest rates.

A pair of children’s shoes is an odd place to look for the changing dynamics of American power. But stick with me because, after the past year, it is one of the clearest places to see them.Long before those shoes reach a store shelf, tariffs have raised the cost of materials, components, and importation. Oil touches nearly everything else: synthetic fabrics, foam, adhesives, packaging, and freight. When both shocks arrive together, companies cut margins, cut orders, cheapen materials, delay investment, and eventually pass the pain on to consumers. Now, multiply that across the economy, and you start to see the The post Glass Jaw? The New Economic Fragility Recasting American Power appeared first on War on the Rocks .

The Global Prosperity Summit 2026 (GPS 2026) highlighted Hong Kong’s expanding role in international and regional cooperation both within China’s Global Governance Initiative as well as Apec, ahead of a meeting of the bloc’s economic leaders in neighbouring Shenzhen later this year. The two-day event, which ran from May 19 to 20, brought together global leaders and renowned experts in Hong Kong to exchange insights on issues affecting the city’s future and global prosperity. Ambassador Han...

French inflation quickened to the highest level in more than two years, backing a first increase in interest rates by the European Central Bank since 2023.

Catch up with the most important stories from around Europe and beyond this May 29th, 2026 - latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

Ashok Leyland's shares dipped 2% despite a 14% YoY rise in net profit to Rs 1,291 crore for Q4 FY26. Revenue grew over 17% to Rs 17,246 crore. Analysts remain cautious, citing diesel price hikes and commodity inflation as headwinds, with mixed target price adjustments.

Indian stock markets opened muted but recovered on Thursday morning. Investors assessed Middle East political developments. Declining oil prices provided a boost. IT stocks led gains on the Sensex. Broader markets also traded in the green. Foreign investors remained net sellers of Indian equities on Wednesday.

Asian central banks are turning to ever more aggressive interest-rate hikes to shore up currencies, though there are few signs of success.

Digital spaces and molecular bonds may not seem to have much in common. But for two leading academics at Hong Kong Baptist University, both fields reveal how research can lead to important discoveries that have a real-world impact. Christy Cheung, chair professor in information systems and digital innovation management at the School of Business, is studying the human side of technology, from platform safety and online deviance to digital wellness. Professor Wang Jun, based at the university’s...