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The UK’s exit from the European Union is partly responsible for the bloc’s failure to integrate its capital markets, the European Investment Bank president said.
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UK Prime Minister Keir Starmer raised expectations that Britain has resolved a trade impasse with India, when he and Indian Prime Minister Narendra Modi were caught on a microphone at the G7 summit in France saying some form of agreement had been reached.
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A third fully-loaded crude tanker has left the Iranian port of Chabahar and crossed the US blockade line heading toward Asia, just days before the planned signing of a ceasefire that will give Tehran the right to sell oil immediately.
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India’s rupee rallied to the strongest level in six weeks, fueling bets the currency can extend gains helped by the authorities’ steps this month to boost foreign-currency inflows.
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Athens International Airport SA and TAP Air Portugal are adding to a record start to the year for borrowing by the aviation sector globally, as the industry looks to navigate the impact of the Middle East war.
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BMW said its profit margin will fall to as little as 1% this year as weakening Chinese demand and fallout from the Middle East conflict take a growing toll. The German automaker plans additional cost savings beyond those already announced. Danny Lee reports on Bloomberg Television. (Source: Bloomberg)