August 27

Japan's factory output likely fell back into contraction in July. Check out this week's most compelling political images. Taiwan president says U.S. visits reinforce island's determination to defend itself. UK's Micro Focus shares nearly double after Canada's OpenText agrees $6 bln takeover. What's grabbing the attention of the Bloomberg Crypto team this week (spoiler: there's talk of mayonnaise). Singapore's inflation is set to remain elevated until the first quarter of next year and the central bank will probably tighten further at the October review, according to a Bloomberg survey of economists. It's starting to look like nothing can stop the British pound from sinking to new lows. Iowa's corn fields have been "underwhelming," "disappointing," and just "not great". Here's why British beachgoers are checking for sewage warnings at their local swimming spots this weekend. "The Fed's problem is bigger than the problem of a year ago because the labor market is too tight," says Bill Dudley, Bloomberg Opinion columnist and former NY Fed President. The unprecedented surge in energy costs is fueling inflation and threatening the finances of households and businesses across Europe. Lloyds Banking Group finalises leadership revamp. Billionaire Mukesh Ambani's Reliance is the mystery buyer of Dubai's most expensive home, an $80 million beachside villa, sources say. Former President Donald Trump's lawyers said Friday's release of a redacted FBI affidavit underscores the importance of appointing a neutral third party to review documents seized during the search of his Mar-a-Lago estate. India could add as much as 7.3% to its GDP and create 20 million jobs by 2032 if it moves up the timeline to achieve net zero emissions two decades ahead of its stated target of 2070, according to a new report. Britain's Prince Harry was back in the saddle, competing in a polo match for charity in Carbondale, Colorado. Carson Block hit back at a former researcher suing him for a share of a $14 million SEC whistle-blower award, calling the claims "meritless" in his own lawsuit. J&J must face Kentucky woman's claim that mesh caused 'debilitating' pain. South Korean clean-energy companies are major foreign winners from Washington's landmark climate law as they benefit from tax credits and a turn away from China. Dealing with inflation now an urgent issue, BIS chief says. Why are airport lounges so crowded. Blame premium credit card perks. Months before FBI agents executed a search warrant at Trump's home, his lawyer told a top DOJ official that the law was on their side when it came to how he'd handled classified information. Powell said restoring inflation to the 2% target is the central bank's "overarching focus right now" even though consumers and businesses will feel economic pain. The true value of the crypto market isn't what its believers suggest, but it's nothing to sneer at, either. Factbox: Britain's Princess Diana, who died 25 years ago. Jay Powell means business. India's central bank missing its price mandate is disappointing and price gains returning to target will be tied to the easing global inflation, according to a member of its rate-setting committee. Relatives of 43 missing Ayotzinapa students march to demand justice. Former congressman Stephen Stockman's arrest over fraud charges ended an effort by the UAE to convince the U.S., with the help of a wealthy real estate investor, to name him an ambassador during Donald Trump's presidency, prosecutors said. A year after nearly 400 Afghan refugees fled the Taliban takeover to settle in South Korea, many have swapped white-collar dreams for factory jobs and have struggled with language and cultural challenges as they build their new lives. Shahpoor Ahmad Azimi is among them . Taiwan president says U.S. visits reinforce determination to defend itself. "While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation," Fed Chair Jerome Powell says at Jackson Hole. Follow the latest updates from Russia's invasion of Ukraine. Japan is set to approve what could be its biggest increase in defense outlays since the end of the war, putting it on a path to become one of the world's top military spenders. The divide between London and the rest of England has deepened as exam results released this month confirm a widening education gap between the north and south of the country. The UK's energy industry regulator hikes the cap on domestic energy bills, intensifying a cost-of-living crisis for millions and pitching many into fuel poverty.

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