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Germany is demanding policy changes by Turkish President Recep Tayyip Erdogan if he wants any help in stabilizing the economy, according to a party ally of Chancellor Angela Merkel. → Read More
Turkish President Recep Tayyip Erdogan said he intends to tighten his grip on the economy and take more responsibility for monetary policy if he wins an election next month. → Read More
Adidas AG Chief Executive Officer Kasper Rorsted distanced himself from comments about slavery by Kanye West but said the company has not discussed dropping the rapper as a designer.“There clearly are some comments we don’t support,” Rorsted said on a call. The company plans to talk with West about the matter, he said in an interview with Bloomberg TV. → Read More
President Cyril Ramaphosa brought his branding of a “new dawn” in South Africa to London as he promised to unveil incentives to attract $100 billion in investment. → Read More
Latvia’s central bank governor dug in over a crisis that’s rocked the tiny Baltic nation, reiterating that he won’t resign in the face of allegations he sought bribes and is instead searching for ways to maintain his role in shaping euro-area monetary policy. → Read More
Europe’s longest-serving bank chief isn’t a bitcoin believer. → Read More
“Very poor growth” will make it difficult for South Africa to improve its fiscal position, S&P Global Ratings said after cutting the nation’s rand debt to junk. → Read More
Markets around the world have become increasingly adept at coping with ceaseless political turmoil, according to Russian central bank Governor Elvira Nabiullina, who knows a thing or two about crisis management. → Read More
Russia would benefit from extending the accord with OPEC to limit oil production, said the country’s finance minister. → Read More
Governor Elvira Nabiullina said Russia’s central bank is set to discuss a reduction in its key interest rate by as much as half a percentage point at a meeting next week after a pause in July but stressed that risks for inflation linger even after it fell below the 4 percent target. → Read More
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for their vessels to plunge as cargoes dwindled. That’s not how it’s played out this time, according to one of Europe’s biggest supertanker operators. → Read More
Trade Secretary Liam Fox, a leading advocate for U.K. departure from the European Union, said he would be “very happy” with a transition period of “a few months” if it maintains stability as Britain quits the bloc. → Read More
U.K. Labour Party leader Jeremy Corbyn will meet with the European Union’s chief Brexit negotiator Michel Barnier next week as he stands ready for a snap election that could make him prime minister. → Read More
Boeing Co. dominated the deal flow at the Paris Air Show, overwhelming rival Airbus SE on the back of Asian demand for the new Max 10, the biggest version of its 737 workhorse. → Read More
Rolls-Royce Holdings Plc is seeking ways to upgrade its engines for Airbus SE’s A380 as the planemaker attempts to win orders for the slow-selling superjumbo jet, the company’s biggest. → Read More
Boeing Co. received more than three dozen pledges to buy the planned Max 10 on the first day of the Paris Air Show, as the U.S. company stretches its 737 workhorse to challenge Airbus SE’s sales lead for the largest single-aisle airliners. → Read More
The U.K. government’s possible shift to a softer position on Brexit that would prioritize the economy over immigration curbs has failed to assuage concerns at Ryanair Holdings Plc and EasyJet Plc about the impact of the split from the European Union. → Read More
German Deputy Finance Minister Jens Spahn said the U.K. can’t escape its financial obligations to the European Union and called on British politicians to restrain harsh Brexit rhetoric that may make talks with the EU more difficult. → Read More
The widening of a U.S. ban on carrying electronic devices aboard aircraft to include flights from Europe would cost airlines in excess of $1 billion, the head of the industry’s global lobby group said. → Read More
Airline lobby group wants role before curbs extend to Europe → Read More