Bloomberg Surveillance

A shifting global order marked by upended supply chains and unstable alliances is forcing so-called middle-power countries to chart new paths of survival.

US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections.

The European Central Bank may need to raise interest rates again because data suggest price pressures keep building, Governing Council member Gediminas Simkus said.

The IMF warns that high yields and large debts combine to set a trap for governments.

New figures Wednesday showed China is on track for another record trade surplus this year

Uganda’s shilling flipped from laggard to best performer in the world on Wednesday after the central bank raised its benchmark interest rate by the most in 15 years at an emergency meeting to defend the currency, after it fell to a record low.

Even small tweaks in the economic forecasts being prepared for UK Chancellor of the Exchequer John Healey could be the difference between a painful or painless budget this month.

Slovakia’s parliament backed a budget for next year criticized by the opposition and fiscal watchdog as Prime Minister Robert Fico looks set to seek a fifth term in office.

Commerzbank CEO Bettina Orlopp said UniCredit is set to get a crucial nod from the European Central Bank “in the next days or weeks,” paving the way for the Italian lender to take control of its German rival. Speaking to Bloomberg's Lisa Abramowicz in Bangkok, Orlopp also discusses the lender's Asia business. (Source: Bloomberg)

Bank of England Governor Andrew Bailey urged social media companies to take greater responsibility for criminal activity on their platforms.

A worsening energy shock could wipe out Italy’s economic growth next year, with high power prices and European Union carbon costs hurting industrial competitiveness, according to the country’s largest business lobby.

The UK government needs to level with the public that departmental cuts will be needed to pay for higher defense spending, the International Monetary Fund warned.

Morgan Stanley expects South Africa to reinstate fuel-tax relief measures for three months to cushion consumers from surging oil prices in next week’s budget, along with details of a long-awaited rule to keep government finances on a sustainable path.

The head of the IMF said US Treasury Secretary Scott Bessent’s plan to grow the economy out of its mounting debt and fiscal deficit problems won’t work fast enough.

The European Central Bank will likely need to raise interest rates further, according to Governing Council member Pierre Wunsch.

Swiss citizens are leaning toward rejecting an increase in value-added tax to fund higher pensions, sending the government back to the drawing board on how to finance the measure.

Elevated euro-area inflation driven by high energy prices is yet to feed into the broader economy, according to European Central Bank President Christine Lagarde.

China’s export growth surged the most since February to drive global imbalances to new highs, with its trade surplus this year on track to exceed the $1.2 trillion record set in 2025.