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British Steel Ltd.’s three-year run ended as one of the U.K.’s only two main steel producers collapsed on Wednesday, putting 5,000 jobs at risk.
Zambia’s central bank raised its key interest rate for the first time since November 2015 in a bid to stabilize its currency, which is the world’s fourth-worst performer against the dollar this year.
Central banks across Asia are moving to defend their currencies from recent declines as escalating trade tensions between the U.S. and China weigh down exports and economic growth.
German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers.
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