What does Andy Burnham’s surprise pick for UK chancellor mean for markets?

Alice Atkins explains what to know about former defense secretary John Healey — and why his appointment is raising the prospect of a comeback for war bonds.
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Pakistani Finance Minister Muhammad Aurangzeb discusses the country’s financing needs and economic growth outlook. He speaks with Avril Hong on the sidelines of the IMF and World Bank Annual Meetings in Bangkok.
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Paraguay’s President Santiago Peña says the country is increasing its exports of beef to the US. Peña also says that the US has not allocated a quota for Paraguay beef exports https://bloom.bg/4xNVK9N

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Ford, JPMorgan and the state of Michigan are teaming up to connect manufacturers and startups with capital, customers and government support as the US tries to rebuild supply chains that were moved overseas. Ford CEO Jim Farley says his company will commit $1 billion in purchasing to companies developing capabilities in areas including advanced manufacturing, magnets and rare earths, while JPMorgan Chase CEO Jamie Dimon says the bank will lend capital through its broader security and resiliency push. Michigan’s governor Gretchen Whitmer is hopeful that the partnership will provide more opportunities for the state’s workforce.
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May.11 — It has been more than three months since Myanmar’s military took control of the country in a coup. A Bloomberg investigation found that the country’s generals are running a nearly sanction-proof business empire. Oanh Ha reports on “Bloomberg Markets: Asia.”

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