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(Bloomberg) -- Inflation eased in both the US and UK, prompting bets that central banks on both sides of the Atlantic will start cutting interest rates by the middle of next year.Most Read from BloombergBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionXi’s Big Week Ends With Rare Win

Ukraine’s closest European allies are increasingly concerned about the U.S.’s ability to sustain support for Kyiv amid a thorny political spending debate ahead of next year’s presidential elections.

(Bloomberg) -- Poland’s central bank will likely press ahead with interest-rate cuts as inflation ebbs in the first monetary decision since the opposition won a majority in last month’s election. Rates will probably stay on hold in Romania. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Next Year’s iPhone, Ma

(Bloomberg) -- German Chancellor Olaf Scholz warned European Union leaders in a tense, closed-door meeting that it’s time to get serious about limiting the bloc’s spending plans as many push for new funding to help Ukraine and address migration.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaChina, US Release Dueling Videos With Accusations of ProvocationUS Military Attacks Two Syr

As Ukraine reaps a bumper harvest, Russia is targeting the export routes that run from the ports around Odesa.