Bloomberg Business

Bank of England rate-setter Megan Greene said the economic impact of climate change could be on the scale of the 1970s oil shock, requiring central bankers to make difficult choices.

Peru’s annual inflation rate may remain above 3% through early 2024 due to an El Nino weather pattern that is already causing spiking food costs, central bank chief Julio Velarde said Thursday.

Federal prosecutors charged a former employee at Goldman Sachs Group Inc. and Blackstone Inc. with securities fraud for allegedly tipping his friends to at least half a dozen deals.

With cargo shipments falling in the post-pandemic era, some shippers have turned to artificial intelligence to boost efficiency. The freight unit of Uber Technologies Inc. has tapped its vast data files to use AI to predict late shipments — and make suggestions for alternative routes.

US stocks rebounded Thursday ahead of an afternoon speech from Federal Reserve Chair Jerome Powell.

A public spending boom and generous tax cuts carried out by Argentina’s Economy Minister Sergio Massa, who’s also running for president in the October election, pose new setbacks to the country’s $44 billion program with the International Monetary Fund, according to the Washington-based lender.

(Bloomberg) — BlackRock Inc. is the latest exchange-traded fund issuer to take aim at the runaway success of JPMorgan Chase & Co.’s biggest active strategy. 

Stellantis NV appointed a new chief for its key Jeep brand, which has been suffering from a slump in US sales and growing inventory levels.

Robert Stheeman, the head of the UK Debt Management Office, will retire next year after helping the country raise over £3 trillion ($3.7 trillion) via bond markets over the past two decades.