Bloomberg Business

Italy’s banks are paying the price for Prime Minister Giorgia Meloni’s need to cater to the more populist elements in her right-wing coalition.

Emerging-market traders shrugged off the latest bad data from China on Wednesday and resumed their hunt for carry returns ahead of central-bank meetings that are expected to confirm that global interest rates will remain high.

Mexico’s inflation decelerated in line with expectations last month but remained elevated when volatile items were not considered, underscoring the central bank’s view that it would be premature to consider easing monetary policy at this week’s meeting.

Hedge funds are betting that stocks in some of the market’s hottest sectors are headed for a fall, amid concern over how long the boom in electric vehicles, luxury goods and artificial intelligence will last.

A Mega Millions player in Florida has scored what lottery officials said could be the largest jackpot of its type with the prize estimated at $1.58 billion.

Novo Nordisk A/S has just reached another milestone in its meteoric rise: the market value of the Danish company has exceeded the size of its domestic economy.

CVC Capital Partners is weighing an initial public offering of Douglas and could seek a value of more than €7 billion ($7.7 billion) for the German perfume retailer, people with knowledge of the matter said.