Bloomberg Business

It has been, by almost any measure, an extraordinary few years for the likes of Mercedes-Benz Group AG and Renault SA: Soaring vehicles prices have fueled record profit margins.

Inflation in Turkey’s economic hub, Istanbul, soared in July as the government implemented tax increases on a wide range of goods to address its budget deficit.

Economists are downgrading their forecasts for Hong Kong’s economic growth this year following worse-than-expected data for the second quarter.

More frequent and intense precipitation has emerged as a key impact of rising temperatures, one just as dangerous as heat waves and rising sea levels. 

Atos SE has begun exclusive discussions to sell a legacy division to a private equity firm run by Czech billionaire Daniel Kretinsky, taking another step toward an overhaul that will split the European software firm.

A key gauge of borrowing costs in Saudi Arabia has risen to a record, potentially hitting economic-diversification projects that have become the main driver of growth amid cuts in oil production.

The US tightened entry rules for Hungarians under its visa-waiver program, citing security concerns about a fast-track naturalization plan Prime Minister Viktor Orban put in place for people living outside Hungary’s borders.

Over and over, Jerome Powell, chairman of the Federal Reserve, hammered the point home: Inflation wasn’t high enough. It needed to keep rising, he told reporters, and then stay elevated to help convince him and his colleagues that the economy was recovering from the pandemic shock. Until then, there would be no interest-rate hikes.

There’s a shift in tone happening across Wall Street.

US and European officials are growing increasingly concerned about China’s accelerated push into the production of older-generation semiconductors and are debating new strategies to contain the country’s expansion.