Blistering summer temperatures are pushing push air conditioner sales to lofty levels in the US, adding billions to companies already eyeing record profits following newly favorable regulations.
Citigroup Inc. told its UK workers it will begin monitoring office attendance data, the latest sign of Wall Street’s increasingly stringent approach to remote work.
Advisers to Chancellor of the Exchequer Jeremy Hunt are increasingly concerned that the Bank of England risks raising interest rates too much in the coming months, potentially pushing the UK into an unnecessary recession.
PJM Interconnection LLC has declared a level one emergency for the 13-state eastern US grid and called on all power plants to operate at full capacity Thursday during a heat wave.
President Vladimir Putin defended Russia’s withdrawal from the Black Sea grain deal at a summit with African leaders whose nations are feeling the impact of rising food prices stoked by his war in Ukraine.
Europe’s oil and gas companies are sticking to multibillion-dollar buyback plans even as their profits tumble from the record highs seen last year.
West Texas Intermediate oil futures rose above $80 a barrel for the first time since April as OPEC+ curbs tighten global supplies and traders bet Federal Reserve interest rates may have peaked.
Central banks across Latin America are about to lead the world toward a wave of easier monetary policy. Traders, it seems, are paying the price as they wait.
An “explosion of private debt” is starting to fuel transactions after a prolonged dealmaking slump, according to Lazard Ltd. Chief Executive Officer Ken Jacobs, whose firm is seeing a rebound in merger fees.
Turkey’s new central bank governor delivered a sobering assessment on inflation but pledged to stick with a “gradual” cycle of monetary tightening despite more than doubling the forecast for price gains.
