Bloomberg Business

Fashion billionaire Amancio Ortega’s real estate investments recorded a 19% increase in value in 2022, as it expanded into logistics and added luxury apartment buildings.

Wheat futures climbed as Ukraine said Russia fired two Kalibr cruise missiles from a submarine in the Black Sea at Odesa region port infrastructure, damaging equipment at a cargo terminal and increasing concerns over Black Sea grain supplies.

London’s Gatwick Airport escaped a strike that was due to take place over the weekend after more workers agreed to an improved pay offer.

BNP Paribas SA relied on tight cost controls and lower provisions for bad loans in the second quarter to offset a slump in fixed-income trading that was worse than what most peers reported so far.

Chinese smartphone shipments fell 2.1% in the second quarter, extending a market decline that may persist throughout 2023, research house IDC said.

Nestle SA inched up its revenue guidance, forecasting a rebound in consumption after passing peak inflation.

Traders ramped up protection against a surge in the yen as speculation remains alive the Bank of Japan may tweak its ultra-loose monetary policy Friday while other central banks eye an end to aggressive rate hikes.

BNP Paribas SA is set to become the latest bank to pay a fine over the use of unapproved electronic messaging platforms.