Bloomberg Business

South Korean billionaire Chey Tae-won says there’s a need for companies to diversify away from China so the country can maintain its industrial competitiveness.

Stellantis NV put its vast network of suppliers on notice that the maker of Jeep SUVs is looking for better deals on components in an effort to protect its margins.

Wall Street’s biggest banks are preparing for new regulations that could erase almost all of the $118 billion in excess capital they squirreled away over the past decade, likely crimping shareholder buybacks for years to come.

Jefferies Financial Group Inc. opened an office in São Paulo, Brazil, as the investment bank pushes ahead with its expansion plans in Latin America.

Sweden warned of a deteriorating security situation after disinformation campaigns and Koran burnings fueled hatred against the Nordic country across the Muslim world.

Deutsche Bank AG’s investment arm has set aside €27 million ($30 million) to help settle allegations of greenwashing following two years of investigations that have tarnished its reputation.

Former Thai prime minister Thaksin Shinawatra, who has lived in self-imposed exile for 15 years, is set to return to the Southeast Asian nation next month, a move likely to add to the political chaos that’s gripped the country since a May general election.

Early estimates of the carbon released by the fires far surpass the country’s total emissions in 2021. And fire season isn’t over yet. 

Samsung Electronics Co. introduced the fifth generation of its foldable smartphones on Wednesday, seeking to counter a sluggish market for devices and upcoming rival products from Apple Inc.