Bloomberg Business

Egypt was downgraded for the second time this month, as the North African nation struggles with a severe shortage of hard currency.

President Joe Biden said Hamas attacked Israel in part to stymie its efforts to normalize relations with Saudi Arabia, his most illuminating comments yet on the impetus for the crisis in the Middle East.

Mixed martial arts star Francis Ngannou is in the final week of training for his first professional boxing match that will reportedly pay him $10 million, which is 16 times more than his most recent MMA bout.

Taiwan has appointed Taiwan Semiconductor Manufacturing Co. founder Morris Chang as its special envoy to next month’s Asia-Pacific Economic Cooperation summit, where the presidents of the US and China are likely to meet for the first time in almost a year.

The US-led restrictions over advanced chipmaking equipment for Chinese firms will ultimately deter China’s efforts to develop an indigenous semiconductor industry, according to a senior American official responsible for enforcing export controls.

Japanese Prime Minister Fumio Kishida instructed his ruling party executives to consider introducing temporary tax cuts, days before two special elections in which his ruling party faces tough opposition to hold onto its seats.

A top Treasury Department official is heading to Saudi Arabia and Qatar next week to intensify US efforts to cut off financial lifelines to Hamas and discuss humanitarian aid for the Gaza Strip.

House Republicans have dispensed with Jim Jordan as their nominee for the US speakership and now several more representatives are preparing to enter the fray.

Amazon.com Inc. joined companies and investors bowing out of the upcoming Web Summit technology conference in Europe after the event’s leader made controversial comments about Israel.