Bloomberg Business

Polish state-controlled utilities got offers from the state to buy their carbon-emitting assets, a key part of the plan to speed up the country’s transition toward cleaner energy.

Peru’s economy contracted significantly in May after two months of slow growth, dashing hopes that a slow recovery was underway after the country’s worst political turmoil in decades.

JSW Steel Ltd., India’s largest producer, is considering a bid for as much as a 20% stake in Teck Resources Ltd.’s steelmaking coal business, people with knowledge of the matter said.

Russian President Vladimir Putin spoke with South African counterpart Cyril Ramaphosa and sounded a downbeat note on the Black Sea grain deal that expires on Monday. South Korean President Yoon Suk Yeol said he and President Volodymyr Zelenskiy agreed to a comprehensive package of security, humanitarian and reconstruction aid after their meeting in Kyiv on Saturday. Yoon said his nation will increase non-lethal ammunition support and provide demining equipment, among other things.

UK Energy Minister Grant Shapps is set to meet with the heads of Britain’s biggest supermarkets and energy firms amid worries that waning competition is contributing to higher fuel prices for drivers.

Pfizer Inc.’s proposed $43 billion takeover of Seagen Inc. will face an investigation from the European Union’s merger enforcers as the bloc continues to scrutinize large biotechnology deals.

Character.AI is in discussions with investors about raising an additional round of funding, The Information reports, citing a person with direct knowledge.

Searing temperatures, forest fires and thunderstorm warnings tormented Europe on Saturday as the summer spell of extreme weather gathered pace.

India and the United Arab Emirates agreed to use their respective local currencies for cross-border transactions, as Prime Minister Narendra Modi pushes the rupee’s role on the global stage.