Bloomberg Business

The Bank of Canada is likely to increase interest rates for a second consecutive meeting, bringing borrowing costs to a level not seen in 22 years.

Egypt agreed to sell $1.9 billion of state assets to local firms and Abu Dhabi wealth fund ADQ, helping boost the country’s dollar bonds with a signal of progress in reviving an economy crippled by a foreign-currency crunch.

The European Union’s sanctioning of Russian billionaire Roman Abramovich for his alleged links to President Putin was a political move by the bloc’s leaders to clamp down on a famous Russian, his lawyer told an EU court.

Extreme heat will continue for much of the Mediterranean into next week, while high temperatures across southern Germany and the Alps will keep pressure on the Rhine.

Walt Disney Co. is weighing options for its television business in India that include either an outright sale or setting up a joint venture with partners as it faces intensifying competition from local rivals in the world’s most populous nation.

A gauge of the dollar’s strength fell to a three-month low before a US inflation report that may reinforce bets the Federal Reserve is nearing the end of its tightening campaign.

Abu Dhabi Investment Authority is discussing joining KKR & Co. on its €23 billion ($25 billion) bid for Telecom Italia SpA’s landline network, people with knowledge of the matter said.

Singapore Prime Minister Lee Hsien Loong said he instructed Transport Minister S. Iswaran to go on leave as the city-state’s anti-graft agency started a probe, the first involving a cabinet minister in almost four decades.