Bloomberg Business

Amazon.com Inc.’s annual Prime Day shows that e-commerce isn’t the driver it once was for the stock, as investor focus shifts to the company’s faster-growing and profitable cloud-computing unit.

A bearish research report on Chinese banks by Goldman Sachs Group Inc. has drawn fresh criticism from a major lender and one of the nation’s largest macro hedge funds after receiving a backlash from state media.

Anil Agarwal’s $19 billion semiconductor-making ambitions in India were dealt another setback after his Taiwanese partner decided to part ways with the billionaire’s Vedanta Ltd. on a planned joint venture.

Israel is braced for a new wave of turmoil as Prime Minister Benjamin Netanyahu’s government pushes ahead with a judicial overhaul that has divided the country and spooked investors.

Consumer prices in Egypt soared at a record pace, a reflection of pressures on food costs after the Muslim feast holiday and a pick-up in summer spending.

Axiata Group Bhd., Malaysia’s biggest wireless carrier by revenue, plans to sell stakes in some of its businesses and list its technology units to reduce debt taken to fund the acquisition of telecom assets overseas.

Israel left interest rates unchanged for the first time in over a year, halting a record cycle of monetary tightening despite the threat to inflation from a new bout of currency depreciation.

Australia said it will join German Chancellor Olaf Scholz’s climate club to help expand international cooperation on tackling global warming amid record temperatures.

Gabonese President Ali Bongo announced his candidacy for Aug. 26 elections, seeking to extend his family’s 55-year rule of the tiny oil-rich central African nation.

Ukrainian President Volodymyr Zelenskiy will travel to Vilnius, Lithuania to meet NATO’s leaders at a summit of the military alliance his country is seeking to join.