Britons Risk Extra Energy Bill as Record Debt Worries Ofgem
The amount of money British households owe their energy suppliers jumped to a record £2.6 billion ($3.2 billion) this summer due to surging wholesale prices and the rising cost of living.
Bloomberg Business
Codelco Is Said to Near Buyout of Australia’s Lithium Power
Codelco, the world’s biggest copper producer, is nearing a deal to acquire Lithium Power International Ltd. that could value the Sydney-listed firm at nearly A$315 million ($202 million), according to people familiar with the matter.
China Scours the World for Wheat After Heavy Rains Damage Its Harvest
China is scouring the globe for wheat, with annual imports on track to hit record levels, as buyers scoop up cheap supplies after heavy rains damaged the domestic crop.
Dubai’s Record Rental Surge Is Slowly Starting to Moderate
After more than two years of soaring rents, there’s finally some good news for tenants in Dubai.
TCS Warns of US Tech Spending Weakness After Earnings Disappoint
Tata Consultancy Services Ltd.’s second-quarter profit narrowly missed street estimates, underscoring how worries about an economic slowdown continue to curtail tech spending.
China and India Agree to Maintain Peace Along Disputed Border
China and India agreed to maintain peace along their common border in the 20th round of talks between the neighbors on the worst dispute over the issue in 20 years.
Aster’s India Unit Draws Suitors Valuing Business at $1.5 Billion
Private equity firm BPEA EQT and Ontario Teachers’ Pension Plan Board are among firms considering a deal to acquire Aster DM Healthcare Ltd. assets including its India business, according to people familiar with the matter.
South Korean President Suffers Setback in Seoul Election
South Korean President Yoon Suk Yeol was dealt a blow when a candidate from his conservative party lost a hotly contested election in Seoul that was seen as a gauge for support of his government ahead of national elections in April.
Goldman Sues Malaysia as 1MDB Settlement Dispute Escalates
Goldman Sachs Group Inc. took the unusual step of suing Malaysia in a UK court amid festering disagreement over a settlement tied to its role in the 1MDB investment-fund scandal.
Israel Ups Ante, Vows to Wipe Hamas ‘Off Face of the Earth’
Prime Minister Benjamin Netanyahu, hours after forming an emergency government and wartime cabinet, foreshadowed a major ground attack on Gaza by promising to destroy Hamas.
