European Union leaders are backing plans that would impose a windfall tax on profits generated by more than €200 billion ($217 billion) of Russian central bank assets to aid Ukraine’s reconstruction, and will seek the political support of key Group of Seven countries.
A measure of US core services prices that Federal Reserve officials are watching closely posted its smallest advance since July of last year.
Vladimir Lisin has transferred his stakes in Russia’s biggest steelmaker and a rail freight operator to companies registered in Abu Dhabi, the latest example of a billionaire shifting assets to the oil-rich emirate.
Shell Plc’s European renewable power boss Thomas Brostrom has decided to leave the company as the oil supermajor revises its strategy to focus more investment into fossil fuels.
Canada’s economy regained momentum last month, potentially reinforcing the case for a July rate hike even as inflation slowed.
Novartis AG agreed to sell part of its portfolio of eye medicines to Bausch + Lomb Corp. in a deal worth as much as $2.5 billion as the Swiss pharma company focuses on developing new and more lucrative drugs.
Twitter must comply with content-blocking orders from the Indian government after its legal petition was dismissed by a local court Friday.
Brazil’s unemployment rate fell as expected in May, a sign of the prevailing strength of Latin America’s largest economy even as it faces double-digit borrowing costs.
Saudi Arabia is expected to extend its unilateral 1 million barrel-a-day oil output cut for at least another month, as global crude markets remain pressured by economic fears.
Rishi Sunak unveiled his long-awaited plan to recruit record numbers of doctors and nurses, as he seeks to win back voters who blame his ruling UK Conservatives for the crisis facing the National Health Service.
