Bloomberg Business

A payment-technology company that had some of the world’s biggest banks as backers has fired its chief executive officer amid allegations of sexual assault and harassment.

The biggest deal of the year has thrown up a much-needed win for the US’s major investment banks — and one of its smallest.

US Space Force has temporarily banned the use of web-based generative artificial intelligence tools and so-called large language models that power them, citing data security and other concerns, according to a memo seen by Bloomberg News.

China reached a tentative debt agreement with Sri Lanka, front-running separate talks the International Monetary Fund and other creditors are holding with the South Asian nation and catching them by surprise.

There is a new buyer in Europe’s ESG corporate bond market as the European Investment Bank starts taking a bumper share of new green bond sales.

Finnish investigators said that a gas pipeline in the Gulf of Finland was most likely ruptured by a deliberate act of force rather than an explosion.

Brazil will keep importing Russian diesel as long as it helps to contain fuel prices for Brazilian motorists, Mines and Energy Minister Alexandre Silveira said in an interview.

A group of senators led by Democrat Elizabeth Warren and Independent Angus King is pushing US tax officials to move up the start date for crypto brokerages and exchanges to report information on their clients’ transactions to the government.

Israel formed a rare emergency government with a key opposition member on Wednesday to see the country through its war with Hamas.