LVMH Chief Executive Officer Bernard Arnault kicked off his tour of China with a visit to a high-end shopping mall, with the billionaire’s efforts to woo Chinese consumers coinciding with the government’s push to build ties with foreign companies.
BHP Group Ltd. is calling for Australia to lift a longstanding ban on nuclear power as the country moves to decarbonize its electricity system.
Oil trader Pierre Andurand’s losses deepened this month, with his hedge fund slumping to its worst-ever phase of decline.
(Bloomberg) — Some hawkish European Central Bank officials are pondering options to speed up the reduction of the institution’s €5 trillion ($5.5 trillion) stash of bonds, according to people familiar with the debate.
Nestle SA has abandoned pledges to make major brands including KitKat and Perrier carbon neutral, joining a nascent corporate pushback against programs that let polluters compensate for their own greenhouse gas emissions by investing in efforts to reduce them elsewhere.
Italy’s inflation rate dropped to a 14-month low in June, offering limited reassurance to the European Central Bank about weakening cost pressures before data for the region as a whole later this week.
Three of the major US transportation safety agencies are without permanent leaders as the nation contends with toxic railway spills, near-collisions on runways and surging traffic deaths.
A Singapore government review into colonial bungalows rented by two ministers found no evidence of corruption or criminal wrongdoing after the opposition questioned whether the officials were paying less than market rates for the properties.
Pakistan is in talks with the International Monetary Fund for a new $2.5 billion quick standby assistance as the existing program expires on June 30, the Dawn newspaper reported Wednesday, citing people it didn’t identify.
Japanese policymakers and business leaders appear far more sanguine about the recent slide in the yen than they were about last year’s intervention-triggering collapse — a sign they see the weakness as temporary.
