Bloomberg Business

President Joe Biden told donors he thinks the US will avoid a potential recession that economists and banks have long been predicting.

When the US first embraced “de-risking” to get Europe on board with measures to deny key technology to China, officials in Beijing dismissed the term as no different than decoupling. Now they are trying a new strategy: Redefine the concept.

The newly appointed chief executive officer of Vedanta Resources Ltd.’s untried display business is seeking to hire global talent to build and run a $4 billion factory in western India.

Alphabet Inc.’s Google has cut jobs at mapping service Waze, the tech giant’s latest move to trim its operations amid a drive for efficiency in Silicon Valley.

Qantas Airways Ltd. overhauled its leadership, including naming a new chief financial officer and creating a role to oversee risk, as the Australian airline prepares for its post-Covid era under incoming Chief Executive Officer Vanessa Hudson.

Rio Tinto Group plans to start building its own batteries at a laboratory in Melbourne later this year to experiment with technologies in the rapidly-growing clean energy sector.

New Zealand’s All Blacks rugby team is drawing on French fashion as it looks to win the Rugby World Cup kicking off in Paris in just over two months.

Microsoft Corp.’s acquisition of Activision Blizzard Inc. will deliver a blow to Sony Group Corp’s console business and give PlayStation gamers a “degraded” experience, an executive with the Japanese electronics giant testified, bolstering the US Federal Trade Commission’s claim that the deal would hinder market competition.

The cost-of-living crisis in the UK has led to an increase in abusive customers and in theft by retail staff, according to a new report.

The UK must develop laws that govern cryptoassets to ensure the country becomes a global hub for cryptocurrencies and non fungible tokens, the Law Commission recommended.