The European Union and its member states are taking bolder steps to boost national security tools and shore up supplies, edging closer to the US strategy of avoiding over-dependence on China and curtailing the advance of its military capabilities.
French financial prosecutors are conducting searches at the headquarters of the Paris 2024 Olympic Committee and the Games’ venue and infrastructure authority as they investigate allegations of tender violations and favoritism 13 months before the event begins.
China National Petroleum Corp. cut its forecast for the nation’s oil demand this year, as a post-Covid economic recovery continues to disappoint.
Clayton Dubilier & Rice is relocating its headquarters to 550 Madison Ave., the former Sony Building that’s attracted a flurry of finance and luxury fashion tenants.
Quickening wage increases pose a key threat to the euro-area inflation outlook, according to European Central Bank Governing Council member Madis Muller.
A submersible carrying five people to tour the wreck of the Titanic on the Atlantic seabed went missing on Sunday. The dive craft’s command ship lost contact with the submersible and its occupants less than two hours after launch, after which it informed the US Coast Guard.
The European Union’s landmark green deal is at risk of being dragged into “culture wars,” said the bloc’s climate chief Frans Timmermans as he warned that plans to reach net-zero by the middle of the century risk being paralyzed by political division.
Many buyout firms considered hedging against rising interest rates a waste of time and money. Their debt-laden companies are now paying the price.
KKR & Co. agreed to purchase as much as €40 billion ($44 billion) of buy-now-pay-later loan receivables from PayPal Holdings Inc. in a deal that frees up the payments giant to do more share repurchases.
New York Jets quarterback Aaron Rodgers is inviting fans to invest in his Online Sports Database company through a crowdsourcing campaign.
