Bloomberg Business

The scandal enveloping UK-based hedge fund manager Crispin Odey and his firm is having consequences as far as Brazil.

The European Union is moving closer to enacting new rules around artificial intelligence — a step that some in the industry say will put necessary safeguards on a powerful technology, and that others believe will hurt the region’s economy.

Federal Reserve Bank of Atlanta President Raphael Bostic made multiple trades leading up to the central bank’s meeting last May, revealing additional transgressions of the central bank’s trading rules that have since been disclosed and are under investigation.

A senior Treasury Department official traveled to Hong Kong last week, in a sign of growing US efforts to revive engagement with China after a broader deterioration of relations between the world’s two largest economies.

Jefferies Financial Group Inc. has hired health-care banker Stas Byhovsky from JPMorgan Chase & Co., according to people familiar with the matter.

MakerDAO, one of the largest decentralized finance protocols, has approved an almost 80% reduction in its holdings of the stablecoin issued by the Winklevoss brothers’ Gemini Trust Co.

Senate Finance Committee Chair Ron Wyden notified top officials with the PGA Tour that he’s opening a wide-ranging probe into the PGA’s surprise tie-up with Saudi Arabia’s Public Investment Fund.

Henry Kissinger, who fled the Nazis with his family as a teenager before returning to Germany as a US soldier during World War II, said the political center of gravity in Europe is shifting inexorably toward Berlin, presenting a fresh challenge to the country’s leadership.

President Vladimir Putin may struggle to hold on to power if the war in Ukraine forces Russia to abandon military aggression and accept a peace deal with Europe, former US Secretary of State Henry Kissinger said.