Sri Lanka’s economy likely shrank at a slower pace last quarter as a rebound in tourism and some industrial activity were the bright spots in a country grappling with still-elevated borrowing costs and higher taxes.
A Berkshire Hathaway Inc. energy unit’s $87 million hit this week in a first-of-its-kind trial blaming the company for massive wildfires in Oregon is poised to grow into the billions when thousands of additional victims pursue claims for damages.
The world is awash in rice with global stockpiles at close to record levels. El Niño’s arrival will put those reserves to the test.
Australia’s government will intervene to block the construction of a new Russian embassy in its capital Canberra, potentially ending a long-running clash between the two sides over a controversial land lease.
Asian stocks and emerging-markets currencies should be resilient while short-end bond yields are likely to move higher.
The Japanese automaker is developing EVs with manual transmissions and vehicles that behave like different cars.
The manager of Harvard Medical School’s morgue was indicted on federal charges he stole body parts as part of a human-remains trafficking conspiracy involving his wife and others.
Fast-casual restaurant chain Cava Group Inc. exceeded its target by raising $318 million in an initial public offering, the biggest listing on a US exchange in six weeks.
Colombia increased its target for bond auctions this year as lower crude prices and weaker economic growth widen the fiscal gap.
The US Federal Reserve will unveil on June 28 the results of its annual stress tests, which examine banks’ ability to withstand crises.
