Bloomberg Business

Major oil and container ports have shut in India as a severe cyclone tracks toward the nation’s west coast near Pakistan.

Natixis SA’s offices in Frankfurt and Munich were raided as part of the sprawling German probe into the Cum-Ex tax dividend scandal that’s ensnared many of the world’s top banks.

Saudi Arabia’s latest oil production cuts are set to tighten global markets sharply next month, data from OPEC show.

Japan is looking to push back a decision on when to raise taxes to cover a major increase in defense spending in a move that could take on extra weight if the premier calls an early election.

British wages shot up and unemployment fell unexpectedly in April, the latest signs that the resilient UK economy continues to defy efforts to cool demand and dampen inflationary pressures.

The Bank of England’s newest rate setter Megan Greene said policy makers were right to raise interest rates in May and that they should “lean against” the risk of more persistent price pressures.

Airbus SE will expand its lead in narrow-body jet manufacturing, the biggest segment of the commercial aircraft market, over the next two decades while US rival Boeing Co. maintains its dominance in widebody sales, according to a new forecast.

Products made in China’s western province of Xinjiang are being sold to US consumers through the online shopping platform Temu, in breach of a US ban that forbids goods from the region due to links to forced labor, according to research by a global supply chain verification firm.