Bloomberg Business

Shell Plc sees a long-term role for natural gas in the world’s energy mix and aims to expand in key growth markets as Chief Executive Officer Wael Sawan revises the company’s strategy.

Turkey’s current-account gap unexpectedly widened in April, adding to a record deficit and underscoring the challenge facing President Recep Tayyip Erdogan and new Finance Minister Mehmet Simsek after last month’s elections.

Germany may be forced to wind down or even switch off industrial capacity if Ukraine’s gas transit agreement with Russia isn’t extended after it expires at the end of next year, according to Economy Minister Robert Habeck.

Volkswagen AG is set to outline broad plans to lift returns across its stable of mass-market brands as the carmaker seeks savings in the costly transition to electric cars.

It was classic Boris Johnson to be on a trip to Cairo when he lobbed yet another political grenade at his enemies in the UK Conservative Party. Since he was ousted by them almost a year ago, the former premier has been determined to retain the clout of a leader and expand the narrative of betrayal — pocketing hundreds of thousands for appearances in the process.

President Vladimir Putin’s invasion of Ukraine has cost Russia tens of billions of dollars as sanctions squeeze its economy and government revenue slumps. Now with the conflict crossing into Russian territory, the price of war is likely to grow even further.

Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that bolsters the case for a pause in their tightening campaign this week.

Nomura Holdings Inc. plans to scale back a brokerage venture with messaging app operator Line Group amid a gloomier outlook for the business.

Iran denied reports it’s in talks with the US over an interim nuclear deal to get sanctions relief.