Bloomberg Business

The Bank of Canada probably isn’t done raising interest rates.

A Federal Reserve Bank of New York index measuring global supply-chain stresses plummeted to a record low last month, indicating the bottlenecks that have helped fuel inflation in recent years may now be largely resolved.

The destruction of a massive dam in Ukraine has opened up a new threat to the Zaporizhzhia nuclear plant, Europe’s largest, which has faced numerous risks since the onset of the war with Russia.

Nigeria spent more than $10 billion in a decade on three oil refineries that produced hardly any fuel, a parliamentary report said.

Demand for industrial park space in the Mexican northern cities of Tijuana and Ciudad Juarez is so high that Prologis Property Mexico SA has wait-listed companies looking to set up shop or to expand their current space.

Chevron Corp. said natural gas will play a long-term role in curbing climate-damaging emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy.

The UK government’s social mobility adviser along with a former Conservative minister added their voices to criticism of the Bank of England pandemic stimulus program, saying it widened the gap between the rich and the poor.

Teck Resources Ltd. received several proposals for deals involving its coal operations, as the Canadian miner works to draw up a new plan for splitting off the business while rejecting a bid from Glencore Plc.

Microsoft Corp. agreed to pay $20 million to settle a US Federal Trade Commission claim that the company illegally collected data from children who signed up to use its Xbox gaming system.

Barclays Plc is seeking to sell about €5 billion ($5.3 billion) of Italian mortgage loans as part of plans to exit retail banking in the country.