Swedish Landlord SBB Weighs Breakup After Property Slump
The embattled company at the center of Sweden’s property crisis is considering breaking itself up after its shares collapsed amid mounting concerns around the firm’s $8 billion debt pile.
Bloomberg Business
Gas Price Plunge Brings Relief to Europe After Energy Panic
European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
Bitcoin Jumps to More Than Two-Week High on Relief Over US Debt Ceiling
Bitcoin climbed to the highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the US debt limit.
The Frantic Push to Solve Sovereign Debt Crises Irks Wall Street
A shakeup is brewing in the $1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.
Singapore Air, Garuda to Deepen Ties and Grow Regional Routes
Singapore Airlines Ltd. and PT Garuda Indonesia are seeking to deepen ties with a commercial pact to coordinate on fares and flight schedules, the carriers announced Monday.
World’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion Rally
In a two-hour presentation in Taiwan, Nvidia Corp. Chief Executive Officer Jensen Huang unveiled a new batch of products and services tied to artificial intelligence, looking to capitalize on a frenzy that has made his company the world’s most valuable chipmaker.
Smartwatch Maker in Talks to Raise Funds to Expand India Push
Smartwatch brand Noise is in talks for its first-ever fundraising round, as it competes for the top spot in the fast-growing Indian market.
US, Japan, Philippines to Hold Drills Amid China Tensions
The US will hold joint exercises with Coast Guards from Japan and the Philippines for the first time starting this week amid elevated tensions with China in the region.
China Considers Tax Breaks for Manufacturers as Economy Cools
China is considering new tax incentives for high-end manufacturing companies, according to a person familiar with the matter, as Beijing seeks to bolster the economy and encourage more innovation in technology to counter US competition.
Saudi Net Reserves Fall to $410 Billion, Lowest Since 2010
Saudi Arabia’s foreign reserves fell in April to the lowest in more than 13 years, in an apparent sign the kingdom hasn’t yet used last year’s $326 billion oil windfall to top up the central bank’s holdings.
