Pakistan’s economic growth slowed sharply to one of the lowest levels in its history as its woes intensify amid record inflation and interest rates, along with a stalled International Monetary Fund bailout.
Food manufacturing sites have been destroyed, aid warehouses looted and markets razed in Sudan’s five-week conflict, according to satellite imagery analyzed by Bloomberg, fueling a growing humanitarian crisis that has left roughly 20 million people in need of assistance.
Cape Town, South Africa’s second-largest city, is in talks with Eskom Holdings SOC Ltd. to take over the supply of electricity in areas of the metro served by the state power utility.
Grab Holdings Ltd. co-founder Tan Hooi Ling is stepping down from her operational roles by the end of the year, more than a decade after she helped start the Singapore-based ride-hailing and food delivery company.
India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.
BHP Group Ltd. is confident China’s troubled property market will turn around in coming months, despite gloomy economic signals pushing iron ore and copper prices back to levels last seen during the Covid Zero era.
Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks to build up central bank reserves in a bid to contain another peso selloff with inflation already running above 100%, according to two people with direct knowledge.
Athens-based Bluehouse attracted money managers for decades with the lure of juicy returns. When those didn’t materialize, hundreds of internal documents turned up instead.
Prime Minister Pedro Sanchez is hoping victory in a local vote this weekend will be a dress rehearsal for December’s general election.
The European Central Bank must lift borrowing costs further to return inflation to its target, Governing Council member Bostjan Vasle told Slovenia’s Delo newspaper.
