Bloomberg Business

A second Indonesian state-owned builder is seeking restructuring as the country’s construction push heightens worries about the sector’s ballooning debt burden.

The yuan slid past the key level of 7 per dollar for the first time this year in a further sign the recovery of the world’s second-largest economy from its Covid restrictions is grinding to a halt.

The world’s largest economies boosted policies to fight climate change despite last year’s energy crisis, allaying fears that cutting emissions would be pushed down the priority list amid a scramble for resources.

Siemens AG is reaping the benefits of a deep shift to efficiency-boosting software that helps reduce the carbon footprint of its industrial customers and drives automation among a global shortage of skilled workers.

Watches of Switzerland Group Plc shares fell as much as 12% after reporting that first quarter sales will decline in a sign of potentially less buoyant times for luxury watch retailers.

The US is helping Nigerian security agencies investigate an attack on an American convoy in the West African nation in which at least four people were reportedly killed.

SAP SE, which recently agreed to divest its stake in Qualtrics International Inc., is open to making acquisitions again if they are a “strategic fit,” Chief Financial Officer Dominik Asam said.

Investment banks are split over whether weaker-than-expected Chinese economic data for April redefine the growth outlook for the entire year.

Ex-French President Nicolas Sarkozy lost his bid to overturn a historic criminal conviction, according to Agence France-Presse.

British Land Co. sees early signs that UK real estate values may be bottoming out after marking down the value of its portfolio by 12.3% to £8.9 billion ($11.1 billion) in the year through March. Its shares fell.