Bloomberg Business

US homebuilder sentiment unexpectedly rose in May to the highest level in 10 months as limited supply continued to drive prospective buyers toward new construction.

Bharti Airtel Ltd., the wireless phone operator owned by Indian billionaire Sunil Mittal, said efforts by Nigeria to curb rampant kidnappings cost the company an estimated $110 million in annual revenue after authorities suspended unregistered users.

US retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation and high borrowing costs.

Production at US factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.

The US Securities and Exchange Commission asked a judge to deny Coinbase Global Inc.’s request to compel the agency to respond to a rule-making petition the company submitted last year focused on how securities laws apply to cryptocurrency.

Amgen Inc.’s $27.8 billion deal to buy Horizon Therapeutics Plc, the largest in the biotechnology company’s history, will be challenged by federal regulators on the grounds it would hamper innovation and drug development, according to a person familiar with the matter.

Inflation unexpectedly reaccelerated in Canada but core measures continued to ease, potentially giving the central bank room to keep rates on pause as it waits for the tight labor market to cool.

The University of Oxford is removing the name of the Sackler family, who controlled a company blamed for playing a major role in the US opioid crisis, from buildings and libraries.

Saudi Arabia has sold $6 billion of Islamic bonds, just as weaker oil prices push the kingdom’s budget into a deficit.