Bloomberg Business

Royal Philips NV said new tests on its recalled sleep apnea products showed the vast majority of the devices are unlikely to cause considerable health damage to patients.

Global oil demand will climb more strongly than previously estimated this year as a post-pandemic rebound in China beats expectations, the International Energy Agency said.

The UK’s competition watchdog vowed to continue to put Britain first after her agency announced its arrival on the global stage by blocking Microsoft Corp.’s $69 billion Activision Blizzard Inc. deal.

The US subsidiary of Saudi Arabia’s $730 billion sovereign wealth fund is hiring from Wall Street firms and top hedge funds to manage its growing portfolio of investments in the country.

Rupert Stadler, the former head of Volkswagen AG’s Audi brand, admitted to a German court he should have stepped in when sales of rigged vehicles continued months after the diesel scandal broke.

Managers at Credit Suisse Group AG, UBS Group AG and government officials are set to face further questioning by members of parliament into the former’s near-collapse and rescue, as lawmakers wield a rarely-used power of oversight to probe the takeover deal.

India’s crucial monsoon season may arrive later than usual this year, delaying relief from scorching heat and potentially slowing the planting of some major crops.

Investors’ confidence in Germany waned for a third month, reigniting fears that Europe’s largest economy is heading for a recession.

Air travel bookings are pointing to strong demand this summer, with Asia Pacific leading a regional rebound after coronavirus restrictions disappeared and airlines overcame the travel chaos that dogged last year’s peak season, the International Air Transport Association said.

Sweden’s government tabled a proposal on Tuesday to allow the Nordic nation to veto foreign investments, a move intended to strengthen national security that the country’s business lobby fears will also add unnecessary red tape.