Google’s cloud computing unit and German software maker SAP said they are teaming up to make it easier for clients to unite data from disparate sources to more efficiently use artificial intelligence in their businesses.
Western Alliance Bancorp, seeking to distance itself from regional banks struggling with deposits, including PacWest Bancorp, said its deposits have grown since the beginning of the quarter.
Turkish presidential contender Muharrem Ince withdrew from Sunday’s election, narrowing the field of rivals to incumbent Recep Tayyip Erdogan and injecting fresh uncertainty into the contest over how Ince’s supporters will vote.
European Central Bank President Christine Lagarde said efforts to curb elevated inflation aren’t over — reinforcing the message that there are more interest-rate increases still to come.
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
ADES International Holding, the oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, has delayed its planned initial public offering to the second half of the year, according to people familiar with the matter.
The Bank of England raised its benchmark lending rate to the highest level since 2008, with Governor Andrew Bailey saying further increases may be needed to “stay the course” in the fight to slow inflation.
Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence.
President Luiz Inacio Lula da Silva’s key nominee to Brazil’s central bank said financial markets have already priced in interest rate cuts this year and that his arrival to the board of the institution would not speed up the beginning of the easing cycle.
Turkish commercial lenders pushed up the cost of buying dollars on the interbank market after the central bank asked them to minimize foreign currency sales to companies ahead of Sunday’s presidential election.
