Bloomberg Business

Mankind Pharma Ltd. rallied 32% on its first day of trading in Mumbai after raising 43.3 billion rupees ($529 million) in one of India’s largest initial public offerings of the year.

A key OPEC+ minister played down the need for further cuts to balance supply and demand, weeks after the organization shocked the oil market by announcing a round of large output reductions.

German Chancellor Olaf Scholz urged the European Union to reduce its reliance on China, accusing the government in Beijing of increasingly acting as a rival and competitor rather than a partner.

UBS Group AG appointed Ulrich Koerner to its top management body, giving the chief executive officer of Credit Suisse Group AG a key role in overseeing the complex combination of the two firms.

Britain’s exit from the European Union has “cannibalized” London’s listing pool, according to JPMorgan Chase & Co.’s chief executive officer for Europe, the Middle East and Africa.

Analysts are scrambling to raise their stock price targets on British Airways-owner IAG SA, turning the most bullish in nearly two years amid a bounce in air travel.

Turkey’s main opposition leader has accused President Recep Tayyip Erdogan’s government of covering up the true state of the economy and the country’s finances, capping his campaign with a jolting message before a closely contested vote later this week.

Welfare programs have been given priority in Treasurer Jim Chalmers’s latest budget, as the Albanese government follows through with some of the election promises that helped sweep it into office last year.

Chinese authorities have detained a man for using ChatGPT to write fake news articles, in what appears to be one of the first instances of an arrest related to misuse of artificial intelligence in the nation.

Glencore Plc is joining with Li-Cycle Holdings Corp. to build a European battery recycling plant, a key link in the supply chain for metals at the heart of the green-energy transition.