Chancellor Olaf Scholz’s ruling coalition is stalling on a proposal to subsidize power prices for industrial companies after Berlin’s fiscally hawkish finance minister questioned the tool and its affordability.
OPEC’s oil production fell last month as Iraq’s exports were reduced by a pipeline suspension while a labor strike cut shipments from Nigeria.
US companies are turning to derivatives to lock in future borrowing costs, as corporate finance chiefs worry that financing will grow more expensive amid stubborn inflation, even if markets are bracing for rate cuts in 2023.
Donald Trump’s lawyers fired back at Manhattan District Attorney Alvin Bragg’s request to bar the former president from discussing evidence in his criminal case on social media as well as viewing it outside of the presence of his legal team.
CI Financial Corp.’s debt was cut to junk by S&P Global Ratings after the Canadian asset manager asked S&P to stop rating its debt. The shares fell the most in nearly seven weeks.
As American states such as California grapple with harsher and more frequent droughts, the US Midwest is touting its ample water supplies to spur economic growth.
US trade officials have solicited the advice of lobbyists for Amazon.com Inc., Alphabet Inc.’s Google and other major technology companies to help craft the new Indo-Pacific trade framework.
New drugs that slim down patients are boosting the stocks of companies that may benefit from the next chapter in weight loss.
Europe’s top satellite and aerospace companies have teamed up to bid for the European Union’s €6 billion ($6.6 billion) satellite project known as IRIS², aimed at beaming internet across the continent and giving the bloc its own fleet to keep up with constellations deployed by governments and businesses around the world.
Match Group Inc., which operates dating apps including Tinder and Hinge, said it will pull all its services from Russia, citing human rights concerns.
