Midea Group Co. is exploring a potential acquisition of Electrolux AB, according to people familiar with the matter, a bold move by the Chinese home appliance giant to add the higher-end luxury Swedish brand despite potential political opposition.
Handing more cash to families with children is a top priority in tackling Japan’s aging and shrinking population, according to a top member from the junior party in the ruling coalition.
US regulators were working into the night to resolve the First Republic Bank crisis late Sunday after a midday deadline passed for submitting final bids to take over the struggling lender.
Australia’s central bank is set to extend a pause in interest-rate increases on Tuesday following a deceleration in inflation that allows the board more time to assess the economic impact of its policy tightening to date.
Shares of SoftBank Group Corp. rose after the Japanese company’s semiconductor design unit, Arm Ltd., filed an application with regulators for an initial public offering.
Investors are piling into bets against the US dollar as this week’s expected Federal Reserve interest-rate hike is likely to bring the steepest tightening cycle in a generation to a halt.
President Luiz Inacio Lula da Silva announced an increase in Brazil’s monthly minimum wage, as his administration seeks to balance a campaign pledge of higher social spending with keeping the growth of public debt under control.
China’s economic recovery remains patchy, with latest indicators pointing to a contraction in manufacturing, while consumers splurge over the holidays and the housing market continues to rebound.
Tim Scott, the US Senator from South Carolina who’s expected to make a run for the White House, said he’ll have an announcement on “the final step” on May 22.
Global labor markets are poised for a new era of turbulence as technologies like artificial intelligence accelerate the decline of clerical work, while simultaneously increasing demand for technology and cybersecurity specialists.
