Bloomberg Business

Omeed Malik, founder of Farvahar Partners and 1789 Capital, is planning to raise a new special purpose acquisition company, despite a chill in the market for the once-hot investment vehicle.

Ukraine said air-defense forces downed 24 of 29 drones launched by Russia from annexed Crimea to attack southern and central regions of the country.

The European Union will soon reach out to bond index providers to argue that its debt should be included in major benchmarks for sovereign nations, as the bloc looks to improve its cost of borrowing.

He guided the 117-year-old brand into EVs, SUVs and $30 million cars—scoring record profits.

(Bloomberg) — Bank of England Deputy Governor Ben Broadbent warned there are now “clear signs” that interest rate rises are dragging on the UK economy and causing unemployment to pick up.

A fired Citigroup Inc. trader sued the bank over allegations he was used as a scapegoat for the bank’s decade-long regulatory failures in executing stock trades for clients in Asia.

Investors are asking whether it’s fair for direct-lending funds to make excess returns just because a central bank hikes interest rates.