The Swedish state isn’t planning to remain a long-term owner in SAS AB, even if part of the debt it is owed is converted to equity as part of Tuesday’s plan to take the airline private, according to Finance Minister Elisabeth Svantesson.
Saudi Arabia’s new budget math is once more entrenching its reliance on high oil prices, in a riskier path for a country whose fiscal choices matter for politicians and consumers around the world.
Germany plans to supply additional air defenses for Ukraine to help protect grain shipments from potential Russian attacks, according to people familiar with the matter.
The UK was falling behind Europe in developing green industries, even before backsliding by Rishi Sunak’s government on net zero policies alarmed investors.
Hong Kong’s securities regulator and police force set up a task force to assist with the detection of suspicious activity at crypto exchanges, intensifying oversight of the industry after the blowup at the JPEX platform.
A mid-November US government shutdown, already a serious risk, is increasingly likely following the toppling of Speaker Kevin McCarthy and worsening of an intra-party Republican conflict in the House.
UK government efforts to reverse years of spending cuts for schools in England will still fail to cover their escalating costs, leaving state education under severe strain, according to the Institute for Fiscal Studies.
Milan has become a mecca for the wealthy, but the downside of that shift is starting to show.
Tata Group is in advanced talks with Temasek Holdings Pte to buy back a stake in its entertainment content distribution platform at a valuation of more than $1 billion, according to people familiar with the matter.
Rishi Sunak didn’t just rip up the UK’s flagship rail project on Wednesday. Desperate to be seen as an agent of change after 13 years that have made his Conservative Party deeply unpopular, he took aim at the records of Tory and Labour prime ministers dating back almost to Margaret Thatcher.
