Italy’s largest utility Enel SpA plans to accelerate cost cuts and maintain its dividend policy under controversial new management chosen by Italy’s rightwing government, people familiar with the matter said.
The municipality of Marion had planned to finance a new $10 million firehouse with a bond deal later this year, but that project and others are on pause because the city north of Columbus, Ohio, doesn’t have a credit rating.
A new study shows most people believe climate change is happening and impacting their daily lives.
Reliance Industries Ltd., the oil-to-telecom conglomerate owned by Asia’s richest man Mukesh Ambani, posted better-than-expected quarterly profit on robust growth across nearly all its businesses.
A Russian Su-34 military jet accidentally fired on the city of Belgorod north of the Ukrainian border, the Russian defense ministry said, leaving a massive crater and damaging homes and cars.
Twitter Inc.’s widespread removal of legacy blue checkmarks was sowing confusion across the social-media platform on Friday, with celebrities saying they were verified without paying, government-affiliated labels on some media accounts disappearing and businesses being told they needed to pay for checkmarks to advertise.
Procter & Gamble Co.’s premium skin-care business is suffering as Chinese consumers refrain from traveling to shop.
Some 58% of the ocean surface experienced at least one marine heat wave last year, according to the World Meteorological Organization.
Bank of England policy maker Silvana Tenreyro warned that interest rates are higher than the economy can bear and that overtightening would be like Milton Friedman’s “fool in the shower” who scalds himself by being too impatient to wait for the water to warm up.
SAP SE, Europe’s biggest software company, forecast operating profit for the year that was ahead of analysts’ estimates after it announced job cuts and plans to refocus the company on its faster-growing cloud business.
