New York’s Metropolitan Transportation Authority, the largest transit system in the country, will announce plans on Thursday to slash its greenhouse gas emissions by 85% across the system by 2040.
Porsche Automobil Holding SE, the investment firm owned by the Porsche-Piech family, got bumper orders for its debut bond as credit investors continue to flock to blue-chip names — especially those outside the financial sector.
The European Union doesn’t want to get “stuck in the middle” of a dispute between the US and China and should take a more unified stance toward the competition between the two powers, according to Ireland’s Prime Minister.
Tesla Inc.’s willingness to sacrifice profits in pursuit of buyers is threatening to weaken its claim to a higher stock-market valuation than rival auto companies.
Blackstone Inc.’s first-quarter profit fell as dealmaking at the world’s largest alternative-asset manager slowed in a tumultuous stretch when rising interest rates roiled the markets and banking system.
Saudi Telecom Co. agreed to buy a portfolio of tower assets from United Group for €1.22 billion ($1.3 billion) as the carrier expands in Europe.
Sales of previously owned US homes fell in March by more than forecast, underscoring a housing market that’s still on shaky footing despite some signs of stabilizing.
Black Mountain, a privately-held energy and natural resources company, wants to sell its division for power-storage projects amid soaring demand for battery installations used to help stabilize electricity grids.
Uruguay became the first inflation-targeting country in South America to start lowering borrowing costs after the economy entered a technical recession in the second half of 2022.
Recurring US unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.
