Four years after paying about $900 million for Chilean salmon farms, Legend Holdings Corp. wants its money back in a case that underscores the pitfalls for China’s push into global food markets.
China — the biggest bilateral creditor to emerging markets — needs to be open to agreeing to a new process to rework loans for countries that are burdened by high levels of debt, World Bank President David Malpass said.
(Bloomberg) — Brazil’s Luiz Inacio Lula da Silva called on BRICS nations to come up with an alternative to replace the dollar in foreign trade, supporting China’s crusade against US global dominance just as he prepares to meet with President Xi Jinping in Beijing.
Xi Jinping led a parade of officials this spring vowing to revive China’s economy, hoping to repair the damage wrought by years of Covid Zero and regulatory clampdowns. Some of the world’s biggest investors are selling anyway.
Sports streaming startup Buzzer Technologies Inc. has raised new funding and entered discussions with leagues, teams and networks as it opens up the platform for licensing deals.
Across the Atlantic, 13 named storms may form this year in an expected below-average hurricane season with the ocean’s fury held back, in part, by conditions in the Pacific.
Rishi Sunak said he wants to cut UK taxes — but only once he’s got a handle on inflation and borrowing — as he sought to allay concerns in his Conservative Party about the current burden on British households.
Improvements to Ethiopia’s exchange-rate system are being considered that would help draw more capital to the Horn of Africa nation, World Bank President David Malpass said.
Delta Air Lines Inc. sees profit this quarter topping Wall Street’s estimates, buoyed by steady bookings heading into the crucial summer travel season, even as it posted weaker-than-expected results for the first months of the year.
More than a year after Microsoft Corp. proposed buying Activision Blizzard Inc. for $69 billion, the video-game maker’s shares are finding fresh impetus.
