Bloomberg Business

New Zealand’s government has revamped planned reforms to water infrastructure, seeking to take the heat out of a contentious issue ahead of an election later this year.

SoftBank Group Corp. is moving to sell the majority of its stake in Chinese internet giant Alibaba Group Holding Ltd., the Financial Times reported, the latest sign of long-time China investors lowering their exposure there.

Chinese e-commerce leader Alibaba Group Holding Ltd. slumped in Hong Kong, after the Financial Times reported that its early backer SoftBank Group Corp. is moving to sell the majority of its stake in the company.

The UK economy will do “significantly better” than the International Monetary Fund’s bleak outlook over the coming 24 months, Chancellor of the Exchequer Jeremy Hunt said Wednesday, potentially setting the government up for an election next spring.

Taiwan said China dialed down plans for a no-fly zone near the island after it complained about risks to flight safety, a rare possible instance of backtracking by Beijing as tensions between the two sides simmer.

China lifted mask mandates for public transport, workplaces and schools, some of the few places where the coverings were still required, doing away with some of its final remaining Covid Zero restrictions as it moves on from the pandemic.

A tax agreement between Apple Inc. and its hometown of Cupertino, California, has come under scrutiny from state regulators, potentially slashing the amount of money that the company sends to the city.

Jeff Bezos no longer plans to bid for the NFL’s Washington Commanders, according to a person familiar with the matter.

Milk is ubiquitous in India — from the morning glassful that most middle class school kids glug to its use in Hindu religious rituals. Now it could become a headache for Prime Minister Narendra Modi’s government as prices soar.

New Bank of Japan Governor Kazuo Ueda struck a dovish tone once again by highlighting the risk of inflation slowing below the central bank’s target.