Bloomberg Business

A foundation being set up to aid Ukraine with £2.34 billion ($2.9 billion) in proceeds from Roman Abramovich’s sale of Chelsea FC is nearly ready to go with a proposed chair lined up, but UK government approval is taking longer than expected.

The US, Japan and South Korea urged countries to repatriate North Korean workers illegally sent abroad to earn cash for Kim Jong Un’s regime, as Pyongyang appears to be easing Covid-based border restrictions that left them in limbo.

South Korean battery maker LG Energy Solution Ltd. reported financial results that beat analyst estimates, boosted by an estimated tax credit from US President Joe Biden’s climate bill and amid growing worldwide demand for electric vehicles.

Putting a temporary pause on artificial intelligence development would only hand an advantage to competitors in China, former Google CEO Eric Schmidt said, after more than 1,000 researchers signed a letter warning of the consequences of moving too quickly on AI research.

The release of key US jobs data on Good Friday risks making the Treasuries market reaction one-and-a-half times more volatile than it usually would be, according to JPMorgan Chase & Co.

Sri Lanka’s foreign exchange reserves grew in March to the highest in over a year after the South Asian nation clinched a $3 billion International Monetary Fund bailout.

Japanese workers’ real wages fell for the 11th straight month despite a government push for higher pay, highlighting the challenge awaiting incoming Bank of Japan Governor Kazuo Ueda.

Silicon Valley Bank had just collapsed and Blackstone Inc.’s dealmakers saw an opportunity. One problem: The firm didn’t want to look like a vulture.