Chicago elected Brandon Johnson in the mayoral runoff, a progressive who plans to raise taxes on major corporations to boost the city’s revenue, after a divisive race that exposed divisions within Democratic politics.
President Joe Biden’s trade chief said the US is working with allies to counter unfair competition from China, seeking to create new agreements that bolster American supply chains and address longstanding vulnerabilities.
US 30-year fixed mortgage rates fell for a fourth-straight week, though applications to buy a home declined for the first time in a month.
Saudi Arabia’s ToYou, a startup that provides a range of services from ride hailing to food delivery, has hired Moelis & Co. to help raise funds to fuel the super app’s growth.
Several dozen stores of one of Belgium’s leading supermarket chains have been closed for nearly a month as workers at Delhaize protest the company’s plans to franchise all its outlets, and there’s no sign of a quick end.
South Korean President Yoon Suk Yeol is set to speak in front of a joint session of the US Congress in late April when he visits Washington, his office confirmed after Bloomberg reported the address would take place.
An apartment in the Baccarat-branded residences is the latest mega sale in the luxury sector in the United Arab Emirates.
Portugal’s new tabernas are a reaction to the ramen bars, luxury stores and boutique hotels geared toward out-of-towners.
Saudi Arabia’s sovereign debt rating was raised to A+ by Fitch Ratings, which cited the country’s efforts to diversify its economy away from a reliance on oil sales and “formidable” reserves.
The dollar is vulnerable to sliding another 10% to 15% in the next year and a half as cooling inflation allows the Federal Reserve to cut interest rates, according to Stephen Jen at Eurizon SLJ Capital Ltd.
