A draft European Union rule on foreign subsidies would have a “chilling effect” on foreign businesses operating in the bloc at a time when Europe needs investment to stay competitive, according to a group of global business associations.
The Kremlin is giving foreign companies a way out of Russia at a price, to help bolster the state budget amid surging wartime expenditure.
Tesla Inc. increased shipments from its plant in Shanghai as the electric-car maker was wrapping up a record quarter of vehicle deliveries.
MPowered Capital, the investment firm built by Varde Partners co-founder Marcia Page, closed its first fund designed to back women and minority alternative-asset managers.
Finland became the 31st member of NATO, completing a tumultuous process of accession sparked by Russia’s invasion of Ukraine that upended the European security landscape.
Fund managers offering hard-to-define strategies such as “ESG integration” will be excluded from the next major tally of Europe’s sustainable investing market.
Sri Lanka held its benchmark rate at a two-decade high to keep Asia’s fastest inflation in check while supporting economic recovery after the nation secured a $3 billion International Monetary Fund bailout.
A politically connected Russian who fled house arrest in Italy while facing extradition to the US on charges of evading sanctions and money-laundering said he’s now in Russia, the state-run RIA Novosti news service reported Tuesday.
Pakistan’s central bank raised its benchmark interest rate to a record 21% as price gains soar and the nation teeters on the brink of a default as the International Monetary Fund’s bailout hangs.
Sweden’s biggest pension fund Alecta has put its equities chief on leave and announced a plan to reduce risk exposure after reporting $2 billion in investment losses tied to last month’s US banking crisis.
