Bloomberg Business

Sultan Al Jaber was selected to lead COP28 — the most important climate summit. He also runs the oil and gas behemoth Adnoc.

Walmart Inc.’s job cuts at five US e-commerce fulfillment centers will affect more than 2,000 positions, according to regulatory filings, though impacted employees may find other roles at the company.

The flagging productivity of some US shale fields and expanded crude-takeaway options could be a boon for Canadian drillers, Bank of Montreal’s top energy banker said.

Southern California’s Inland Empire, a notorious boom-and-bust economy, is showing warning signs for the rest of the US.

Investors have been unloading bonds from Saudi Arabia and other Gulf states since a surprise OPEC+ production cut on the weekend sent the price of oil surging, an unusual move that traders say reflects how expensive the region’s debt has become.

The San Francisco Bay Area is about to get a new women’s professional soccer team with backing from ex-Meta Platforms Inc. executive Sheryl Sandberg and with former US National Team stars including Brandi Chastain as founding partners.

London initial public offerings have slumped to a 14-year low, far outpacing declines seen in New York and in Europe, as the UK capital struggles to attract new listings and its shares trade at a steep discount to international peers.

Investors should prepare for a world of higher price growth in the years to come, which will eventually force central banks to lift their inflation targets to 3%, according to a portfolio manager at Newton Investment Management.