Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation.
The UK unveiled its strategy to speed up the deployment of renewable power and capture carbon, but the plan to boost energy investment in Britain lacks the financial might of efforts in the US.
Turkey’s central bank told commercial lenders they must persuade more customers to place their money in an emergency savings plan created to protect the lira and asked them to stop using loopholes that create new demand for dollars.
The European Securities and Markets Authority said it is scrutinizing the market for credit default swaps after recent trading activity amplified turmoil for banking stocks.
The rising probability of military action near a Russian-occupied nuclear plant in Ukraine is forcing international monitors to shelve a proposed security zone around the site and instead concentrate on making its reactors more resilient to attack.
The top decision-making body of China’s Communist Party reviewed rules governing the personal disclosures of top officials, a sign President Xi Jinping is holding firm on his anti-corruption campaign.
BitFlyer Holdings Inc.’s board reappointed co-founder Yuzo Kano as chief executive officer, putting him back in charge of Japan’s biggest cryptocurrency exchange after a dispute over the startup’s ownership and management.
Blackstone Inc.’s Steve Schwarzman expects most US banks to withstand the current industry turmoil, blaming it on the after-effects of the pandemic and technology rather than a wave of bad loans.
China Evergrande Group Chairman Hui Ka Yan’s mansion in Hong Kong failed to find a buyer by the desired timeline, as bids fell short of the creditor’s targets.
(Bloomberg) — Spanish inflation plummeted as energy costs retreated, though persistent underlying price pressures underscored the dilemma for the European Central Bank as it weighs how much to raise interest rates.
