Bloomberg Business

The World Bank approved a new five-year strategy for Egypt that has improving the nation’s business environment and supporting green development among its goals.

Germany will likely avoid a contraction this year and is set to eke out growth of 0.2%, Chancellor Olaf Scholz’s advisers predicted, though they warned that the situation remains tense and inflation will continue to weigh on Europe’s biggest economy.

The Biden administration unveiled tight restrictions on new operations in China by chipmakers that get federal funds to build in the US, potentially hampering efforts to expand in the world’s largest semiconductor arena.

South Korea plans to hold its “largest-ever” live-fire drills with the US in a move certain to anger North Korea, which has ramped up its provocations to new levels in response to recent military exercises.

Philippine President Ferdinand Marcos Jr. said the US will gain expanded access to military sites in northern Philippines close to Taiwan, as well as in Palawan province near South China Sea, paving the way for greater American presence in key locations as tensions with Beijing linger.

Europe’s top banks are unlikely to face the kind of downward spiral that forced Credit Suisse Group AG into the arms of larger Swiss competitor UBS Group AG over the weekend, according to Moody’s Investors Service.

Russia’s central bank is making it more costly for commercial lenders to have liabilities in what it calls “unfriendly” currencies by raising mandatory reserve requirements for foreign tender such as US dollars and euros.

Champagne exports to Gulf countries from France jumped in 2022 as Russian tourists flocked to the region after the war in Ukraine curbed their access to Western nations.

UK inflation rose unexpectedly for the first time in four months after food and drink prices soared at the fastest pace in 45 years.

An initial public offering by Rakuten Bank Ltd. is set to fetch the company and its parent as much as 116.6 billion yen ($881 million), putting it on track to be Japan’s biggest listing in more than four years.