Bloomberg Business

Goldman Sachs Group Inc. boosted its estimate of the odds of a US recession to 35% over the next 12 months in response to increased uncertainty over the economic impact of bank stress.

With South Africa enduring record power outages, the government has given assurances that the electricity grid won’t be allowed to collapse. Yet increasing numbers of businesses are preparing for that very eventuality.

Europe is set to import a record amount of American crude this month, relying increasingly on larger tankers as sanctions on Russian oil upend global trade routes.

Commuters in London will face disruption for a second straight day as rail workers strike across the country and the impact of Wednesday’s industrial action on the Tube lingers on.

When Britain produced a Covid-19 vaccine that saved millions of lives, it showed the nation was a world leader in life sciences, according to Chancellor of the Exchequer Jeremy Hunt.

Singapore pushed New York off the top spot for the strongest growth in residential rents in the last quarter of 2022, fueled by a supply crunch and strong demand.

The yen is making a push to regain its crown as the go-to haven as a banking crisis dents the appeal of its US and European peers.

Immunity from external volatility is benefiting Chinese lenders as investors rush to safety amid a spiraling global banking crisis.

Founders and key employees of the collapsed FTX group of crypto firms received $3.2 billion in payments and loans, mainly from trading house Alameda Research, according to court filings.

South Korean President Yoon Suk Yeol arrived in Tokyo for a visit to repair ties with Japan and bolster security cooperation with their mutual US ally, hours after North Korea test-fired a suspected intercontinental ballistic missile.