Bloomberg Business

China will resume issuing visas to tourists and other foreigners, a significant step in the country’s move to rejoin the world and leave its stringent Covid restrictions behind.

China’s economic recovery is strengthening in the aftermath of Covid restrictions and outbreaks, with official data on Wednesday providing clues on how sustainable the rebound is likely to be.

North Korea fired two short-range ballistic missiles Tuesday toward waters off its east coast after threatening the US to turn the Pacific Ocean into a “firing range” if it holds joint military drills with South Korea.

(Bloomberg) — The International Monetary Fund called on Argentina to make stronger efforts to address foreign reserve losses, galloping inflation and other “policy setbacks” amid a severe drought that’s hitting the country’s crucial commodities sector. 

Former President Donald Trump said he considers Ron DeSantis as his strongest potential challenger for the Republican nomination and attacked the Florida governor during his first 2024 campaign stop in Iowa.

The troubles at Silicon Valley Bank and its subsequent collapse have driven investor attention to the heavy investment in US bonds by Japan’s lenders, casting a pall over their shares.

Rite Aid Corp. is facing US Justice Department claims that it intentionally filled unlawful prescriptions for opioid painkillers as part of a whistleblower case over the sales.

Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the US and is looking to raise as much as $500 million, according to people familiar with the situation.

Risk premiums in the US junk bond market’s riskiest slice soared past 1,000 basis points on Monday as the collapse of Silicon Valley Bank sent corporate funding costs higher and kept borrowers on the sidelines.

China is zigging while the rest of the world is zagging when it comes to coal power.