President Joe Biden’s choice for Federal Reserve vice chair will signal where he stands on combating inflation — and whether he agrees with restive progressives worried that the central bank’s rate increases will lead to job losses and recession.
The UK’s main opposition Labour Party raised £7.2 million ($8.65 million) in donations between October and December last year, £2.4 million more than the governing Conservative Party.
The European Union is scrambling to salvage a plan to effectively ban new combustion-engine cars by 2035 after Germany and Italy threatened to block the agreement.
Dutch Foreign Minister Wopke Hoekstra said China would face consequences if it were to consider shipping weapons to Russia for its war in Ukraine amid broader US warnings that Beijing may begin offering Moscow military aid.
Credit Suisse Group AG is escalating efforts to win back clients with deposit rates that are significantly higher than rivals as a run of senior banker departures adds urgency to its campaign to recoup assets.
Several of India’s proposed liquefied natural gas import projects are grappling with delays, posing a fresh challenge to Prime Minister Narendra Modi’s plans to boost use of the fuel.
European Central Bank President Christine Lagarde said interest-rate increases may need to persist beyond a planned half-point move in two weeks’ time.
London Stock Exchange Group Plc said it plans to buy back £750 million ($899 million) of shares from former Refinitiv owners including Blackstone Inc. and Thomson Reuters Corp. as it eyes more growth in the data business.
German Chancellor Olaf Scholz warned China not to arm Russia in its war on Ukraine and expressed disappointment that the government in Beijing has dialed down its condemnation of the Kremlin’s aggression.
Flutter Entertainment Plc shares fell as much as 6.6% in London after the sports betting company missed 2022 earnings estimates due to customers’ winning wagers in December and competitive challenges in Australia.
