Widening the World Bank’s mandate risks shifting the multilateral lender’s focus away from helping poor nations reduce poverty and accelerate development, South African Finance Minister Enoch Godongwana said.
Peanut brittle was the big takeaway from Berkshire Hathaway Inc.’s earnings day.
Poland’s largest oil company PKN Orlen SA has unexpectedly stopped receiving oil via the Druzhba pipeline from Russia, Chief Executive Officer Daniel Obajtek said in a tweet on Saturday.
Steel is threatening to become the latest area of commercial conflict between the US and Mexico after a bipartisan group of US lawmakers called on the Biden administration to restore Trump-era tariffs if necessary to stem a surge in imports.
Germany and India agreed to partner on technology to make a transition to renewable energy easier, and deepen defense cooperation and trade during Chancellor Olaf Scholz’s first visit to the South Asian nation as leader.
The European Central Bank will raise interest rates as high as necessary to bring inflation back down to 2%, said Governing Council member Ignazio Visco.
China’s flu infections rose while Covid cases continued to drop from a December peak after the nation eased pandemic restrictions.
Warren Buffett’s Berkshire Hathaway Inc. posted record operating earnings for the year, helped by solid performance across many of the conglomerate’s subsidiaries.
Axie Infinity, the world’s biggest blockchain-based video game, plans to be “even more aggressive” with crypto tokens earned by its players in 2023, suggesting the play-to-earn model is here to stay after a difficult year.
Emmanuel Macron said French retailers should “make an effort” to reduce inflation, rather than putting the onus on farmers whose revenues are already “too low.”
