Bloomberg Business

Engine No. 1’s latest exchange-traded fund will focus on companies seeking to bring their operations closer to home after the pandemic upended global supply chains.

Pakistan presented a bill to raise 170 billion rupees ($636 million) in taxes, a key condition to secure funds from the International Monetary Fund needed to avoid a default.

Sinochem Holdings Corp. is considering selling its 37% stake in Italian tiremaker Pirelli & C. SpA as the Chinese state-owned conglomerate seeks to streamline its global portfolio of assets, according to people familiar with the matter.

Decentralized finance is getting some help from the real world after the meltdown in crypto has led to months of stagnation.

Canada’s explosive population growth from immigration is causing rents to surge in its biggest cities. And there’s another problem: The country isn’t even properly counting the number of people who need homes.

Nearly two weeks after a train carrying carcinogenic chemicals derailed in East Palestine, Ohio, the extent of the damage to the nearby community is still unclear. Railroads face a traffic backlog and operator Norfolk Southern Corp. could rack up tens of millions of dollars in costs.

Egypt aims to boost exports of liquefied natural gas by roughly 40% from 2025, with the bulk of the extra fuel shipments going to Europe.

Hedge funds bought a net 5.99 million Taiwan Semiconductor Manufacturing Co. shares last quarter just as Warren Buffett reversed course and sold 86% of his short-term stake.

Turkey’s stock market surged on Wednesday as trading resumed following last week’s suspension due to the earthquakes.