Bloomberg Business

Twilio Inc., a maker of customer communication and marketing software, said it will cut about 17% of workers just months after a previous major round of layoffs.

Sirajuddin Haqqani, the Taliban’s powerful interior minister, has lambasted for the first time the group’s reclusive spiritual leader for monopolizing power and damaging their government in Afghanistan.

Ted Lerner, a titan of real estate development in the nation’s capital who led the group that brought professional baseball back to Washington after a three-decade absence, has died. He was 97.

For months now, an uneasy truce has prevailed between the Federal Reserve and stock investors. As inflation cooled, Chairman Jerome Powell kept mostly quiet about a $5 trillion equity rally that many worry impedes his efforts to drain bloat from the economy.

European countries need to shift away from massive spending to help households and businesses through the energy crisis and refocus on fiscal discipline now that the economic outlook is improving, according to EU Commission Vice President Valdis Dombrovskis.

Fees the company collects from third-party sellers have risen for six years in a row, squeezing their margins.

Goldman Sachs Group Inc. and Bank of America Corp. are cited as holding a combined 1.4 billion reais ($267 million) in credits from Americanas SA in a new list published by the distressed Brazilian retailer.