Bloomberg Business

UBS Group AG, Canadian Imperial Bank of Commerce and seven other banks are providing $45 million in seed capital to a new firm that seeks to facilitate the trading of carbon credits.

Europe should consider stockpiling key minerals as part of its plan to reduce its strategic dependency on critical raw materials from outside the bloc, a top Swedish official said.

Russia is seeking to spend its way out of the self-inflicted economic crisis that threatened to deliver the deepest recession of President Vladimir Putin’s more than two-decade rule.

Romania may join Poland and other regional peers this week in holding interest rates steady as policy makers shift attention to risks posed by an economic slowdown even as inflation persists.

Wealthy homebuyers are snapping up Mayfair properties at the fastest rate in over two years, as London’s priciest homes defy a slowdown in the city’s housing market.

Sweden’s housing market continued to seek a bottom at the start of the year, beset by falling activity after ten months of consecutive price declines.

Hedge funds and distressed debt specialists have scooped up bonds related to Gautam Adani’s business empire, a potential sign of encouragement for the group as it seeks to shore up confidence in the wake of a scathing short-seller report.

Bank for Investment and Development of Vietnam JSC is considering reviving the sale of its stake in a life insurance joint venture with Metlife Inc., according to people with knowledge of the matter.

President Vladimir Putin’s government is pressuring the Bank of Russia to be more upbeat about the outlook for the economy and signal it’s ready to loosen monetary policy as his invasion of Ukraine heads for its second year.