Renault SA directors agreed to a landmark deal to rebalance the carmaker’s troubled two-decade alliance with Japanese partner Nissan Motor Co., according to two people familiar with the situation.
The dramatic downing of a suspected Chinese spy balloon off the South Carolina coast is the latest in a history of provocations and near misses between the US and China.
The embattled Adani Group plans to trim capital spending plans after it had to scrap fundraising efforts in the wake of short-seller Hindenburg Research’s scathing report into the conglomerate, Mint reported, citing people with knowledge of the matter.
Elon Musk says Twitter Inc. is “trending to breakeven” after he had to save it from “bankruptcy.”
The network established by conservative billionaires Charles Koch and his late brother David Koch is signaling it won’t support Donald Trump in the 2024 GOP presidential primaries, saying it plans to back a candidate “who can lead our country forward, and who can win.”
Cypriots will return to the ballot box on Feb. 12 to choose a leader who can oversee the Mediterranean island’s economic recovery as the fallout from the war in Ukraine continues to pose a threat.
Beijing’s abrupt shift from expressing regret to threatening retaliation over the US’s spy-balloon claims reflects the domestic imperative for Xi Jinping to show he’s standing up for China against external pressure, further narrowing the window to reset ties before the US election season gets into full swing.
A White House economic adviser said negotiations over raising the US debt ceiling are an “absolute nonstarter” for President Joe Biden, though he’s ready to discuss spending with congressional Republicans.
Former Treasury Secretary Lawrence Summers said a “soft landing” for the US economy is looking more likely, though inflation gauges remain too high.
