Bloomberg Business

The euro area is on course to avoid a recession after unexpectedly growing at the end of 2022, despite double-digit inflation and Russia’s invasion of Ukraine.

The US and South Korea are planning to step up the scale of their joint military exercises, a move that has in the past prompted threats and weapons tests by North Korea.

Sri Lanka’s inflation slowed for a fourth straight month in January as the supply situation improves and the country’s monetary authority kept financial conditions tight.

Macquarie Bank Ltd. and JB Drax Honore are among a group of banks and brokerages that may be forced to book losses as troubled Italian building firm Cimolai SpA seeks to restructure its liabilities to stay afloat.

Britain faces the bleakest two years of any major industrial nation with a recession in 2023 and the slowest growth of peers in 2024, the International Monetary Fund predicts.

China’s Coast Guard maintained near-daily patrols at key features across the disputed South China Sea last year, ramping up its presence as tensions over the waterway with Southeast Asian neighbors remain high, new tracking data shows.

US hedge fund Davidson Kempner Capital Management bought $1.1 billion in bad debt from Abu Dhabi Commercial Bank PJSC as the lender cleans up a balance sheet battered by a series of corporate defaults.

Taiwan’s export orders fell last year for the first time since 2019, with a steep decline in December that suggests more concern ahead for the trade-dependent economy in 2023.

European natural gas rebounded as forecasts showed the weather turning cooler than previously estimated next week.