Bloomberg Business

Parts of Johannesburg, South Africa’s economic hub, are being subjected to renewed water-supply cuts as ongoing electricity shortages disrupt pumping operations.

Weak financial results may outweigh any relief over smaller rate hikes by the Federal Reserve.

Prime Minister Rishi Sunak said he cannot raise UK taxes to fund pay rises for workers in the state-run National Health Service.

Pakistan’s moves to loosen its grip on the currency and increase fuel prices indicate that the beleaguered nation is finally taking the unpopular decisions needed to secure the $6.5 billion bailout program from the International Monetary Fund.

(Bloomberg) — The Federal Reserve will reverse course and cut interest rates sooner and more aggressively than money markets forecast this year as signs of a US economic recession emerge, according to HSBC Asset Management.

888 Holdings Plc plunged the most in more than 16 years after Chief Executive Officer Itai Pazner stepped down amid a probe into whether some of the British gambling group’s VIP accounts violated money-laundering policies.

Selling Toyota’s electrification strategy will be job No. 1 for Koji Sato, the 53-year-old taking over from Akio Toyoda.

(Bloomberg) — Jerome Powell and Wall Street are headed for another face-off this week as the Federal Reserve seeks to slow its inflation-fighting campaign without signaling a readiness to stop.

United Parcel Service Inc. will pay more for labor after replacing a union contract that expires in July. The main question for Chief Executive Officer Carol Tomé is how much more — and if it’s enough to avoid a strike that would throw package delivery into chaos.

Four-week average flows of Russian crude highest since June with new EU curbs looming