Bloomberg Business

EDF faces the daunting task of repairing corroded pipes in its reactors — a crisis with implications for all of Europe.

The stage is set for a clash between traders betting on interest-rate cuts and Christine Lagarde, who’s ready — once again — to hammer home the need to stamp out inflation.

The European Union is discussing how to boost its financial muscle to counter the US’s $369 billion green subsidy package and tackle costly challenges such as weaning itself off Russian energy and rebuilding Ukraine.

New Zealand’s biggest airport delayed the reopening of its international terminal Saturday because “critical components” of the infrastructure were damaged by severe flooding after a sudden summer storm.

Auckland has been left reeling after an intense summer storm battered New Zealand’s largest city, killing three people and prompting the international airport to halt flights.

With Russia’s invasion into its 11th month, the International Monetary Fund is exploring a loan of as much as $16 billion to support Ukraine’s economy. It comes a week before a European Union-Ukraine summit, and as Russian President Vladimir Putin’s forces prepare for a new, lengthy offensive.

ByteDance Ltd.’s general counsel is no longer overseeing US government relations for TikTok, part of a shuffle to improve the company’s standing during intense national security scrutiny, according to people familiar with the matter.

Bonds from Petroleos Mexicanos were whipsawed this week as investors questioned how the company will pay off billions of dollars of debt amortizations due in the next few months.