Bloomberg Business

Economic growth in China slowed significantly in 2022 from a year earlier as Covid-19 and the government’s response led to the second-weakest performance since the 1970s.

Turkey canceled next week’s visit by Swedish Defense Minister Pal Jonson as tension flared over permission given by Stockholm for a public burning of Islam’s holy book Koran.

The Bank of England is likely to keep interest rates in painful territory through this year or longer even as the economy falls into recession.

Bitcoin rallied to its highest levels since August ahead of celebrations for the Lunar New Year holiday throughout Asia, surging at the start of the weekend for a second straight time.

In November 2008, Dubai’s first Atlantis hotel opened to much fanfare – a $5 million firework display, A-list guests from around the world and a performance by pop star Kylie Minogue. Twelve months later, the emirate declared it was on the brink of default after accumulating a mountain of debt to transform the city into a business and trading hub.

After Saudi Arabia opened its doors to foreign tourists for the first time in 2019, one of the last remaining Arab countries still largely closed off to holidaymakers is set to follow suit.

Icy weather is expected across western and central Europe and the UK this weekend and will likely persist until early next week, when temperatures are forecast to rebound near seasonal norms.

UK Prime Minister Rishi Sunak will look to begin closing a series of pay deals with trade unions, as the government enters 10 days of crunch talks ahead of coordinated strike action planned for early February.