Bloomberg Business

The Russian state’s oil revenue came under further pressure as the average crude price the government uses to calculate its taxes dropped to the lowest in more than two years.

The chief executive officer of the Qatar Investment Authority says the sovereign wealth fund supports Elon Musk’s vision for Twitter Inc., despite the turmoil that’s accompanied the US billionaire’s takeover.

The head of Hungary’s new agency charged with rooting out everything from shady public contracts to outright fraud said Prime Minister Viktor Orban’s system isn’t corrupt, it’s individuals who are.

Teachers may join hundreds of thousands of UK employees taking industrial action as Prime Minister Rishi Sunak’s administration battles to contain a surge of worker unrest over pay that’s failing to keep pace with the surging inflation.

Turkey freed a vessel that had wedged itself against the banks of the Bosphorus Strait, clearing the vital waterway that connects the Black Sea with global markets.

Central banks will keep raising rates this year to ensure inflation sticks to its downward path, defying traders who expect policy makers to ease off, according to BlackRock Inc. Vice Chairman Philipp Hildebrand.

Monex Group Inc. is keen on the Japanese subsidiary of Sam Bankman-Fried’s crumbled FTX crypto empire that’s up for sale, according to the Tokyo-based online brokerage’s chief executive officer.

Toyota Motor Corp. expects vehicle production to exceed pre-pandemic levels, forecasting output of as many as 10.6 million vehicles during 2023 while warning that final shipments could be 10% lower if it is unable to procure enough parts, especially semiconductors.

The European Central Bank’s battle with inflation may end within half a year as policy makers begin to reverse rate hikes as soon as July, according to economists polled by Bloomberg.