Bloomberg Business

Sweeping European sanctions on the purchase and transportation of Russian oil have prompted the country to transport more crude on its own tankers.

Chinese oil consumption is expected to hit a record this year as the world’s biggest importer leaves the straitjacket of Covid Zero behind, bolstering the global demand outlook and aiding prices.

Euro-zone banks are returning another €62.8 billion in cheap long-term funding to the European Central Bank, significantly less than at previous opportunities that follow a toughening of the program’s conditions.

Czech billionaire Daniel Kretinsky bought a Parisian townhouse from Russian billionaire Dmitry Rybolovlev and his ex-wife in 2020 that borders the Elysee Palace, the residence of the French president.

Canada’s Aritzia is winning over Gen Z with its ‘everyday luxury.’ Over the past year, US sales have surged about 80%.

Tax advisers have long said it’s inadvisable to die in Massachusetts — one of the least generous states for estate levies — but now it may also be worth thinking twice about living there.

Uganda said it terminated a deal with a Chinese contractor to build a $2.3 billion railroad after it failed to secure Beijing’s financial backing for the project.

Brazil’s best performing hedge funds are kicking off the new year betting on a bit of everything: a rally in crude prices, the impact of China’s reopening on global activity and shorting strategies for another slump in US stocks. The one thing they are avoiding? Their own country.

TotalEnergies SE and Swiss energy trader MET Group booked capacity at a new LNG terminal in Germany, helping boost supplies to Europe’s biggest economy as it looks to replace Russian gas.

French power prices advanced after the start of two nuclear reactors were pushed back, denting the nation’s ramp up in capacity at a time they are most needed.