Nio Inc. is considering raising around $3 billion from investors, according to people familiar with the matter, as questions swirl around the Chinese electric-car maker’s health amid mounting losses.
Turkish President Recep Tayyip Erdogan traveled to a part of Azerbaijan that’s cut off from the rest of the country on Monday as he seeks to capitalize on regional turbulence to advance plans for a trade route through the Caucasus.
China’s Vice Premier He Lifeng expressed “strong concern and dissatisfaction” on Monday to the European Union’s chief trade negotiator Valdis Dombrovskis over the bloc’s anti-subsidy probe into Chinese electric vehicles.
Deutsche Bank AG’s DWS asset management arm agreed to pay a total of $25 million to settle Securities and Exchange Commission probes into alleged greenwashing and anti-money laundering lapses.
Microsoft Corp lost its only sell rating on Monday as Guggenheim upgraded its view on the software giant to neutral, citing a tailwind from generative artificial intelligence.
Alcoa Inc. named William F. Oplinger as chief executive officer, replacing Roy C. Harvey, who has led the largest US aluminum producer since its split from Arconic Corp.
Novo Nordisk A/S agreed to partner with the US technology company Valo Health Inc. to use artificial intelligence to find new drugs in a deal that could be worth as much as $2.7 billion.
Oil’s recent move higher is making waves around the world as supplies buckle amid a growing appetite for crude and petroleum products, threatening to complicate the task of central bankers in their efforts to tame inflation. Meanwhile, the International Energy Agency hosts three events this week in Paris focused on the energy transition, including one on critical minerals Thursday.
Egypt will hold its next presidential election in December, with the vote taking place earlier than expected as authorities face pressure to devalue the currency and take other steps to end an economic crisis and unlock funding from the International Monetary Fund.
Ben Bernanke’s review into the Bank of England’s forecasting process will look into whether the market path for interest rates should continue to be used as the main assumption from which to build its projections.
