Bloomberg Business

The Federal Reserve could cut interest rates this year, sending Treasury yields tumbling as the risks of a recession become ever more real, according to Jupiter Asset Management.

China National Offshore Oil Corp. pledged higher spending this year as Beijing looks to raise production to safeguard energy security and fuel a rebound in economic growth.

Ghana’s inflation rate surged more than expected in December, driven by steep increases in food, transport and housing costs in the West African country.

Unions are refusing to take part in a pay review process they described as a “total farce” on the latest day of industrial action in the UK’s National Health Service.

California faces more drenching rain as a historic drought has given way to flooding that’s killed at least 17 people, closed highways and sent residents fleeing for their lives.

The threat of recession, the cost-of-living crisis and mounting debt distress will dominate the global economy in the next two years as it struggles to move on from the pandemic and war in Ukraine, according to a survey by the World Economic Forum.

World Wrestling Entertainment Inc.’s chairwoman and co-chief executive officer, Stephanie McMahon, has resigned from the company after her father’s return this month as executive chairman.

Top US makers of Covid drugs appear to be pushing back on China’s efforts to get them to cut their prices, underscoring the challenges the country faces in giving its vast population easy access to antivirals.

Federal Reserve officials are making a full-court-press effort to convince investors they won’t be slashing their benchmark interest rate before year’s end.