China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains the world’s No. 2 economy and Beijing’s finances.
The balmy weather engulfing the UK is poised to give way to more normal temperatures next week, boosting energy demand for heating.
Water levels at the Kariba reservoir plunged to a record low of less than 1%, curtailing power supply to Zambia and Zimbabwe and shuttering the tourism and fishing industries.
Hong Kong’s retail sales unexpectedly dropped in November by the most in eight months as the city struggled to shake off the lingering effects of its pandemic-era controls and a slowing global economy.
Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter.
French inflation unexpectedly slowed in December, adding to signs of easing price pressure throughout the euro area.
Food inflation in UK stores jumped to a record high last month with retailers warning of another year of elevated prices.
Chinese bureaucrats are discussing plans to resume some imports of Australian coal after a more than two-year ban as relations between the nations improve.
H2O Asset Management was fined a record of €75 million ($79 million) in France over accusations the London-based fund harmed investors by making unauthorized investments in illiquid securities owned by controversial German financier Lars Windhorst.
Air France-KLM is turning to a much-debated part of the ethical bond market to repay state aid that helped it weather the coronavirus pandemic.
