Bloomberg Business

Incoming Prime Minister Benjamin Netanyahu is drawing on right-wing politicians for top posts in his new cabinet that have been criticized by Israel’s president and Western officials.

(Bloomberg) — Investors positioning for a rally in riskier assets next year may be underestimating the threat from millions of workers around the world protesting for higher wages.

Kostyantin Zhevago, the billionaire owner of Ukrainian iron producer Ferrexpo Plc, was detained in France on suspicion of money laundering and embezzling funds linked to his banking business at home, investigators in Kyiv said.

Sagging stock prices and mounds of debt have put firms in tough situations.

Tencent Holdings Ltd. secured a green-light for another clutch of major game titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena.

The Bank of Japan’s shock move to double its yield cap was aimed at keeping stimulus on tap, not at changing the trajectory of policy, according to a summary of opinions from the December meeting that contributed to a weakening of the yen Wednesday.

Prime Minister Rishi Sunak’s spokesman, Jamie Davies, told reporters the government acknowledges the strikes hitting the UK are causing “massive disruption.”

Colleen Hoover, the genre’s superstar, is the best-selling author in the US this year, including more than 8 million romance novels.

An analyst who called a grim start for homebuilding stocks this year as well as their rebound in recent months is confident that the group will stay strong in 2023.