Bloomberg Business

The US merchandise-trade deficit narrowed in November to the smallest since December 2020 due to a plunge in imports.

Businesses in Quebec are looking at all the usual hurdles as they plan for next year: Inflation, supply chains, employee turnover. And then there’s the language police.

The US housing market continued to sag in October as the impact of higher mortgage rates and concerns over the economy rattled buyers and sellers.

Ukrainians’ resilience is helping arrest a plunge in economic growth, and inflation is accelerating slower than expected in the face of Russia’s campaign to destroy the nation’s energy infrastructure, the head of the central bank said.

The euro area faces a “very difficult economic situation” that will test individuals and businesses, European Central Bank Vice President Luis de Guindos said.

(Bloomberg) — The end of 2022 can’t come soon enough for many in the banking industry. Sputtering capital markets, job cuts, raging inflation, the crypto meltdown and rising interest rates marked a year of upheaval. Whether 2023 brings revival or more of the same hinges to a large extent on the Federal Reserve.

The Spanish government announced a fresh batch of measures worth €10 billion ($10.6 billion) for 2023 to help ease naggingly-high inflation stoked by the war in Ukraine.

As 2022 unfolded, Chicago’s long-troubled pension funds faced a new shortfall: A delay in property tax receipts left the system without enough money to pay the city’s retirees.

China will start issuing new passports and Hong Kong travel permits to mainland residents as it removes some of the tourism barriers from three years of strict Covid restrictions.