Bloomberg Business

One of the world’s biggest managers of top-ranked ESG funds as defined under European rules is stripping the classification from roughly $14 billion of client savings.

Blue-chip companies are expected to storm the bond market in January before funding costs increase and the economy deteriorates.

An ally of former Pakistan premier Imran Khan was removed as chief minister of a key province after he failed to seek a confidence vote from lawmakers, a blow to the opposition leader’s plan to dissolve the state legislature and force snap elections.

This Christmas holiday could be the “greenest yet” thanks to advances in the UK’s renewable energy provisions, the government said.

Sales of new US homes unexpectedly rose in November, suggesting some stabilization in demand as mortgage rates eased late in the month from their highs.

Elon Musk said again that he’ll stop selling Tesla Inc. shares, after disposing almost $40 billion of his holdings contributed to the stock plummeting to a two-year low.

US short-term inflation expectations fell further at the end of the year and consumer sentiment improved, reflecting easing price pressures and relief at the gas pump.

With recession worries growing, power may shift back to employers and threaten perks gained during the pandemic.