Bloomberg Business

The pound slumped to a six-month low and gilts fell on worries the Bank of England is being too timid in its fight against inflation, setting the nation’s assets up for further losses.

South Africa’s beleaguered state ports and rail company deepened its feud with the private sector, accusing business chambers of intimidation because they owe it money.

South Africa’s central bank kept its benchmark interest rate unchanged, while signaling that borrowing costs are likely to stay higher for longer because of persistent inflation risks.

The new features from Google’s video site include a way to generate AI-created video for backgrounds and new video production tools

(Bloomberg) — The European Central Bank is more likely to lower borrowing costs as a next move, rather than raise them further, Governing Council member Yannis Stournaras said in the clearest remarks yet on rates likely having reached their peak.

Executives from companies, banks and asset managers published guidelines aimed at helping businesses disclose the risks they face from dwindling ecosystem resources, part of a broader global effort to get more funds devoted to halting and reversing nature loss.

Commercial real estate values are plunging and many borrowers are struggling, but Apollo Global Management Inc. co-president James Zelter sees an opportunity in the downturn.

In a real-world study of people with Covid-19, Pfizer Inc.’s antiviral Paxlovid was less effective at preventing the infection’s most serious cases than it was in initial trials.

Elon Musk’s satellite internet service is heading deeper into one of the world’s oldest and vast economic frontiers: the high seas.