Bloomberg Business

Russian diamond miner Alrosa PJSC has taken the almost unprecedented step of halting all its diamond sales in an attempt to prop up plunging prices.

South Africa’s government aims to end rolling blackouts by the time of next year’s elections and in the interim the state power utility needs to continue burning diesel to bolster output to save lives and jobs, according to the nation’s electricity minister.

China needs to “appropriately” ramp up support to achieve the government’s economic growth target of about 5% this year, the former central bank chief Yi Gang said.

Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.

Venezuela’s state-controlled oil company can’t use US sanctions as an excuse for not paying what it owes on $348 million in defaulted debt, a federal appeals court in New York ruled.

Two top Polish policymakers signaled the central bank will move more cautiously in cutting interest rates after an unexpectedly sharp reduction earlier this month pummeled the zloty. The currency rallied.

Bank of America Corp. will increase its minimum hourly wage to $23 next month, taking another step toward a goal of paying $25 by 2025, as employers respond to a strong labor market.

Exposure to dangerous pollution caused by wildfires is on the rise and likely to continue, according to a study published just as a surge of hot, dry weather stokes the risk of flare ups globally.

A former Wall Street trader who became the head of a major crypto company has been caught up in allegations about drug use and his relationship with a 19-year-old intern at a Bitcoin conference last year as part of a lawsuit filed by a former colleague.

General Electric Co. and Safran SA said thousands of jet-engine parts with falsified documents were sold to global aircraft fleets at the hands of a UK supplier, potentially wreaking havoc among airlines now racing to identify the components on their jets.