South Africa’s presidency is proposing spending as much as 88.5 billion rand ($4.6 billion) a year to tackle poverty at a time when the National Treasury is cautioning that the country has run out of money.
Chocolate’s allure may be dimming for Asian consumers. Soaring cocoa prices are beginning to dent demand increases in one of the biggest growth markets for the sweet treat, according to top agricultural commodities trader Cargill Inc.
Italy’s push for a quick sale of a stake in state-owned ITA Airways to Deutsche Lufthansa AG is at risk of clashing with the pace set by the European Commission.
Offices in London’s West End theater and shopping district should yield better rental returns than those in the British capital’s traditional financial area due to their tight supply, according to Goldman Sachs Group Inc.
A measure of New York state factory activity unexpectedly expanded this month, driven by snapbacks in orders and shipments.
Norway’s wealth fund said companies should move from “target setting to transition planning,” as the $1.4 trillion fund aims for a net zero emissions portfolio by 2050.
The team running UBS Group AG’s multi-manager private equity strategy has cash on hand and says opportunities are opening up after fundraising became more difficult in the past 18 months and interest rates shot to 20-year highs.
Kristine Braden, the head of Citigroup Inc.’s Europe unit, is leaving the US lender amid Chief Executive Officer Jane Fraser’s comprehensive reorganization of the top management structure to boost returns.
Home purchases across the US are getting canceled at the highest rate in almost a year as rising borrowing costs weigh on buyers.
Monaco and the European Union have suspended negotiations to create closer ties because of a disagreement over the principality’s insistence on maintaining priority access for locals to work and housing.
