Bloomberg Business

Video-game director Stig Asmussen, who led efforts to rebuild Electronic Arts Inc.’s Star Wars game franchise, is leaving the company.

The US approved the sale of as many as 25 F-35 fighter jets to South Korea, a major weapons offer to a key regional ally after a summit aimed at expressing unity in the face of China’s growing assertiveness.

Ukraine’s President Volodymyr Zelenskiy said defense and security spending for next year “will be as much as this year’s level,” at 1.6 trillion hryvnia ($43.8 billion). “At least!,” he added. In his nightly address, he said nearly 100 billion hryvnia (almost $3 billion) would go directly for weapons production, including Ukraine’s “drone army,” which he said is showing strong results.

Argentina has essentially no dollars. Which, as critics see it, is a major impediment to presidential front-runner Javier Milei’s plan to dollarize the crisis-ravaged economy. Even Milei’s own advisers are starting to get fidgety about how barren the vaults are.

Inflation soared beyond expectations in Argentina last month after an abrupt currency devaluation, deepening the nation’s economic crisis before a presidential election in October.

Oil hovered near its highs of the year as the International Energy Agency added to a drumbeat of forecasts that the market will tip into a significant supply deficit in the second half of this year.

A luxury cruise ship carrying more than 200 people is set to be stranded for days in a remote area of Greenland’s Arctic after getting wedged in the muddy seabed.

Citigroup Inc. is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser launches the biggest restructuring of the Wall Street giant in two decades, part of her effort to reverse a years-long slump in the stock price.

The US trucking industry appears poised for a rebound, which threatens to tighten a diesel market already contending with some of the lowest stockpiles in more than two decades.