Bloomberg Business

The European Central Bank’s decision is a cliffhanger for investors, but even participants in the meeting have no inkling of the likely outcome, according to people familiar with the matter.

Alibaba Group Holding Ltd. will put artificial intelligence and user experience at the top of its priorities, as its new leadership seeks to reclaim customers and market share in a fiercely competitive arena.

The European Union will support Greece with as much as €2.25 billion ($2.4 billion) to mitigate the economic impact of last week’s floods that killed 15 people and destroyed infrastructure and agricultural land.

Russian President Vladimir Putin praised Elon Musk as an outstanding person and talented businessman, just days after the chief executive officer of SpaceX acknowledged preventing Ukraine from using his company’s Starlink satellite network for an attack on Russian warships.

Concern over China’s sputtering economy has created a “dramatic shift” in investors’ equity allocation — a rush toward the US and an exodus from emerging markets, Bank of America’s latest global fund manager survey showed.

Inditex SA is racing to iron bugs out of a new anti-shoplifting system for its Zara stores, slightly delaying its rollout partly because the security tags were easy to identify and remove in initial tests, according to people familiar with the matter.

Sri Lanka’s exchange of defaulted local debt for new bonds brought it closer to completing its restructuring this year, after the nation’s worst economic crisis in decades led to mass protests and the ouster of its leadership in 2022.

The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary decisions across the developed world pivotal in mapping out that plateau.

A former Credit Suisse banker’s wealth firm is closing down after soured investments left him saddled with debt in a rapid downfall for one of London’s feted money managers.