Bloomberg Business

Floods left a trail of devastation across Greece and Turkey, while Paris and London are baking under an autumnal heat wave.

China’s imports from Russia surged by the most ever in dollar terms, bucking an overall decline in its purchases of foreign goods as trade between the neighbors booms.

House Speaker Kevin McCarthy blasted the volatile economic policies of China’s ruling Communist Party, and called on the US to reduce its reliance on the world’s second-largest economy.

Allianz SE is planning to invest €20 billion ($21.4 billion) in renewable energy and low-carbon technology by 2030, as it unveils its first ever net zero transition plan.

Representatives of Vedanta Resources Ltd. are traveling to Singapore and Hong Kong to meet bondholders, as the junk-rated Indian miner faces repayment of about $2 billion of notes next year.

A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($2.5 billion) by offloading shares in London Stock Exchange Group Plc via an overnight placing.

Toyota Motor Corp. is overhauling the management of its automotive-technology division as the unit shifts from being a research arm to become more involved in the production of next-generation vehicles.

Launches of emerging-market equity funds that exclude China have already reached a record annual high in 2023, as investor concerns grow over weak returns as well as the risks of investing in the nation.

South African Environment Minister Barbara Creecy said she expects the long-delayed implementation plan for an $8.5 billion climate pact with some of the world’s richest nations to be completed by the COP28 summit that starts on Nov. 30.

UBS Group AG hired Italian top manager Giovanni Ronca to head its expanded wealth management business in the country as the Swiss lender moves ahead with the integration of Credit Suisse.