Bloomberg Business

African leaders called for wide-ranging debt relief and a flood of climate finance to help the continent boost its electricity generation from renewable sources almost sixfold by 2030.

Singapore police seized S$125 million ($92 million) from a suspected money launderer’s accounts with Bank Julius Baer and Credit Suisse Group AG’s local unit as a billion-dollar scandal continues to unfold.

Saudi Arabia’s biggest source of employment and corporate profits will emerge largely unscathed from the oil production cuts that threaten a contraction in the $1 trillion economy, according to the International Monetary Fund.

Brazil’s lower house of congress approved a bill that limits the growth of credit card debt to 100% of its original amount as part of a plan to rein in interest rates of about 450% a year that are charged on consumers who fall behind on payments.

Three US carriers warned about an unexpected surge this quarter in the price of jet fuel, one of the industry’s highest expenses, adding to lingering concerns about demand in domestic markets, lower fares and rising labor costs.

The market for carbon offsets is approaching a “material tipping point” following months of bad news that’s spooked investors, according to an analysis by Morgan Stanley.

Russia’s central bank will offload 150 billion rubles ($1.5 billion) of foreign exchange in the domestic market, in what it said is a temporary acceleration of previously planned sales that should take some pressure off the ruble after one of the biggest depreciations among emerging economies.