The UK’s worst air-traffic outage in a decade was caused by an anomaly in the airspace manager’s software system, which confused two geographical checkpoints separated by some 4,000 nautical miles.
Turkey will use “tight monetary policy” to slow inflation, President Recep Tayyip Erdogan said in Ankara on Wednesday.
Britain’s national forecaster warned of “tropical nights” this week as heat builds again across much of Europe.
A gauge of US mortgage applications for home purchases fell to a 28-year low last week, underscoring the stifling effect of high mortgage rates on buyer demand.
European Union officials will begin meeting with member states this week to outline the bloc’s plan on how to impose a windfall tax on profits generated by more than €200 billion ($215 billion) of frozen Russian central bank assets to aid Ukraine’s reconstruction.
Oman’s sovereign wealth fund will buy a minority stake in US-based Our Next Energy Inc., which specializes in battery technology for electric vehicles and energy storage, adding to its expanding portfolio of sustainable investments.
Microsoft Corp. and Apple Inc. face fresh investigations from European Union regulators as part of the bloc’s landmark digital markets clampdown, which could end up forcing significant changes in how the firms do business in the region.
Southeast Asian leaders committed to keep the flow of agricultural products unimpeded and refrain from using “unjustified” trade barriers as the region grapples with the impact of the El Nino dry spell.
Universal Music Group NV and French company Deezer SA said they have developed a new music-streaming model that better compensates artists and the songs that fans actively engage with.
Barclays Plc hired investment bankers Maneet Singh and Jon Swope to bolster its health-care advisory business, according to a statement reviewed by Bloomberg News.
