Bloomberg Business

Russia’s oil product exports dropped to an 11-month low in August as refineries wound down operations for planned autumn maintenance.

Jared Kushner’s Affinity Partners is acquiring a $150 million minority stake in an Israeli car company, marking the first investment in Israel for the Miami-based private equity firm that is backed by Saudi Arabia’s sovereign wealth fund.

More than 3 million children may lose their spots after federal child-care funding expires Sept. 30

26North Partners, the investment firm started by Apollo Global Management Inc. co-founder Josh Harris, named seven new partners for an array of roles as it starts a direct-lending business.

Majid al Suwaidi, the director general of COP28, insisted that a loss and damage fund to help the poorest nations deal with the impact of global warming will be made fully operational at this year’s global climate summit in Dubai — a year after agreement was reached to establish it.

Hungary has submitted a formal offer to buy a majority stake in Budapest Airport in a transaction that could be valued at about €4 billion ($4.3 billion), according to a person familiar with the matter, potentially ending years of wrangling over the hub’s fate.

Chow Tai Fook Enterprises Ltd., the private family office of billionaire Henry Cheng, will keep NWS Holdings Ltd. listed on Hong Kong’s stock exchange after its buyout of the majority stake is finalized, clearing up uncertainty among investors about the future of the infrastructure firm.

Marine and atmospheric heat waves battered most of the Northern Hemisphere, unleashing fires and deadly storms.

After bouncing back from Credit Suisse’s AT1 writedown debacle, the market for European banks’ riskiest debt is set to be tested again, with $84 billion notes facing calls in the next two years.