B&M to Buy Up to 51 Wilko Stores from Collapsed Retailer
Budget retailer B&M European Value Retail SA is set to buy as many as 51 stores from its collapsed UK rival Wilko Ltd. in the first deal since the chain fell into administration last month.
Bloomberg Business
Kenya Wants Africa to Sell Green Solutions at COP, Not Seek Aid
At a summit in Nairobi this week, Kenya’s President William Ruto is encouraging African leaders to offer the continent’s abundant sun, wind and green mineral sources as energy solutions at the UN climate conference COP28.
Gulf Royal’s $1.5 Trillion Empire Draws Bankers and Billionaires
Sheikh Tahnoon is increasingly becoming the face of the UAE’s global aspirations.
Climate Change Means Californians Need Flood Insurance Now, Too
When Tropical Storm Hilary slammed into the normally dry state, it showed nowhere is immune to flooding as global warming fuels extreme weather.
TikTok Hires UK Security Firm to Audit European Data Protection
Bytedance Ltd.’s TikTok hired a UK firm to audit its data controls and protections in Europe, as the Chinese-backed app seeks to allay concerns over practices that have led to bans across the continent.
South Africa Economic Growth Surprise Helps Rand Pare Losses
South Africa’s economy grew faster than expected on improved output in the finance and manufacturing industries. The rand pared earlier losses and bond yields retreated from session highs after the data.
World Bank in Talks to Double Turkey Exposure to $35 Billion
The World Bank is in advanced talks to potentially double its exposure to Turkey to $35 billion to help stabilize the Middle East’s largest non-oil economy, according to people with direct knowledge of the matter.
Russian Mercenary Threat in Belarus Abating, Baltic Leader Says
Russian mercenary forces in Belarus have shown signs of “confusion” after the death of Wagner founder Yevgeny Prigozhin, defusing an immediate threat to the region, Lithuania’s president said.
Norway Home Prices Fall, Backing View That Rate Peak Is Near
Norwegian home prices fell in August for the third time in four months, in what’s likely to support expectations of an imminent end to monetary tightening.
Modi Replaces ‘India’ in G-20 Invite in Nationalist Push
Prime Minister Narendra Modi’s government has replaced India with an ancient Sanskrit word in dinner invitations for the Group of Twenty summit, echoing his party’s Hindu nationalist push to erase from society what it deems to be colonial-era names.
