Bloomberg Business

Volkswagen AG is adding improved design to a string of changes aimed at enticing more buyers as sales of electric models in China flag and competition intensifies.

Guatemala’s top electoral tribunal overturned the suspension of Bernardo Arevalo’s party, representing a victory for the incoming president’s Movimiento Semilla as he prepares to take office in 2024.

New Zealand’s two main political parties launched their election campaigns over the weekend, with both promising to ease the cost-of-living crisis and warning of dire consequences if the other wins.

A pair of bond sales in the past week shows how European governments are increasingly turning to households to tackle the challenges of a high interest-rate landscape.

HSBC Holdings Plc’s Saudi Arabia unit named two new managing directors and co-heads of investment banking, as global lenders increasingly compete for a slice of deals stemming from the Gulf nation’s bid to transform its economy.

Italy’s finance minister Giancarlo Giorgetti defended the windfall tax on banks announced in August and urged not to rush the sale of Banca Monte Paschi di Siena SpA, an issue that’s stirring discord within his ruling coalition.

Nigeria’s government is discussing the creation of a state company to regulate its mineral extraction industry and provide funding for local businesses.

US Commerce Secretary Gina Raimondo said her visit to China produced “a great deal of progress,” though “there can be no trust” unless Beijing takes action in areas such as more predictable regulations.

Russia launched waves of Shahed loitering drones overnight aimed at port facilities and other infrastructure in Ukraine’s southern Odesa region. Ukrainian media reported explosions and a fire in Reni, a major Danube River port near the Romanian border. NATO member Romania confirmed a strike on Reni’s port infrastructure, calling it a “deep contradiction with the rules of international humanitarian law.”

Investors hoping to hear from Giorgia Meloni at the annual Ambrosetti Forum — particularly on her interventionist moves on Italian companies — were left disappointed when the prime minister opted instead to attend the Formula 1 Grand Prix just down the road.