Turkish investors are starting to exit a tool designed to halt a selloff in the lira and are moving their money into regular dollar accounts, putting pressure on the central bank to meet increasing demand for foreign exchange.
Tensions between China and India threaten to prevent Group of 20 leaders from issuing a joint communique for the first time since the forum was created in 1999, according to people familiar with the situation.
Euro-area inflation stopped slowing in August, presenting European Central Bank officials with a quandary as they weigh whether pressures are too persistent to risk a pause in interest-rate hiking.
Greek Prime Minister Kyriakos Mitsotakis pledged to boost the country’s technological toolkit to prevent wildfires after his country suffered the most destructive blazes in 16 years.
Binance Asia-Pacific’s head Leon Foong is leaving the world’s largest crypto exchange, according to people familiar with the matter.
Anguilla is expected to make millions this year from a surge in demand for web addresses ending with .ai, thanks to the frenzy around artificial intelligence.
Sino-Ocean Group Holding Ltd. has won bondholder approval to extend repayment for a yuan note, giving the state-backed developer some breathing room to cope with an industry-wide cash crunch.
Rishi Sunak appointed long-time ally Grant Shapps to be the UK’s defense secretary, as the prime minister begins to shape his team ahead of a general election that’s widely expected next year.
Russians are the top buyers of properties from Dubai’s biggest developer, a sign that demand from investors seeking safe havens remains strong more than a year after Moscow’s invasion of Ukraine.
An arm of India’s biggest lender HDFC Bank Ltd. is seeking to raise as much as $2 billion for a real estate private credit fund as demand for new homes surges in the world’s most populous country.
