Bloomberg Business

The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks.

Alan Joyce is bowing out at Qantas Airways Ltd. with an unprecedented cash splurge, underscoring the profitability of the post-Covid era and reigniting concerns about the soaring cost of air travel.

Australia could face economic losses of as much as A$423 billion ($274 billion) in reduced productivity if global action fails to halt extreme climate change, one of a raft of challenges in the coming decades along with an aging population and waning growth.

Chinese real estate stocks are close to losing all the gains notched during last year’s massive reopening rally as troubles mount for the debt-laden sector.

Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth.

Stellantis NV is considering a tie-up with a Chinese electric vehicle company as Europe’s second-largest automaker by sales seeks to bolster its presence in the world’s biggest auto market, according to people familiar with the matter.

Boeing Co. discovered that its largest supplier improperly drilled holes in a component that helps maintain cabin pressure of the 737 Max jet, threatening to derail delivery targets for its best-selling model.

North Korea failed for the second time in about three months to put a spy satellite into orbit when its rocket had troubles soon after launch, dealing a blow to Kim Jong Un who wanted a reconnaissance probe to keep an eye on US forces.

Bitstamp, one of the oldest digital-asset exchanges, will discontinue staking services in the US amid a crackdown on the product by the Securities and Exchange Commission.

Grab Holdings Ltd. shares jumped 11% after the company brought forward its profitability target and posted a narrower quarterly loss, buoyed by extensive cost cuts at the Southeast Asian ride-hailing and food-delivery provider.