Bloomberg Business

Converting the world to entirely clean energy will require $10 trillion worth of investment, but continuing to rely on fossil fuels would cost about $14 trillion, according to Elon Musk.

Zambia will need official creditors led by China and France to agree to a debt-relief deal before the International Monetary Fund signs off on funding of about $188 million to the southern African nation, where restructuring delays have already knocked its currency and fanned inflation.

Treasury yields extended a slump and US equity-index futures slipped as bets the world economy is set for a sharper slowdown outweighed concerns over elevated inflation and monetary tightening.

Spain is providing 2.1 billion euros ($2.3 billion) to help fund South Africa’s energy transition and water needs, even as some of the world’s richest nations struggle to push forward on a ground-breaking climate-finance initiative with the continent’s most-industrialized country.

Companies like Gogoro are proving that two- and three-wheelers are well suited to battery swaps, which can alleviate range anxiety.

Hospital leaders in England warned they cannot guarantee patient safety during a four-day walkout by junior doctors next week, piling pressure on Prime Minister Rishi Sunak to try to end the long-running dispute over pay.

The worst quarter in years for US mergers and acquisitions just ended, but considering all the recent chaos, arbitrage traders insist it could’ve been worse. And that gives them hope for what comes next.

HSBC Holdings Plc bought the UK unit of Silicon Valley Bank over the course of one frantic March weekend. The finer details of exactly what the British lender got for £1 ($1.25) are starting to emerge.

Hermes International, the maker of the iconic Birkin handbag, soared past €200 billion ($218 billion) in market value for the first time ever this week, surpassing Swiss drugmaker Novartis AG.