Bloomberg Business

ESG is dividing investment trends across the globe.

The UK is facing a significant shortage of reliable power generation as nuclear, coal and gas plants will close in the years ahead without being replaced.

The Philippines’ largest exporter groups on Tuesday urged the government to exempt their local purchases from a 12% value-added tax to help them offer competitive prices in the international market.

Switzerland’s tab for shoring up its reputation as a financial center could run to 12,500 Swiss francs ($13,500) for every man, woman and child in the country.

Morocco looks set to extend its cycle of monetary tightening into this year, doubling down on efforts to tame the fastest inflation in decades by continuing with its first interest-rate increases since 2008.

The cost to borrow overnight in Hong Kong jumped the most in at least 17 years, with market watchers pointing to stress in the global financial system as well as cash hoarding by banks ahead of the Federal Reserve rate decision and the quarter-end.

UBS Group AG is more reliant for its capital on the type of risky bonds that were wiped out in the Credit Suisse Group AG takeover than any other major lender in Europe.

The European Union’s lending arm reversed a four-year ban on providing financing to Turkey, pledging €500 million ($536 million) for reconstruction and recovery efforts in the country and Syria after last month’s deadly earthquakes.

Mercedes-Benz Group AG suffered a setback in a dispute at the European Union’s top court over its duty to compensate owners of cars equipped with illegal computer technology that overrides anti-pollution systems in order to protect components at low temperatures.

European Central Bank Governing Council member Robert Holzmann is less certain than previously about whether three additional big interest-rate increases will be needed, following recent turmoil in the banking system.