Bloomberg Business

Group of Seven leaders understand that the war in Ukraine may be lengthy but are prepared to support the country for as long as it takes, Canada’s prime minister said in an interview.

When German Finance Minister Christian Lindner was asked this year where he sits on the “government boat” – in the middle, at the stern or on the lower deck — he didn’t hesitate: “At the helm.”

Puerto Rico’s bankrupt power utility has reached a deal with BlackRock Financial Management and Nuveen Asset Management to slash its debt load by about 75%, even as other creditors have said they oppose the accord.

Apple Inc.’s chief security officer must face a criminal charge that he bribed California officials for gun licenses after a state appeals court revived a case that was dismissed two years ago.

Instacart filed plans to go public on Friday — and in doing so, pulled back the curtain on a grocery-delivery business that has faced a rapid slowdown in the growth of its core business and is searching for new ways to make money.

Forest City, Country Garden Holdings Co.’s mega-development off Malaysia’s southern coast, will be designated a special financial zone and will be granted benefits aimed at attracting more residents, Prime Minister Anwar Ibrahim said.

US-based cryptocurrency exchanges such as Coinbase Global Inc. and Kraken would have to report detailed information on their clients’ transactions to the IRS starting in 2026 under a new Treasury proposal.

Hong Kong is betting free alcohol and longer shopping hours will revive the city’s once-bustling nightlife.

China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks unless market boosting efforts are accompanied by stronger stimulus to support growth.

Federal Reserve Chair Jerome Powell signaled interest rates will stay high and could rise even further should the economy and inflation fail to cool.