Bloomberg Top News

Rio Tinto Group, the world’s biggest iron ore producer, has brushed off concerns about falling steel demand in China, saying the Asian nation’s overall economic outlook is good.

Former Federal Reserve regional presidents Robert Kaplan and Dennis Lockhart are becoming concerned over the recent US regional banking turmoil which has started engulfing one lender after the other this year.

Zalando SE was close to break even on its first-quarter adjusted earnings, beating analyst estimates, as the German online fashion retailer’s focus on profitability has boosted its performance.

Chinese stocks trimmed an early loss as traders weighed upbeat holiday travel data against a contraction in factory output.

BluSmart Mobility, an Indian ride-hailing startup that uses only electric vehicles, has raised $42 million as it intensifies its battle against the two dominant operators, Uber Technologies Inc. and Ola Cabs.

Vodafone Group Plc and CK Hutchison Holdings Ltd. are nearing a £15 billion ($19 billion) agreement to combine their UK telecommunications businesses and create the country’s biggest mobile-phone operator, according to the Financial Times.

Dubai-based GEMS Education is considering options for the business after talks to sell a controlling stake to a consortium of Abu Dhabi state-backed entities stalled over valuation, according to people familiar with the matter.

Desperate to find new markets for the vast quantities of natural gas it once sent to Europe by pipeline, Russia is on a mission to dramatically increase its ability to export the fuel by sea.

China’s economic recovery showed further signs of imbalance, with manufacturing activity contracting for the first time in months while a surge in holiday travel fuels consumer spending.

Chinese tourists returned to the skies in droves over the Labor Day holidays as people embraced travel again following the end of Covid curbs, providing a bright spot for an oil market facing broader demand concerns.