Bloomberg Top News

Procter & Gamble Co.’s premium skin-care business is suffering as Chinese consumers refrain from traveling to shop.

Some 58% of the ocean surface experienced at least one marine heat wave last year, according to the World Meteorological Organization.

Bank of England policy maker Silvana Tenreyro warned that interest rates are higher than the economy can bear and that overtightening would be like Milton Friedman’s “fool in the shower” who scalds himself by being too impatient to wait for the water to warm up.

SAP SE, Europe’s biggest software company, forecast operating profit for the year that was ahead of analysts’ estimates after it announced job cuts and plans to refocus the company on its faster-growing cloud business.

Crypto trading volumes seem to have surged last quarter as token prices spiked higher. But looking at the data more closely paints a different picture.

US business activity unexpectedly climbed this month to nearly a one-year high, bolstered by stronger services and manufacturing that threatens to reignite inflationary pressures.

Fox Corp. Chief Executive Officer Lachlan Murdoch dropped a defamation lawsuit he filed last August against an Australian news site over a piece it published about him and the effort to overturn the 2020 US presidential election.

The chief executive officer at asset manager Duet Group took all major strategic decisions on a controversial dividend-tax trading strategy that cost Germany €92 million, a key witness said at a German criminal trial.

Ping An Insurance Group Co. said HSBC Holdings Plc doesn’t respect the concerns or views of its shareholders, the latest sign that relations between the two companies are at a low ebb ahead of the British bank’s first quarter results and annual meeting in early May.

AT&T Inc. shares rose 2.6% on Friday, after HSBC took advantage of a steep earnings-driven selloff to upgrade the telecom company to buy from hold.