(Bloomberg) — The European Union will pledge to prop up its wind industry in the face of toughening global competition, supply-chain bottlenecks and financing concerns to ensure that the bloc can meet ambitious climate and sustainable growth plans.
Switzerland wants to bid for the 2030 Winter Olympics, pledging to spread venues across the country and avoid new construction in order to win over skeptical locals who’ve rejected past attempts to host the Games.
Oil leaped higher after Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of wider hostilities in the Middle East.
Nasdaq Inc. reported sales that beat expectations after the initial public offering market picked up last quarter.
Bank of Nova Scotia will cut 3% of its employees and take a writedown on its investment in a Chinese bank, leading to a C$590 million ($432 million) hit to earnings in the fourth quarter.
Goldman Sachs Group Inc. is tapping the US investment-grade market on Wednesday, joining rivals JPMorgan Chase & Co. and Wells Fargo & Co. in selling bonds post-earnings even as borrowing costs rise.
Billionaire Daniel Dantas has spent the past 30 years increasing his fortune through the Opportunity firm he helped found in Brazil. Now it’s investing directly in US real estate for the first time.
A measure of US mortgage applications stumbled to an almost three-decade low as borrowing costs increased for a sixth-straight week, indicating further downside momentum for a battered housing market.
The US sanctioned several individuals associated with Hamas’ “secret” investment portfolio as well as two senior members of the organization’s leadership in a move designed to limit the group’s ability to raise funds following its attack on Israel.
India, the world’s second-biggest sugar producer, extended its export restrictions in a renewed bid to protect domestic supplies, a move that’s likely to tighten the global market and raise costs for the food industry.
