Swedish shoppers drove retail sales to their highest monthly gain since before the pandemic, adding to signs of recovery in household spending and bolstering the central bank’s view of no further easing.
Russia appears to have overcome for now a deficit of yuan that led to a spike in short-term borrowing costs after the US threatened to penalize lenders for processing cross-border payments.
Uganda sought to dispel fears among HIV patients that a US aid freeze will interrupt treatment and promised that such programs will continue.
Rwandan President Paul Kagame accused his South African counterpart of “lies” and “distortion” over comments about the conflict in eastern Democratic Republic of Congo, ratcheting up tensions between the two leaders amid regional efforts to secure a ceasefire.
Over the past five years, clean energy company valuations have reached new heights. As the ESG hype cycle ends, inflated public market valuations have given way to industry fundamentals. Increasing energy demand aided by the hype around AI and data centers mean that the world needs more clean power than ever before,
BT Group Plc’s struggling business segment dragged down sales in the third fiscal quarter as the company prepares to carve out the unit.
The Hungarian economy climbed out of recession at the end of last year though it was far from gaining momentum, complicating Prime Minister Viktor Orban’s plans to generate strong growth before crucial elections in just over a year.
Takeda Pharmaceutical Co.’s board has selected Julie Kim, the head of the company’s US unit, to replace Christophe Weber as the drugmaker’s new chief executive officer.
Philippine President Ferdinand Marcos Jr. said he wants to meet with US President Donald Trump to discuss immigration policy amid reports that some Filipinos are at risk of deportation.
Tanzania signed a $2.15 billion deal with two Chinese firms to construct a railway linking its main port of Dar es Salaam to a nickel mine in neighboring Burundi.
Jerome Powell, chairman of the US central bank, said that the bank is pausing to see further progress on inflation getting toward target following a string of cuts last year.
Nordea Bank Abp reported better-than-expected net interest income in the fourth quarter with its core business demonstrating resilience in the face of declining interest rates.