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Australian toll-road operator Transurban Group and three partners will pay A$11.1 billion ($8.1 billion) to acquire the remaining half stake they don’t already own in a network of Sydney cross-city routes.
Prime Minister Boris Johnson is seeking to smooth relations with France after a joint deal for nuclear submarines between the U.K., U.S. and Australia left the French government furious at losing a multi-billion dollar defense contract. “We are very, very proud of our relationship with France,” he told reporters on his way to New York. “Our love of France is ineradicable.”
U.K. Prime Minister Boris Johnson said he will tell Jeff Bezos that Amazon.com Inc. must pay its fair share of taxes in the country when the two meet on Monday.
Stocks looked set to fall Monday amid challenges for markets from the debt crisis at China Evergrande Group and a Federal Reserve meeting this week that’s expected to hint at moving toward scaling back stimulus.
Prime Minister Boris Johnson arrives in the U.S. on Sunday knowing time is running out if he’s to prevent a critical round of global climate talks he hosts next month from ending in failure.
Christian Democrat Armin Laschet was put on the defensive in Germany’s third election debate as his two main rivals for the chancellery presented themselves as natural governing partners after Angela Merkel departs.
U.K. energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business.
The Swedish economy is robust enough to withstand the effects of the energy crunch that has gripped Europe and filtered into Scandinavia, Swedish Prime Minister Stefan Lofven said.
The dream of owning a home is increasingly out of reach. Democratic and authoritarian governments alike are struggling with the consequences.
One of Thailand’s most polarizing figures is staging a comeback, rallying young pro-democracy protesters from 3,000 miles away in a fresh challenge to military leaders who have held power since 2014.
As President Xi Jinping’s government looks to tame China’s celebrities, the popularity of a new Universal Studios theme park in Beijing shows Hollywood’s enduring soft power among the nation’s 1.4 billion people.
President Vladimir Putin’s ruling party won a decisive victory in legislative polls despite simmering discontent after sidelining political opponents, an exit poll showed.
Buenos Aires Deputy Maximo Kirchner, the son of Argentina’s vice president, said changes to the cabinet appointments were based on the decision of President Alberto Fernandez.
Treasury Secretary Janet Yellen renewed her call for Congress to raise or suspend the U.S. debt ceiling, saying the government will otherwise run out of money to pay its bills sometime in October.
The offshore yuan -- the exchange rate for China’s currency trading outside of the country -- is about to become the center of attention in financial markets around the world.
Canada’s oil heartland of Alberta has been hit with its most dangerous Covid-19 wave, with hospital intensive care beds filling up so quickly that health professionals are preparing to make decisions about who lives and who dies.
The French president is looking for an adequate response, officials say, and will speak with U.S. President Joe Biden in the coming days.
Searchlight Capital Partners and British Columbia Investment Management Corp. have agreed to invest in Adams Outdoor Advertising.
Energy companies and the U.K. government will hold a third day of crisis talks as a surge in gas and electricity prices threatens to put more suppliers out of business and squeeze consumers.
“Shang-Chi and the Legend of the Ten Rings,” a Marvel superhero film, dominated the box office for a third straight weekend, benefiting from few new releases from competing studios.
Lagos, Nigeria’s commercial hub, plans to give Covid-19 shots to 30% of residents within a year, the state’s governor said in an emailed statement.
Deutsche Lufthansa AG will raise 2.14 billion euros ($2.5 billion) by offering new shares to its stakeholders, the airline said in a statement on Sunday.
Nigeria’s President Muhammadu Buhari has ordered that the process to incorporate the state oil firm as a private company should begin immediately.
Bahamas’ opposition Progressive Liberal Party won 32 out of 39 parliamentary seats in last week’s election, the government reported Sunday, making Philip Brave Davis the nation’s new prime minister.
Emerging-market bond sales are springing back to life before this week’s Federal Reserve meeting, as renewed speculation over imminent tapering prompts borrowers to raise money while it’s still cheap.
Advent International has agreed to buy Eureka Forbes Ltd. from the Shapoorji Pallonji Group in a deal that values the maker of India’s ubiquitous water purifiers at 44 billion rupees ($600 million).
House Democrats could initially hold off on sending a $550 billion infrastructure bill to President Joe Biden for signature to help keep the party united and his economic agenda on track, a senior lawmaker said.
President Joe Biden’s chief medical adviser said booster shots for more of the U.S. population remain a possibility soon, as additional data on the still-widening outbreak come in.
Libya’s Prime Minister Abdul Hamid Dbeibah has revoked the Oil Ministry’s suspension of the head of the state energy firm.
It’s been a busy few weeks for the cryptocurrency industry: U.S. regulators flexed their might. One of the most-hyped blockchains broke, kind of. And an insider trading scandal emerged in non-fungible tokens.
In the coming Year of the Taper, it’s the fiscal version that will really bite.
With Canadians set to vote Monday in a highly competitive election, the outlook for the two largest sectors in country’s stock index hangs in the balance.
President Joe Biden will set a new course for global vaccine allocation this week, hosting a summit on the shortage of shots in poorer countries even as the U.S. moves to give booster doses to millions of fully inoculated Americans.
U.S. President Joe Biden and Emmanuel Macron will speak by phone in the next few days as the French president seeks “clarification” about a deal that saw Paris lose its multibillion-dollar submarine contract with Australia.
The U.S.’s top crash investigator urged Tesla Inc. to address safety concerns before expanding its cars’ self-driving features, the Wall Street Journal reported.
Australian Prime Minister Scott Morrison said France was aware of Australia’s concerns on the capability of submarines being built by the European nation, defending his government’s decision to sign a new deal for nuclear-powered ones.
A former Bank of England chief economist will lead Prime Minister Boris Johnson’s bid to “level up” every part of the U.K. by raising living standards, improving public services and spreading opportunity.
The United Arab Emirates reported fewer than 400 coronavirus cases for the first time in more than a year, with just two weeks to go for Dubai Expo -- the biggest in-person event since the pandemic began.
Iraq expects oil prices to be around $70 a barrel in the first quarter of next year, with the market kept in balance by steady supply increases from the OPEC+ cartel and demand continuing to recover from the coronavirus pandemic.
Jimmy Greaves, the fourth-highest goal scorer for England’s national soccer team who scored on his debut for every team he played for, has died. He was 81.
Philippine boxer and Senator Manny Pacquiao announced his candidacy for next year’s presidential elections, presenting a potential obstacle to President Rodrigo Duterte’s succession plans as the race for the top post takes shape.
Olaf Scholz, the German Social Democrat candidate looking to succeed Angela Merkel as chancellor after next week’s election, said conditions for a potential coalition partner would include support for taxing the rich.
There’s “no immediate concern” about fuel supplies running short for consumers in the U.K., Conservative MP Alok Sharma said Sunday.
President Vladimir Putin’s ruling party is set to win a decisive victory in legislative polls despite simmering discontent after sidelining political opponents.
South Africa’s ruling African National Congress is riven by factionalism and “thugs and gangsters” have infiltrated the process for selecting electoral candidates, according to an internal report cited by the City Press newspaper.
Hong Kong’s largest pro-democracy labor organization said it plans to disband amid growing concern that it will be targeted by the government for allegedly violating the national security law.
The appeal of Russian markets is eclipsing risks from President Vladimir Putin’s crackdown on political rivals as the nation goes to the polls in parliamentary elections.
Iran may hold talks on restoring the 2015 nuclear deal with world powers on the sidelines of the United Nations General Assembly next week, the country’s foreign ministry spokesman, Saeed Khatibzadeh, said.
Melbourne will end its sixth lockdown since the pandemic began once 70% of Australia’s Victoria state is fully vaccinated, authorities said Sunday as they outlined plans to unwind virus measures next month.
The Algosaibi family is keeping most of their company’s operating businesses as part of a deal with creditors and will eventually look to restore them by going back to the credit market, according to Simon Charlton, the Saudi conglomerate’s chief restructuring officer.
Welspun India Ltd., which says it makes every fifth towel sold in the U.S., will spend 6.57 billion rupees ($89.4 million) to boost manufacturing capacity to meet overseas demand, the company said.
The Australian state of New South Wales will deploy drones on its beaches to help prevent shark attacks in the world’s largest surveillance program of its kind.
Japan’s vaccine czar, Taro Kono, is by far the most popular of four candidates set to run in the ruling Liberal Democratic Party’s leadership election this month, a survey of party members and supporters found.
Hong Kong voters will be outnumbered by riot trained-police as an elite group elects the committee of Beijing loyalists that will next year pick the financial hub’s leader.
China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties.
The Biden administration is negotiating with Pfizer Inc. to buy an additional 500 million Covid-19 vaccines to donate globally, a person familiar with the matter said, doubling the government’s commitment to helping less-wealthy countries.
The first all-civilian crew to orbit the Earth splashed down in the Atlantic Ocean on Saturday, culminating a three-day journey aboard a SpaceX capsule that inaugurated a new era of privately financed space travel for non-professional astronauts.
Governor Gavin Newsom, who survived a recall election partly on his handling of the pandemic, tweeted on Saturday that California now has the lowest infection rate among U.S. states.
China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it appears.
Indonesia’s moratorium on new oil palm plantation permits is set to expire this week as the industry awaits clarity on whether the government will extend the policy.
Mali is seeking new partners to help the country face the threat from Islamist militants as France plans to scale back its counterterrorism force in West Africa’s Sahel region.
Chancellor Angela Merkel’s conservatives narrowed the Social Democratic Party’s lead by 1 percentage point in a weekly poll, though they remain in second place a week before Germany’s federal election.
Prime Minister Boris Johnson will land in the U.S. on his first trip outside of Europe since the start of the pandemic with his most critical relationship -- with President Joe Biden -- at a delicate juncture.
Short-sellers have driven big losses in the favorite stocks of South Korean retail investors this month, piggybacking on a campaign by local regulators to rein in the power of Kakao Corp. and other internet giants.
The mayor of Johannesburg died in a car accident Saturday after appearing at a campaign event with South African President Cyril Ramaphosa, News24 reported, citing sources who weren’t identified.
A deluge of leveraged buyout debt has been building up for months and is finally set to hit the high-yield market next week.
Federal Reserve Chair Jerome Powell faces a communication challenge in the coming week as he leans toward paring back stimulus while trying to avert speculation that such a shift presages future interest-rate increases.
Bond bears, long frustrated by stubbornly low Treasury yields, are girding for a make-or-break week as the Federal Reserve is expected to start laying the groundwork for reducing stimulus.
An alarming number of companies have warned that profits won’t meet expectations when they report in a month.
Republican Representative Lee Zeldin said Saturday he was diagnosed with chronic myeloid leukemia and is in “complete remission” after nine months of treatment.
The unexpected last-minute appearance in Mexico City of Venezuelan President Nicolas Maduro at a regional summit triggered a clash with leaders allied to the U.S. and revived the ideological split between governments in Latin America.
An association of banks, insurance companies and microfinance institutions operating in Guinea pledged on Saturday to support the West African nation’s economy following the Sept. 5 military coup that overthrew President Alpha Conde.
Facebook Inc. pushed back on reports that the company was aware of the negative impact of its products, claiming that the allegations don’t tell the whole picture.
Several hundred supporters of Donald Trump demonstrated in Washington on Saturday amid a heavy police presence, protesting against the prosecutions of people who stormed the Capitol on Jan. 6.
China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or the private sector.
This week’s must-read stories from the $14.5 trillion global exchange-traded product market.
What’s trending on social media this morning:
An Air France-KLM flight was forced to make an emergency landing shortly after taking off from Beijing after the Boeing Co. 777 aircraft suffered a technical failure and smoke filled the cabin.
Toronto has been Justin Trudeau’s unassailable political fortress ever since he swept to power almost six years ago. In two elections, he’s never lost a seat in Canada’s largest city, and his Liberal Party holds most of the suburbs, too.
Morgan Stanley’s Andrew Slimmon is on a hot streak, with the MSIF U.S. Core Portfolio fund he co-manages up 26% so far in 2021 to beat 94% of its peers.
Chinese Premier Li Keqiang said the government will continue efforts to stabilize commodity prices using a variety of measures, state news agency Xinhua reported.
Malaysia joined Indonesia in expressing concern that a new security pact involving Australia, the U.S. and the U.K. may spark a nuclear arms race in the Indo-Pacific region.
AT&T Inc.’s plan to shut down an old wireless network is prompting dire warnings that some medical alerts may stop working, burglar alarm systems could fail and ankle bracelets might stop tracking felons.
U.K. business secretary Kwasi Kwarteng is holding an urgent meeting Saturday with chief executives of the country’s largest energy suppliers and operators to try to confront a surge in energy prices and a shortage of natural gas supplies.
Telegram, the social media platform used by protesters from Iran to Belarus, blocked a “smart voting” channel with recommendations for candidates in Russia’s parliamentary elections aimed at defeating ruling party nominees.
Expanding access to Covid-19 vaccines and confronting the rising dangers of climate change will dominate a week-long United Nations gathering in New York that’s taking place in person after going all-virtual in 2020.
Automated and electric vehicles are finding uses in agricultural and industrial spaces, where they can don’t have to encounter passengers or pedestrians.
A website that publishes exchange rates for Nigeria’s naira is “temporarily” suspending the service after the African nation’s central bank accused it of manipulating prices.
Travel companies are set for the busiest weekend of the year as holiday bookings surged following the U.K. government’s announcement Friday that it would ease travel curbs for the fully vaccinated.
The independence of the Armani fashion house is “an essential value,” designer Giorgio Armani, founder and sole shareholder of the company that bears his name, told the magazine MFF.
Bats dwelling in limestone caves in northern Laos were found to carry coronaviruses that share a key feature with SARS-CoV-2, moving scientists closer to pinpointing the cause of Covid-19.
Prudential Plc plans to raise up to $2.89 billion in a new share offering in Hong Kong as the insurance giant eyes long-term growth opportunities in Asia and Africa.
Chinese private equity firm FountainVest Partners is nearing a deal to buy New Zealand pet food company Ziwi, according to people familiar with the matter.
India will auction 65 new areas for starting city gas operations as it seeks to boost consumption of the cleanest fossil fuel to fight air pollution.
Abu Dhabi has abolished a requirement for visitors coming from other parts of the United Arab Emirates to show a negative Covid-19 test.
South Africa’s largest clothing retailer sees a successful Covid-19 vaccination rollout as key to reopening the economy and adding new stores, helping to address the world’s highest unemployment rate.
The U.K.’s supply-chain crisis, spiraling energy costs and limp economy are taking a toll on investor sentiment.
India’s antitrust body has found Google leverages its dominance in the Android mobile operating system and related markets with anti-competitive and restrictive trade practices, the Times of India newspaper said, citing a report by the agency.
Europe is bracing for a tough winter as an energy crisis that’s been years in the making leaves the continent relying on the vagaries of the weather.
