Adani Ports and Special Economic Zone Ltd. completed the acquisition of Karaikal Port Private Ltd after a bankruptcy tribunal approved its resolution plan, according to the port unit of Indian billionaire Gautam Adani’s conglomerate.
Pakistan’s inflation quickened by a record on higher taxes and energy prices, suggesting that further interest rate increases may be needed.
The Nigeria Sovereign Investment Authority reported a sharp drop in profit for 2022 compared with a year earlier, citing macroeconomic conditions in developed and emerging markets as well as in the local economy.
Mark Milley, chairman of the US Joint Chiefs of Staff, said Ukraine was unlikely to expel all Russian troops from its occupied territory this year. “That is a significant military task,” Milley told Defense One.
Sergio Ermotti, incoming chief executive officer of UBS Group AG, brushed off concerns about the bank’s size after its combination with Credit Suisse Group AG.
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