In its most recent effort to recover from a string of scandals and losses, Credit Suisse Group AG chose Ulrich Koerner as its new chief executive on Wednesday and announced cost cutbacks as part of a strategic assessment.   The announcement is the result of months of pressure on the...

Japan's government cut its economic growth prediction for this fiscal year, citing falling foreign demand, Russia's war in Ukraine, China's tight COVID-19 lockdowns, and a weaker global economy.   The prediction, which serves as the foundation for the state budget and the government's fiscal...

In recent months, several Chinese property developers have stated that they will take food as payment for properties in order to entice consumers. Companies offered arrangements in which customers could use products, such as peaches, watermelons, and garlic, as down payments on new homes.  ...

According to the most recent official numbers, prices in Turkey are rising at their quickest rate in 24 years. In June, the annual rate of inflation, or the rate at which prices grow, was 78.62 per cent, somewhat more than expected.   Transportation and housing prices rose the most,...

A disagreement over how to protect poorer residents from European Union proposals to put a price on pollution is threatening to derail the bloc's agreement on a slew of new green initiatives.   Environment ministers from the EU's 27 nations will gather on Tuesday to try to reach an agreement...

Extreme weather events, ranging from blistering heatwaves to abnormally heavy downpours, have caused extensive disturbance around the world this year, killing hundreds and displacing millions.   Monsoon rains have caused devastating flooding in Bangladesh, while violent heatwaves have...

Sri Lanka will enable oil-producing countries' corporations to import and sell petroleum, the power and energy minister said on Tuesday, breaking a duopoly as the country works to address a petrol and diesel shortfall that is deepening an economic crisis.   The Cabinet decision occurred as...

A senior US official said on Monday that the Group of Seven rich democracies will commit to a new package of coordinated actions on Tuesday to put pressure on Russia over its war in Ukraine, as well as finalise plans for a price restriction on Russian oil.   The revelation occurred as the...

Revlon Inc is a risky bet even for a seasoned meme stock trader like Mike Minutelli.   The 30-year-old plumber from Oxford, North Carolina, made a 350% profit last week by selling half of the shares in the US cosmetics company he purchased after it filed for bankruptcy on June 16. He...

Toyota Motor Corp.'s CEO pressed the Japanese government to make it clear that it backed hybrid vehicles as much as battery electrics or risk losing support from the auto sector, a top politician told a governing party conference.   The lobbying by Toyota President Akio Toyoda and Chairman...

As the country's power crisis subsides, Australia's energy market operator says it will lift its suspension of the country's major wholesale electricity market. The limitations will be lifted temporarily on Thursday until a final decision is reached.   Following a price increase, it banned...