Talking to leaders these days in any walk of life, I have a sense that people are frozen. They see that inflation is back in a serious way for the first time in decades, forcing central banks to raise interest rates at the fastest pace…

The last time Apollo made a big bet on the US car industry, it walked away with hundreds of million in profits courtesy of Hertz. This time it is being forced to band together with Wall Street rivals as they brace for a showdown with…

Hong Kong’s flagship airline is more than doubling its flights from the city to China after the easing of pandemic restrictions, raising hopes of a recovery after dramatically cutting operations and suffering losses. Cathay Pacific Airways’ ramped up flight schedule was announced after China confirmed…

The chief executive of one of Europe’s biggest oil and gas companies has said the EU should look to Africa rather than the US as it seeks to replace Russian energy imports.Claudio Descalzi, who has run Italy’s Eni since 2014, said closer collaboration with countries…

Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. Profits at the world’s largest memory chip, smartphone and TV maker are expected to shrink again in…

Peloton has agreed to pay a $19 million fine for failing to promptly report treadmill hazards and for distributing recalled treadmills, the Consumer Products Safety Commission said Thursday. The fine resolves charges that the company had “knowingly failed to immediately report” to the US regulator…