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Asia’s Richest Person, Gautam Adani, Pledges $7.7 Billion for Social Causes

Gautam Adani, Asia’s richest person, and his family have pledged to donate 600 billion rupees ($7.7 billion) to a slew of social causes, to mark his 60th birthday.

The donation will be managed by the..


Germany Warns of Lehman-Like Contagion From Russian Gas Cuts

Germany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in triggering the financial cr..


Sales of Previously Owned Homes Fall to an Almost Two-Year Low

Sales of previously owned U.S. homes fell for a fourth month in May, receding to the lowest level in nearly two years and underscoring how high prices and a surge in mortgage rates have stifled demand..


Elon Musk Says Bots Are a Problem for Twitter Deal, Not China

Elon Musk cautioned there are a number of issues to iron out before he can complete his $44 billion takeover of Twitter Inc., including getting an accurate measure of bots on the social media platform..


E.U. Aims to Finalize $9.5B Ukraine Loan Package This Week

The European Union is expected to finalize the details of a 9 billion euro ($9.5 billion) financial package for Ukraine in the coming days to bolster the war-torn nation.

The new macro-financial assi..


Petrobras Head Resigns as Bolsonaro Rages About Fuel Prices

Petrobras’s chief executive officer Jose Mauro Coelho resigned following a fuel price increase that has angered President Jair Bolsonaro and prompted calls for a congressional inquiry.

Petroleo Brasi..


Austria Returns to Coal Era As Russia Curbs Gas to Europe

Austria is returning to the coal age, reviving use of the dirtiest fossil fuel to generate power as Russia curbs flows of natural gas to Europe.

State-controlled Verbund AG, Austria’s biggest utility..


President Macron Loses Majority in French Election Setback

PARIS, France — President Emmanuel Macron made history in the French legislative elections Sunday, just not in the way he hoped.

After his reelection in April, most observers expected Macron to get a..


Biden Aide Says Inflation Fight Can Advance If Congress Helps

A top economic adviser to President Joe Biden said he’s hopeful that Congress will pass measures the administration says will help fight inflation in the coming weeks.

“Prices are unacceptably high r..


Rich Countries Decide To Keep Discussion of Who Pays For Climate Impacts Off the COP27 Agenda

Negotiators representing dozens of developing nations left Germany empty-handed as rich countries blocked their attempts to secure compensation for the damage caused by climate change.

The talks that..