Business

What property giant Evergrande's sentence means for China's economy

Hays Shifts to Hard-to-Replace Roles as AI Reshapes Hiring

Hays Plc will focus on hiring for roles that are harder to replace with artificial intelligence, as recruitment companies globally seek to mitigate the AI threat to the jobs market.

Evergrande founder sentenced to life in prison by Chinese court

Hui Ka Yan, who had faced eight charges including misuse of funds and illegally taking public deposits, pleaded guilty in April, following China Evergrande's collapse five years ago after a quarter of a century in operation.

Argentina Just Told Banks How to Lend Dollars to Companies That Do Not Earn Them

Argentina's central bank published the rules for lending dollars to companies that do not earn them, capping the regime at 15% of each bank's FX deposits. The post Argentina Just Told Banks How to Lend Dollars to Companies That Do Not Earn…

Venezuela’s Oil Minister Went to Houston and Signed Two Deals

Venezuela's oil minister signed agreements with SLB and Hunt Oil in Houston and told investors the country is ready to sign production-sharing contracts. The post Venezuela’s Oil Minister Went to Houston and Signed Two Deals appeared first…

SQM Will Spend US$3 Billion by 2028, Most of It on One Salt Flat

SQM told its second-quarter call it expects about US$3 billion of capital spending across 2026 to 2028, centred on the Salar Futuro project with Codelco. The post SQM Will Spend US$3 Billion by 2028, Most of It on One Salt Flat appeared…

Travelodge boss quits amid fallout over hotel chain’s security failings

Joanna Boydell steps down after widespread criticism over company’s handling of guest safety issues The boss of Travelodge has resigned after widespread criticism of her handling of security failings at the hotel chain, including a…

NSE Said to Plan Allowing Trading Its Shares on Own Platform

National Stock Exchange of India Ltd. may allow its shares to trade on its own platform after listing them on rival BSE Ltd., people familiar with the matter said, a move that could eventually shift trading volumes and pave the way for the…

European Stocks Extend Worst Losing Streak in Three Years

(Click here or type SQUA to listen to Bloomberg’s new EMEA Equities Squawk)

Ethiopia Birr Hits Record Low as Central Bank Sells US$500 Million in One Day

The National Bank of Ethiopia called an unscheduled US$500 million sale for 20 August, matching its entire planned allocation for the quarter in a single day. The post Ethiopia Birr Hits Record Low as Central Bank Sells US$500 Million in…

Younan: Regional Tensions Not New for Sovereign Funds

Strategic partnerships are becoming increasingly important for sovereign wealth funds in the Gulf region. Despite recent geopolitical volatility, Gulf SWFs have continued investing actively, in an effort to prioritize long term value…

Shein Seeks to Rope In Boyu, UBS as IPO Cornerstone Investors

Asian private equity firm Boyu Capital and an asset management arm of UBS Group AG are among firms in talks to become cornerstone investors in Shein Global Holdings Ltd.’s Hong Kong initial public offering, people familiar with the matter…