Gleni - Sanjeev’s Gupta’s settlement with creditors owed hundreds of millions of pounds hangs in the balance after the South Australian government placed one of his steelworks into administration last month. - gleni

Hot temperatures and rising demand for air conditioning are on Bloomberg Green’s radar today.

The European Central Bank’s direction toward further easing policy is “clear” as it’s on course to bring inflation to its 2% target sustainably by the summer and economic growth has disappointed, Governing Council member Francois Villeroy de Galhau said.

BlackRock Inc. said it’s writing down the value of one of its flagship renewable funds after two key investments for the vehicle collapsed, and it’s enlisting executives from its recently acquired Global Infrastructure Partners business to help turn around performance.

Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.

Last week’s power price spikes highlight the need for reforms in Europe’s electricity market, Norwegian Prime Minister Jonas Gahr Store said in an interview.

The EV maker pledged to adopt a neutral stance on UAW efforts to organize its factory workers, contingent upon the company becoming profitable.

President-elect Donald Trump said Congress should get rid of the debt ceiling, NBC News reports citing a phone interview with him on Thursday.

Soho House & Co Inc. shares are soaring after the global membership platform said it received an offer to buy the company at a premium to its current market value.

Argentina’s government is racing against time as it works with major banks and payment firms to advance Javier Milei’s dollarization strategy even as pesos are in high demand.

Bond-market veteran Bob Michele says there’s one scenario investors aren’t fully prepared for in 2025: the calmest Treasury market in nearly a decade.

The Biden administration is calling on Donald Trump’s team to continue work on bolstering supply chains and moving key strategic industries back to the US, saying hard-fought progress since the pandemic could evaporate if fresh risks emerge.

The current contract to ship Russian gas via Ukraine to Europe will not be renewed as Kyiv has refused to extend it beyond its expiry at the end of this month, President Vladimir Putin said Thursday.

A winter storm is poised to drop snow on New York City and surrounding areas later this week, threatening to snarl holiday travel plans.