House Speaker Nancy Pelosi’s visit to Taiwan has made geopolitics with China “particularly complicated” as President Joe Biden weighs the future of tariffs on more than $300 billion in goods from the US rival, according to his commerce chief.

“Certainly, it has made it a little more challenging,” Gina Raimondo said in an interview on Bloomberg Television’s “Balance of Power With David Westin” on Wednesday. “It’s harder, but I am hopeful that we will get beyond that and get back to a place where we can have more of those discussions.”  

Oil steadied ahead of a raft of data on the global market balance heading into what may be a turbulent northern hemisphere winter, with OPEC and the International Energy Agency due to present monthly analyses.

West Texas Intermediate was near $92 a barrel after ending 1.6% higher on Wednesday following softer-than-expected US inflation data. That gain came despite US government figures showing higher crude inventories and output. In addition, flows along the

Ether hit a more than two-month high on signs that a plan to upgrade the Ethereum blockchain passed a major test, potentially paving the way for one of the most significant changes in the cryptocurrency sector.

The token rose as much as 4.1% on Thursday in Asia and was trading near $1,890 as of 1:58 p.m. in Tokyo -- more than double a June low below $900 and far outpacing the rebound in Bitcoin over the period. 

Atlanta (AP) -- Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage.

In fact, some people are convinced Atlanta — center of the nation’s hip-hop music scene — will lose more music festivals and performances on public land as organizers and artists learn that state law makes it nearly impossible for them to stop people from carrying guns among the alcohol-fueled crowds.

In June, former spy chief Arthur Fraser laid charges with the police against the president, alleging that the 2020 theft of more than $4 million hidden inside furniture at the property hadn’t been properly reported. 

Daimler Truck said Thursday second-quarter operating income came in at 1.01 billlion euros ($1.04 billion), above analyst forecasts for a 768 million-euro result. The company generated 12.1 billion euros in sales, also beating analyst expectations.

The German telecom giant raised its full-year guidance for earnings -- before interest, taxes, depreciation, amortization after leases -- to 37 billion euros ($38.1 billion) from 36.6 billion euros, the company said in a statement on Thursday. That missed analysts’ average 39.6 billion euro estimate, according to a Bloomberg survey. 

Inflation is so last season.

In many parts of retail, particularly clothing, there’s a sea of red price-reduction stickers washing across stores and websites as retailers mark down their unwanted stock. Shoppers should make the most of these sales — they may be as good as it gets for a while.

Net income during the fiscal third quarter was a negative 1.7 billion euros ($1.7 billion), the company

The company now sees full-year net income in the high triple-digit million euro range, below the previous projection of at least 1 billion euros ($1.03 billion). Thyssenkrupp also booked impairment losses of 480 million euros due to the effect of higher interest rates on its steel operations.

Germany’s biggest power producer plans to spend more than 5 billion euros ($5.1 billion), on green technologies this fiscal year, including wind, solar and batteries, as well as ramping up hydrogen, it said in a statement on Wednesday. It also confirmed higher preliminary earnings first published last month. 

When Nafisat Ekerin’s weekly grocery bill soared to 20,000 naira last June, up from 12,000 the previous year, her family of five made major cuts: fewer eggs and beans, watered-down hot chocolate, no more fruit for the baby. After she found herself pleading with market vendors for price cuts to keep her children fed, the fashion designer in Lagos, Nigeria, didn’t think it could get much worse. 

And then it did. In the year since, Nigeria’s currency has continued to depreciate while food prices are up another 21%, forcing households like hers to make a new round of dietary sacrifices even sharper than the first. 

Good morning. Softer inflation but Fed will keep raising rates, the Rhine River will soon be impassable, Pelosi giving Biden headache, and Russia resumes oil flows to central Europe. Here’s what people are talking about. 

The US central bank will

Manhattan apartment rents continued their upward climb in July as the hottest market in decades hits its busiest leasing season.

The median rent on new leases last month was $4,150, up 2.5% from June and 29% from a year earlier, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. 

On Dec. 8, Disney will introduce an ad-supported version of the flagship streaming service and raise the price of the ad-free option to $11 a month, the entertainment giant said Wednesday. Prices for some packages that include Hulu and ESPN+ will also rise.

John Textor has taken just 12 months to go from fanatical football fan, watching hundreds of games a year, to one of the sport’s biggest investors.

He’s acquired stakes in teams from London to Rio de Janeiro, building a football empire like a business to cast himself against the game’s mega rich elite. It’s a second act for Textor, who forged his

London’s stock market is facing the quietest period for listings since the financial crisis. British startups are instead heading to New York and Europe in search of deeper pockets and higher valuations. The immediate cause of the slump is the global pause in share sales after Russia’s invasion of Ukraine. But the reasons behind the UK’s slide go back further. A string of high-profile flops and snubs has dented investor confidence, the most recent being SoftBank reconsidering whether to bring back UK chip designer Arm to the London market with a partial listing, in light of political upheaval.

The Nigerian financial-technology company recently filled key positions including a chief financial officer as it prepares for an initial public offering potentially next year, people familiar with the matter said, requesting not to be identified because it’s private. It might, however, take longer as the company deals with a reputation crisis and amid a global market downturn, they said.

Spain is opening its doors to foreign workers to fix labor shortages and ease a demographic slump threatening its future prosperity. 

In contrast with more anti-immigrant politics in much of Europe, the government has loosened rules to allow the recruitment of employees in their countries, mostly in Latin America, for both skilled and unskilled jobs that are hard to fill.

Liz Truss’s thoughts about how to manage the Bank of England are adding to a mounting list of threats to the value of the pound and UK government bonds.

The foreign secretary, who is leading in the race to replace Boris Johnson as prime minister, has stepped up calls for a review the central bank’s remit and potentially a new money supply target. While the remarks have been vague, analysts and investors are giving more thought to a risk that’s not yet priced into the market.

Indonesia’s rupiah will advance to the strongest level in almost a year as the country’s trade surplus and attractive yields lure overseas investors to local stocks and bonds, according to TD Securities. 

The currency will appreciate to 14,057 per dollar in the next three months, matching the high set in October 2021, said Mitul Kotecha, head of emerging-market strategy at the company in Singapore. Attractive bond yields, rising palm oil exports to China, improving terms of trade and the prospect of interest-rate hikes should all support the currency, he said

Brown, a celebrated engineer who was part of Arm’s founding, is leaving SMIC after nine years on its board. He disclosed the move on his LinkedIn page.