Bloomberg Business

Sogo & Seibu Co.’s labor union plans to go on strike if Seven & i Holdings Co. pushes ahead with plans to sell the department store unit, according to a person familiar with the matter.

The contraction in euro area business activity deepened this month, most notably in Germany where the decline was the steepest since the pandemic brought the economy to a screeching halt in May 2020.

Pests and diseases are exacerbating crop shortages that have sent prices for goods like cocoa, olive oil and orange juice soaring. That’s set to become even more prevalent as extreme weather events multiply.

UK energy bills are set to fall in October but with fresh increases expected again by January it’s raising the question of whether now is a good time for households to switch to a fixed tariff to fend off future price rises.

Indian steel tycoon Sajjan Jindal wants the government to counter American tariffs and Europe’s carbon tax with a similar levy, to level the playing field for companies like his.

For the aspirational middle classes, it seemed a no brainer: buy property in one of Britain’s holiday hot-spots and rent it out to the wave of visitors who flooded in during the so-called “staycation” boom of recent years.

Britain dodged a recession last year despite a historic energy price shock and an investor revolt that forced out the prime minister. Recent data have raised questions about whether it will be so lucky this time around.

Gabon’s president, Ali Bongo, is expected to win reelection on Saturday, extending the 56-year stranglehold his family has had on political power in the oil-producing central African nation.

Group of Seven leaders understand that the war in Ukraine may be lengthy but are prepared to support the country for as long as it takes, Canada’s prime minister said in an interview.