Bloomberg Business

The UK Labour Party will drop its commitment to abolishing university tuition fees, reversing another of the pledges Keir Starmer made when he became opposition leader.

Electrolux AB rose as much as 10% in early trading on Tuesday on news the Swedish luxury home appliance maker has drawn a takeover approach from China’s Midea Group Co.

Seven & i Holdings Co.’s expertise in food procurement and retail sales, along with the board’s commitment to maximize long-term shareholder value, is the right strategy for the retailer, the company’s directors said in a letter responding to activist fund ValueAct Capital Management LP.

The United Arab Emirates has decided to build its new natural gas export facility at the Persian Gulf port of Ruwais instead of at Fujairah on the Gulf of Oman coast.

President Joe Biden, following a meeting with Philippines leader Ferdinand Marcos Jr., said any attack on Philippine armed forces or vessels would trigger American defense commitments, a message intended to reassure a key ally in the face of heightened tensions with China.

The world’s biggest rhino breeder plans to this week announce what will happen to a ranch where an eighth of the world’s white rhinos live after an auction for the property and its animals failed to attract any firm bids.

The Czech Republic emerged from a mild recession as stronger demand for the country’s exports outweighed depressed consumer demand.

Russia has suffered more than 100,000 casualties, including 20,000 killed, since December in the fighting in Ukraine, with Wagner mercenaries accounting for almost half of Russian fatalities, according to the US National Security Council.

UK house prices rose for the first time in eight months in April, halting for now the worst slump in 14 years, one of the country’s biggest mortgage lenders said.

BP Plc slowed the pace of share buybacks as lower energy prices trimmed its cash flow.