Donald Trump pledged to create “the greatest sovereign wealth fund of them all.” His advisers think one way to do it is a government agency they bet can help mobilize hundreds of billions from Wall Street.

Spain’s government is seeking to replace Telefonica SA Chief Executive Officer and Chairman Jose Maria Alvarez Pallete, according to people with knowledge of the matter.

Indonesia may need an additional 100 trillion rupiah ($6.1 billion) this year to expand President Prabowo Subianto’s free lunch program to cover nearly 83 million people by year-end, according to a top official.

BYD Co. launched its electric utility vehicle Sealion 7 in India on Saturday as the Chinese carmaker seeks to increase its market share in the country’s budding segment.

Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

Prime Minister Keir Starmer has urged patience in what he promises will be a “decade of renewal” for the UK. The recent swings in City of London financial markets show that time is a luxury he doesn’t have.

The hospitality business can be an inhospitable place. Here are a few lessons to help you navigate its shoals.

Hi, I’m Merryn Somerset Webb, Bloomberg UK Wealth’s editor-at-large. Every Saturday, I’ll bring you micro to macro thoughts on your money and investments. I welcome your feedback.

At least three people were killed in Kyiv as Russia launched drone and ballistic missile attacks across the country on Saturday, Ukrainian air defense officials and local authorities said.

Electric vehicle maker VinFast Auto Ltd. said it plans to begin selling two made-in-India cars in the South Asian country later this year, marking the Vietnamese carmaker’s debut in the world’s third-biggest car market.

Archegos Capital Management’s Patrick Halligan and federal prosecutors have agreed he should be sentenced to eight years in prison for his role in the 2021 collapse of the $36 billion hedge fund, according to a court filing by his lawyer.

Janet Yellen, US treasury secretary, wrote in a letter to congressional leaders Friday that she was advising them “of the extraordinary measures that Treasury will begin using” to avoid breaching the debt limit.