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.

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

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.

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.

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.

Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas.

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.

The Biden administration finalized a record $15 billion loan guarantee to PG&E Corp. in one of the Biden’s administration’s final acts before President-elect Donald Trump takes power Monday.

When Glencore Plc proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a few days. News this week that the two spent several months in negotiations in the second half of last year shows how the sands have shifted,

In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.