U.S. companies are feeling the heat of decades-high interest rates and sticky inflation, with several filing for bankruptcy protection as the era of easy money draws to a close. The tally of U.S. companies that have gone bankrupt so far in 2023 is higher than the first five months of any year since 2010, data from S&P Global Market Intelligence showed. There were 54 corporate bankruptcy

Lordstown Motors said on Friday it plans to take legal action against investor Foxconn to ensure that the Taiwanese contract manufacturer completes a planned purchase of nearly 10% of the electric vehicle startup's shares.

Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations.

A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed.

Britain's Kingsway Capital has started meetings with big tobacco firms as the private equity firm prepares to sell its stake in Dubai-based tobacco business Advanced Inhalation Rituals (AIR), two sources familiar with the matter told Reuters.

Britain could lose out on investments in autonomous vehicles (AVs) and see startups shift testing elsewhere if promised laws to regulate the technology are not passed before the next general election, startups and insurance companies said.

Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP's $20 million loan into equity, a move that would help the British electric-vehicle startup lower its debt load.

A look at the day ahead in U.S. and global markets from Mike Dolan

Starbucks is revamping its strategy to lure Indians, including children, with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups in one of its fastest-growing markets.

Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.