Bloomberg Zambia is looking to sell a Gulfstream G650ER jet bought for the presidency for $194.9 million in 2019 as it seeks to cut costs. President Hakainde Hichilema pledged to offload the plane once elected, and hasn’t used it since taking office in August last year, opting rather for commercial flights or an older presidential jet. The previous administration …

  Bloomberg Initial public offerings are heading for their longest drought since the global financial crisis — and bankers don’t expect a revival anytime soon. A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals in recent years. Just …

  Bloomberg Bitcoin dropped back below $17,000 and several smaller cryptocurrencies referred to as altcoins posted significantly steeper declines as concern increases that the digital-asset market’s woes are far from over. The largest token dropped as much as 3.7% to $16,762. Bitcoin reached its highest price since Sam Bankman-Fried’s crypto empire filed for bankruptcy last month. Ether declined as much …