Bloomberg The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research (CEBR). The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers continue their fight against soaring prices, the ...

  Bloomberg US lawmakers ratcheted up pressure on Chinese companies whose shares list on American stock exchanges to be more transparent with their financial audits. Congress passed legislation to speed up the timeline for kicking companies off the New York Stock Exchange and Nasdaq if Washington regulators can’t fully review their audit work papers. After months of high-stakes drama, the ...

  Bloomberg TC Energy Corp will begin the process of restarting the segment of its Keystone pipeline that goes to crude storage hub Cushing, Oklahoma, after receiving regulatory approval, the company said on its website. The restart will take several days. TC Energy has been targeting a full return of the pipeline system on December 28 or 29, according to ...