Microsoft plunges on forecast for lacklustre Azure growth

Microsoft gave a lacklustre forecast for sales growth in its Azure cloud-computing services business, a closely-watched measure of corporate demand, sending the shares reeling in early trading on Wednesday.

Zara owner Inditex to sell Russian business to Daher Group

Inditex SA, the world’s biggest textile retailer, agreed to sell its business in Russia to Daher group, marking its withdrawal from the country.

Mercedes hikes profit goal with demand outstripping supply

Mercedes-Benz AG raised its expectations for a second time this year with demand still outrunning supply even as economic gloom spreads.

Singapore proposes ban on borrowing to fund cryptocurrency purchases

Singapore has proposed to ban retail investors from borrowing to fund cryptocurrency purchases, part of a slew of suggestions to further tighten the city-state’s regulatory regime for digital assets.