China’s leaders will have the chance to revisit this year’s ambitious official economic growth target during a meeting of key policy makers expected this week. Stephen Engle reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness […]
London-based Onto has raised $60m (£49.9m) in a Series C equity funding round for its electric vehicle (EV) subscription service. A study from accounting firm EY found that 49% of drivers want their next vehicle to be an electric car. However, EVs remain prohibitively expensive for many. Data from NimbleFins shows the average upfront cost […]
A four-day work week and hybrid options are among the top demands for the modern office worker, according to new research. A survey conducted by business messaging software provider Slack found that 86% of UK office workers would rather work more hours in a day over a four-day work week. A growing number of companies […]
LONDON — The British pound edged higher on Wednesday thanks to a broadly consolidating dollar but gains were capped by a fresh slate of weak data highlighting the problems facing the economy. Read More
FRANKFURT — Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season. Read More
LONDON — The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. Read More
(Bloomberg) — Ukrainian state-run energy company NJSC Naftogaz Ukrainy will “urgently” present a new plan to delay debt payments after missing a final deadline on a foreign bond. Read More
MOSCOW — The Russian rouble recovered from touching over two-week lows in early trade on Wednesday to steady against the dollar, helped by the prospect of Thursday’s income tax payments by exporting firms, but held back by expectations of a U.S. rate hike. Read More
Credit Suisse Chairman Alex Lehmann discusses replacing Chief Executive Officer Thomas Gottstein and plans to become “a much-simplified business” after conducting a comprehensive strategic review of the firm. He speaks with Bloomberg’s Manus Cranny in Zurich.
Kerry Craig, global market strategist at JPMorgan Asset Management, discusses the impact of a strong dollar on Asian equity markets, earnings season in the US and his outlook for tech stocks. He speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us […]