Apple misled users over an upgrade that actually slowed iPhones’ batteries, a tribunal will be told, and 25 million British users could be eligible for hundreds of pounds each if a consumer champion wins a legal claim launched today. Justin Gutmann, a campaigner who formerly worked for Citizens Advice, has issued a £768 million claim […]
SHANGHAI — Joincare Pharmaceutical Group Industry Co said on Thursday it plans to list on the Swiss stock exchange in a bid to broaden financing channels and ramp up its global expansion. Read More
WASHINGTON — U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits. Read More
Former Federal Reserve Bank of Richmond President Jeffrey Lacker discusses the central bank’s policy and the outlook for the economy. The Fed raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell signaled another big move next month. Lacker speaks on “Bloomberg Daybreak: Australia.”
TOKYO — Japan ran its biggest single-month trade deficit in more than eight years in May as high commodity prices and declines in the yen swelled imports, clouding the country’s economic outlook. Read More
NAPERVILLE — Chicago-traded soybean futures are at their highest ever levels for mid-June despite the forecast for a record-large U.S. harvest this fall and a supply recovery into next year. Read More
Shanghai plans mass Covid-19 tests every weekend through the end of July for the entire population of 25 million. Meanwhile, Hong Kong reported more than 1,000 new Covid-19 cases on Wednesday, with the rise in infections spurring officials to continue to tighten rules around who can isolate at home. Stephen Engle reports on “Bloomberg Daybreak: Asia.”
Brookfield Vice Chair Mark Carney discusses central banks and rate hikes. He speaks with Bloomberg’s Dani Burger on “Bloomberg Surveillance: Early Edition.” (Interview occurred on June 15, 2022)
Australia’s key power market suspended spot trading as it attempts to ease an electricity crunch that’s been worsened by some plants withholding supply after the introduction of price caps. BloombergNEF analyst Will Edmonds discusses the details on Bloomberg Television.