French Investigate Chinese, Locals Over Chip-Spying Allegations
French prosecutors are investigating a clutch of French and Chinese citizens accused of sharing key semiconductor technologies with foreign powers including China and Russia.
Bloomberg Business
ECB Scraps Interest on Reserves in $6 Billion Hit to Banks
The European Central Bank will stop paying banks for the money they are required to keep at the institution as a minimum reserve, a surprise move that could cut billions from lenders’ interest income.
Heineken Hit by Dutch Criminal Investigation on Can Deposit Rule
Heineken NV will face a criminal investigation by the Dutch public prosecutor’s office for not conforming to a recent rule that mandates beverage makers charge a deposit on cans to encourage recycling.
World Set for Hottest Month Ever as Climate Change Sears Planet
July is set to become the world’s hottest month on record, as fossil fuel emissions drive climate change and the increasing intensity of heat waves across the Northern Hemisphere.
Royal Caribbean Soars After Boosting Full-Year Profit Forecast
Royal Caribbean Cruises Ltd. rose Thursday after raising its full year profit forecast to a level that significantly beat expectations, with investors betting that increased demand for its cruises is signaling the worst may be over for the battered industry.
Czech Tycoon, Spain’s Asterion Last Remaining Bidders For German Utility Steag
Czech tycoon Daniel Kretinsky and Spanish infrastructure investor Asterion Industrial Partners are the last remaining bidders for German utility Steag, according to people familiar with the matter.
Third Time May Be Charm for Women’s Pro Soccer in America
US women’s soccer has more often been associated with its national team—thanks in large part to four World Cup victories—than professional play, given the latter’s two failed efforts at establishing a successful pro league.
Pilgrim’s Pride Signals Worst is Over for Chicken Suppliers
Pilgrim’s Pride Corp. signaled the worst is over for US chicken producers with an estimate-beating quarterly profit even as conditions remain “challenging”.
Oatly Falls by Most Ever as Consumers Retreat in Asia
Oatly Group AB cut its sales outlook and announced an improvement plan in Asia as consumers in the region moved away from its drinks post-Covid.
Russian Billionaire Says Cops Used ‘Kompromat’ to Raid London Mansion
Russian billionaire Mikhail Fridman claimed that a police raid on his London mansion in December for alleged sanctions evasion was illegal and relied on “kompromat” including a 15-year-old report that made a series of unproven criminal allegations.
