Bloomberg Business

Carlos Alcaraz, the 20-year old Spanish tennis phenomenon, defeated seven-time Wimbledon champion Novak Djokovic to win his first title at the famed London tournament.

The French government sent a 2024 spending plan to parliament that calls for a €4.2 billion ($4.7 billion) cut in outlays as it pushes to reduce the deficit, even as it ramps up allocations for the green transition.

President Vladimir Putin discussed the US provision of cluster munitions to Kyiv in a TV interview, saying Russia would retaliate if the weapons — which have already arrived in Ukraine — are used on its forces. The Russian leader discounted Ukraine’s counteroffensive, saying “all attempts” to break through Russia’s defenses had failed. Ukraine’s armed forces have claimed tangible if slow progress in the bid to push back Russian occupying forces in the country’s south and east.

China will only harm itself with planned restrictions on the export of two metals used in the semiconductor, telecommunications and electric-vehicle industries, White House National Security Adviser Jake Sullivan said.

UBS Group AG has retained EY as the main auditor for its combined business with Credit Suisse starting next year, according to a person familiar with the matter.

The heat wave baking Europe and threatening to make this the hottest summer ever will be dialing up temperatures even more in coming days, thanks to another system from the Sahara.

One in four German small and mid-sized companies would think about throwing in the towel because of what they see as the country’s excessive bureaucracy, according to a recent survey reported by DPA.