Bloomberg Business

France will lower the weight threshold for taxes on new gas-guzzlers to speed up the transition to electric vehicles.

Federal Reserve Governor Michelle Bowman said US banks need better supervision rather than higher capital requirements because they could stunt lending and competition, and she repeated her calls for an independent review of recent bank failures.

Oil and gas majors ramped up their investment in recent years, but it was still a tiny fraction of all the money flowing into the energy transition.

US Secretary of State Antony Blinken said the Wagner mercenary group’s revolt against Russian President Vladimir Putin was a “direct challenge” to his authority and provides a battlefield advantage to Ukraine in its war to drive out Russian forces.

As a dizzying first half for US stocks draws to a close, the Nasdaq 100 Index is poised for its best opening six months to a year ever, and Wall Street is growing concerned that the Federal Reserve will derail the rally.

Jeremy Fogel was a California state court judge in the early 1990s when an attorney asked him to lunch at a country club in Palo Alto. It was tradition, the lawyer explained, to extend an invitation to new arrivals.

Yevgeny Prigozhin, head of Russia’s private militia the Wagner Group, callled off his mutiny after his forces advanced to within a few hundred miles of Moscow,  defusing the biggest threat to Vladimir Putin’s grip on Russia in his almost quarter-century rule.

Turkey’s Central Bank, under new Governor Hafize Gaye Erkan, is easing its security maintenance rule as its first step to simplifying policies designed to boost Turkish lira savings.