Bloomberg Business

UK companies are increasingly relying on short-term workers amid hiring freezes and economic uncertainty, a new survey showed.

Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing’s crackdown on US-linked auditors, as it stands to lose about a 10th of its China revenue.

The president molded the country in his own image over the past two decades. Where it goes next has repercussions far beyond its borders. 

Luminar Technologies Inc., the laser sensor startup which went public in a $3.4 billion reverse merger in 2020, has hired the lidar team from Argo, the shuttered autonomous vehicle technology company that was backed by Ford Motor Co. and Volkswagen AG.

Virgin Galactic Holdings Inc. broadly missed estimates for the first quarter even as the space-tourism company plans commercial flights for later this year.

Some of Wall Street’s most experienced traders warned of “unthinkable” long-term implications from a US default and argued the debt limit may need to be permanently repealed.

Germany’s Social Democrat Leader Saskia Esken called for a closer examination of the discrimination inherent within data sets used to train artificial intelligence models.

Houlihan Lokey Inc., a US financial services firm that has featured in some of China’s high-profile offshore restructurings, is betting on the country’s $4.7 trillion onshore credit market as a new source of expansion.

Affirm Holdings Inc. shares slid as the buy now, pay later firm said it expects funding costs to remain elevated amid the recent financial turmoil, placing pressure on a key revenue metric.

Suncor Energy Inc.’s new Chief Executive Officer Rich Kruger came out of retirement to take the job. Now that he’s been selected for the role, including with input from activist investor Elliott Investment Management LP, he plans to stay for the long haul and help revive the struggling Canadian oil producer.