BOE Warns Taxpayer Faces £100 Billion Net Losses on QE Program
The Treasury will transfer £30 billion ($37.4 billion) to the Bank of England this year to cover losses made on its quantitative easing portfolio, the central bank estimated.
Bloomberg Business
Biden EPA to Allow Summer Sales of High-Ethanol E15 Gasoline
Biden administration officials have decided to issue an emergency waiver that will allow widespread sales of higher-ethanol E15 gasoline this summer, following a strategy used last year to help tamp down high pump prices.
Brothers Worth $11 Billion Are Building Out Family Office to Invest Their Gaming Riches
Igor and Dmitry Bukhman built one of the world’s largest mobile-game developers over the past two decades. Now they’re ramping up plans for the billions they’ve made from their entertainment empire.
Deutsche Bank Cuts Debt Plan as Funding Costs Rise After Crisis
Deutsche Bank AG cut its planned debt issuance for 2023 after funding costs went up in the wake of a banking crisis last month.
Russia Strikes Across Ukraine as Kyiv Says New Offensive Nears
Russia unleashed a fresh wave of aerial attacks across Ukraine, killing at least 18 people in two cities and destroying several buildings. Explosions were heard in the capital, Kyiv, marking the first assault there in more than a month.
Russian Oil Still Powering Europe’s Cars With Help of India
Russian oil is still powering Europe — just with the help of India.
Reliance Targeting Jio Financial Listing as Soon as October, Sources Say
Reliance Industries Ltd. is planning to list its digital financial services unit as soon as October, according to people familiar with the matter.
More Young Adults Are Living Paycheck to Paycheck in the US
The share of young people who struggle to cover everyday bills jumped from a year ago, while that of seniors living paycheck to paycheck leveled off, according to a report.
GDP Latest: Euro Zone Avoids Recession But Inflation Picks Up
The euro zone dodged a winter recession by growing at the start of 2023, despite inflation remaining a menace.
Daihatsu Admits to Fudging Crash Test Results on 88,000 Cars
Daihatsu Motor Co., a subsidiary of Toyota Motor Corp., said it manipulated crash test results on 88,000 cars that were manufactured in Thailand and Malaysia and sold within the past year.
