Bloomberg Business

Fox News Producer’s Secret Recordings Helped Spur Dominion Deal

The prospect of a fired Fox News producer’s secret recordings being played during trial helped push the conservative network to its $787.5 million settlement of a defamation suit by Dominion Voting Systems Inc. over the broadcasting of false 2020 election-fraud claims, people familiar with the matter said.

White House Says GOP Holding Economy ‘Hostage’ Over Debt Dispute

The White House accused House Republicans of “holding the American economy hostage” with their proposal tying a debt ceiling increase to budget cuts, intensifying the discord between President Joe Biden and the lawmakers as a crucial deadline approaches.

EU Top Court Asks Italy to Free Lucrative Beach Licences Cartel

The European Union’s top court ordered Italian Prime Minister Giorgia Meloni’s government to open up the running of thousands of beaches to competition, after licenses worth billions of euros in revenue were doled out for years without fair tendering processes.

KKR-Backed ZJLD Is Said to Raise $675 Million in Hong Kong IPO

Chinese liquor company ZJLD Group Inc. raised HK$5.3 billion ($675 million) in Hong Kong’s largest initial public offering this year, after pricing shares near the bottom of a marketed range, according to people familiar with the matter.

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