Former Italian Premier Berlusconi in Intensive Care in Milan
Former Italian Prime Minister Silvio Berlusconi has been hospitalized in intensive care in Milan, according to one person familiar with the situation.
Bloomberg Business
Latvia Reintroduces Draft in Response to Russia’s War on Ukraine
Latvia’s parliament reintroduced compulsory military service to bolster the size of its defense forces after Russia’s invasion of Ukraine.
Volkswagen Halts Sale of Some ID.4 EVs Over Risk Doors Might Fling Open in Motion
Volkswagen AG has ordered dealers in the U.S. and Canada to stop selling its ID.4 electric SUV because its doors might open while in motion, and the German carmaker doesn’t yet have a fix for the problem.
South Africa Scraps Power-Crisis Measures After Public Outcry
South Africa’s government rescinded two controversial measures instituted to help it tackle the nation’s energy crisis, after an outcry over their imposition.
Odey Shuts Natural Resources Hedge Fund Hurt by Russian Bets
Odey Asset Management has liquidated a commodities-focused hedge fund run by portfolio manager Henry Steel and personally backed by its founder Crispin Odey.
BOE’s Tenreyro Says Hit to UK Is Possible if Bank Costs Rise
The turmoil at Silicon Valley Bank and Credit Suisse could hit the UK economy if it causes a persistent jump in bank funding costs, a Bank of England policymaker warned.
Shareholders Fret Over Megabank Risk Profile: UBS Update
UBS Group AG Chairman Colm Kelleher concluded the bank’s first annual general meeting since agreeing to take over Credit Suisse Group AG, with shareholders remaining broadly supportive despite worries over the riskiness of the combined lender.
Russia Billionaire Deripaska Praises UK Courts After Dodging Jail Sentence
Russian billionaire Oleg Deripaska praised the fairness of London’s courts after he fended off an attempt by a former business partner to have him jailed in the UK.
Companies Facing Carbon Offset Backlash Quietly Fund Their Own Projects
Big corporate emitters are bypassing middlemen and creating in-house carbon credits.
Walmart Bets on Warehouse Robots, Dangles Profit Potential
Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.
