Bloomberg Business

The European Central Bank will need to continue raising interest rates and then should keep them at a high level, according to Bundesbank President Joachim Nagel.

UK companies signaled a return to growth in the first quarter and are the most confident they’ve been since the start of Russia’s invasion of Ukraine.

Credit Suisse Group AG and UBS Group AG are among banks under scrutiny in a US Justice Department probe into whether financial professionals helped Russian oligarchs evade sanctions, according to people familiar with the matter.

European companies are using more natural gas as prices drop to levels seen before the Ukraine war, putting a potential strain on preparations for another winter with limited Russian supplies.

President Joe Biden, Vice President Kamala Harris and cabinet officers are planning a three-week blitz across the country to promote his economic agenda, starting with a visit to Wolfspeed Inc., a North Carolina chipmaker.

Farizon Auto, Zhejiang Geely Holding Group Co.’s new energy commercial vehicle brand, is considering raising as much as $300 million in fresh funds ahead of potential US initial public offering, according to people familiar with the matter.

UBS Group AG wealth boss Iqbal Khan told Credit Suisse Group AG staff in Asia that he’s working on retention measures including compensation, according to people familiar with the matter, as the bank seeks to prevent an exodus of top talent.

Meituan’s revenue surged on strong demand for takeaway, giving the world’s largest meal delivery service more leeway to adjust to China’s sudden Covid reopening.

Bank of England Governor Andrew Bailey said UK interest rates will have to go up again if prices keep rising in the economy.

The European Union must match its green technology ambitions with adequate funding or it will continue slipping behind the US and China in global competitiveness, a top minister in Giorgia Meloni’s government said.