Bloomberg Business

UK shoppers are expecting their personal finances to deteriorate further over the next year, in a sign that sticky inflation and continuing interest-rate hikes are weighing on sentiment.

Heat pumps may be essential to Britain’s ambitions to cut emissions and reduce exposure to volatile energy markets, but sales are stubbornly low and uptake of the low-carbon technology is among the worst in Europe.

Some 370,000 small businesses in the UK will be at risk of job cuts or closure when government support for energy bills effectively stops at the end of next week, according to a leading lobby group.

Customers Bancorp Inc., a small Pennsylvania lender whose holding company is led by Jay Sidhu, is exploring a deal for all or part of the failed Silicon Valley Bank, according to people familiar with the matter.

TikTok CEO Shou Chew, confronted with an unforgiving, distrustful Congress, tried to give answers in his testimony Thursday that avoided offending either the US government or China.

Australia’s elevated inflation means the May budget will again show “restraint,” Treasurer Jim Chalmers said, even as the economy is set to slow substantially due to worsening global conditions and high interest rates.

Oracle Corp. has cut jobs at its Cerner digital health-records unit, particularly in marketing, as the software giant works to integrate last year’s $28.3 billion acquisition.

Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud.

In 140 years, American policymakers have never faced a banking crisis quite like this.

Petroleos Mexicanos and Talos Energy have finalized a plan to develop the giant oil field Zama in a deal that will enable Talos and its partners to participate in operational decisions after the Mexican state oil giant was granted operatorship.