Bloomberg Business

EU Preparing for Climate Stress Test That Includes Insurers

The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate change, with the exercise set to involve the insurance industry for the first time.

Boeing Wins $37 Billion Saudi Arabia Deal for New Airline

Saudi Arabia will buy 78 Boeing Co. 787 Dreamliners, as Crown Prince Mohammed Bin Salman revitalizes the country’s flag carrier and oversees the rise of a new international airline that seeks to rival Emirates and Qatar Airways.

Startups With SVB Bridge Debt Are Scrambling, Canadian VC Says

Startup companies that got temporary bridge funding from Silicon Valley Bank are now scrambling to figure out how they’ll refinance those obligations when they come due, according to an official at a Canadian government-owned venture capital firm.

Buttigieg Pushes New Crackdown on Mergers in Transportation Industry

US regulators are engaging in a “real shift” in how they view competition in transportation industries and will make “vigorous” use of their authority to ensure airlines, railroads and others serve consumers, Secretary Pete Buttigieg said Monday.

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