Bloomberg Business

Vivendi SE is in talks to sell its Editis publishing business to billionaire Daniel Kretinsky’s International Media Invest.

(Bloomberg) — German Chancellor Olaf Scholz has invited Brazilian President Lula da Silva for talks and a joint cabinet meeting in Berlin in the second half of this year, in a sign of strengthening ties between Europe and South America’s two biggest economies.

Rheinmetall AG, Germany’s largest munitions manufacturer, said Europe’s defense industry can’t meet Ukraine’s artillery ammunition needs for its war against Russia unless governments increase spending enough to double production capacity.

China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, helping drive the world’s biggest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group Inc.

Japan’s 10-year yield dropped through the central bank’s previous policy ceiling, as a global bond rally eased the pressure on the nation’s authority to normalize policy.

The Philippines is grappling with the fallout of an oil spill south of Manila, with a contractor describing the cleanup as a “logistical nightmare” amid questions on why the ship carrying industrial fuel was able to sail without a permit.

South Korea will reconsider its plan to raise the maximum weekly work hours to 69 after its “MZ Generation” of millennials and Generation Z members balked at the idea many saw as destroying a healthy work-life balance.

The US government’s emergency decision to backstop the financial system after the collapse of Silicon Valley Bank has earned praise from prominent names including Larry Summers and Bill Ackman.

Investor Michael Burry believes the spreading crisis following the collapse of Silicon Valley Bank could resolve “very quickly.”

Credit Suisse Group AG Chairman Axel Lehmann is forgoing a payment of 1.5 million Swiss francs ($1.6 million) for his first full year on the job, as the bank reported its worst annual performance since the 2008 financial crisis.