Trading in Diesel Options Is Going Crazy
For the past month, an obscure corner of the oil market has been bristling with activity.
Bloomberg Business
Chile President Gabriel Boric Plans 3.5% Spending Hike and Vows Economic Revival
Chile plans to raise public spending by just 3.5% next year, less than in 2023, as the government struggles to move past political tensions and deliver on its key policy proposals.
UK Economy Stronger Than First Thought in Boost for Sunak
The UK economy recovered faster from the pandemic than previously thought, according to newly revised data, providing Prime Minister Rishi Sunak a needed boost days before he outlines his plan to stay in power.
NYC Faces Flooding as Rain Drenches the City: Weather Watch
Rain and storms are on Bloomberg Green’s radar today.
Intel CEO Says Turnaround Gets ‘Passing Grade’ After 2 1/2 Years
Intel Corp. Chief Executive Officer Pat Gelsinger said he’s making progress in his push to return the biggest chip manufacturer in the US to global leadership.
BlackRock’s Fink Says Looming US Shutdown Is Irrational, ‘Scary’
BlackRock Inc.’s CEO Larry Fink slammed US politicians over their failure to reach agreement on government funding, saying the prospect of a shutdown is undermining America’s standing with investors.
Ukraine Steps Up Strikes on Crimea as Offensive Grinds On
Ukraine has stepped up missile and drone attacks on Russian-occupied Crimea, destroying weapons, bases and supply lines as a four-month-old counteroffensive makes halting progress on the ground in the country’s east and south.
Crypto’s New Darling Is Ready to Deploy $6 Billion in Treasuries
One of crypto’s biggest decentralized lenders has doubled down on its decision to invest billions of dollars in US governments bonds, propelling its token to a 18-month high, trouncing all other major cryptocurrencies like Bitcoin.
Protests Over Water Dispute Hit Flights to India’s Silicon Valley
Flights were canceled, and schools and shops shut in the southern Indian state of Karnataka — home to technology giants such as Infosys Ltd. and Wipro Ltd. — as farmers protested against the sharing of the water of a key river with a neighboring state.
VW Scraps Plan for New €2 Billion EV Factory in Germany
Volkswagen AG is shelving a plan to build a €2 billion ($2.1 billion) factory for an important new electric-car project dubbed Trinity, opting instead to make the model at its existing plant in Zwickau.
