Bloomberg Business

The driverless-car business is eliminating some engineering and embracing financial discipline

Thanks to geothermal energy in Iceland, citizens pay almost nothing for electricity, the air is clean and outdoor swimming pools stay warm year round.

A “cooking” summer holiday season in South Africa’s Western Cape province, which includes the tourist mecca of Cape Town, spurred a surge in hiring, its top official said.

The former head of Gazprombank’s Swiss unit and three of his colleagues were hit with criminal charges in Zurich over their alleged mishandling of financial transactions tied to a cellist confidant of Vladimir Putin.

The chief executive officer of Amazon.com Inc.’s video doorbell subsidiary Ring is stepping down, making way for an executive with experience at Microsoft Corp. and Meta Platforms Inc.

It didn’t take long for Brazil’s state-controlled oil giant Petrobras to come under fire from newly elected President Luiz Inacio Lula da Silva, who is struggling to avert a major slowdown in Latin America’s largest economy.

Affordability and autonomy have eluded Elon Musk. Expect him to say his company can finally deliver both in its next phase of growth.

Treasury 10-year yields topped 4% for the first time since November, signaling that the Federal Reserve’s warnings of higher-for-longer rates are finally sinking in.

Brian Armstrong, co-founder and chief executive officer of Coinbase Global Inc., reiterated that the largest US cryptocurrency exchange’s “staking” product shouldn’t be classified as a security amid a broad regulatory crackdown.

It’s the biggest US operator to publicly acknowledge a misstep in reporting its emissions since high-resolution satellite imagery of methane concentrations has become more widely available.