Germany, Italy Protest Strict EU Plan for Combustion-Engine Ban
Germany and Italy are threatening to block a European Union ban on new combustion-engine cars, putting its green goals at risk if they don’t obtain a compromise.
Bloomberg Business
Traders See Lower Peak BOE Rate as Bailey Says ‘Nothing Decided’
UK government bonds rallied as investors honed in on comments from Bank of England Governor Andrew Bailey that cast doubt over the pace of further interest-rate rises.
YouTube to Add AI-Powered Tools for Video Creators, New CEO Says
Google’s video site plans to include new visual AI capabilities, with ‘thoughtful guardrails’
Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face
The Memphis Grizzlies point guard is the focus of a major brand overhaul for Coca-Cola’s sports drink.
Twitter Resolves Feed Outage After Latest Post-Musk Blip
Twitter Inc. appeared to have largely resolved an issue that kept users from loading a part of their news feed on Wednesday morning in what was just the latest disruption to the service since Elon Musk took over the company and fired half of its staff.
Saudi Aramco Near Deal to Join Renault-Geely Car Venture
Saudi Aramco is nearing a deal to acquire a stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned combustion-engine venture to grow its footprint in transport, according to people familiar with the situation.
Nagel Says Markets Now Better Understand ECB’s Inflation Task
European Central Bank Governing Council member Joachim Nagel said investors are getting a better understanding of the challenge in returning inflation to the 2% target.
US 30-Year Mortgage Rate Rises to Highest Since Mid-November
US mortgage rates increased last week to the highest since mid-November, pushing down a gauge of home-purchase applications to the lowest level in nearly three decades.
Ghana Eurobonds Sink as Debt Restructuring Hits New Hurdles
Ghana’s eurobonds sank to the lowest level in nearly three months after the country missed a self-imposed deadline to restructure its bilateral debt and S&P Global Ratings warned that bondholders face larger losses than anticipated.
TikTok Limits Teens to 60 Minutes a Day to Prevent Binges
TikTok will automatically impose a 60-minute time limit for users under age 18, an attempt to mitigate the app’s addictive nature and address concerns about its impact on teens.
