Bloomberg Business

Carlyle Group Inc. Chief Development Officer Ryan Selwood has left the firm, according to a person with knowledge of the matter.

US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected.

US consumers are still in a position of strength despite persistent inflation and other economic headwinds, Bank of America Corp. Chief Executive Officer Brian Moynihan said.

Amid a wall of screens in the control room of Equinor ASA’s Johan Sverdrup oil field in the North Sea ticks a tally of the day’s production — and a measure of Norway’s growing importance to Europe’s energy security.

US consumer prices rose briskly at the start of the year, and Mountain states once again saw higher-than-average increases. Annual inflation in that region — which include Arizona, Colorado and Nevada — came in at 7.2%, according to Labor Department data released Tuesday. Still, the rate of inflation is easing compared with the spring of 2022, when hot spots topped 10%. The South Atlantic region, which include Florida, Georgia and the Carolinas, saw the biggest drop in the annual rate of inflati

(Bloomberg) — IBM Corp. is suing the former top executive in its Thailand subsidiary, claiming she should pay back nearly half a million dollars in bonus awards for taking a job at a rival company.

Alarm bells are ringing at manufacturers that have been reluctant to ditch combustion.

The European Union’s executive branch proposed cutting emissions from trucks and buses by 90% within two decades as it tries to bring the major polluters in line with ambitious net zero goals.

(Bloomberg) — The UK is moving ahead with long-awaited plans to regulate “buy now, pay later” lenders.