Bloomberg Business

New measure means the bloc will lose its biggest supplier of the fuel

With gas prices down from record highs, Germany has seen a surge of optimism that the worst of the energy crisis has passed. But for the country’s biggest industrial producers, the long-term picture remains dismal.

Brunello Cucinelli likes making money but the Italian billionaire wants his workers and suppliers to benefit too. In an industry which posts eye-popping margins, his namesake luxury cashmere house pours profits into better pay and working conditions. Investors, so far, appear to be on board.

Patrick Drahi has found breathing space in constricted debt markets that once so freely supplied the oxygen needed for his decades of empire building.

Nigeria is staring at chaos as ATMs in Africa’s biggest economy run out of new notes, days before a deadline that will render high-value currency illegal.

The week began with Gautam Adani publishing his empire’s 413-page rebuttal  to Hindenburg’s report, a move that failed to stem a slump in the group’s shares, and ended with a bizarre diplomatic spat between the US and China over a balloon. In between, the Federal Reserve gave markets the idea that it was bluffing about its rate policy and the Labor Department released numbers that made everyone gloomy again.

The US is sending Ukraine a new $2.1 billion weapons package, the Pentagon said Friday, including a new ground-launched, bomb-tipped rocket.

Elon Musk proved once again that he’s difficult to beat in court.

Former Brazilian President Jair Bolsonaro is again marshaling supporters in Florida, saying he’s puzzled that he lost last fall’s election and giving no indication that he intends to leave the US.