British Gas Faces Probe Amid Forced Prepayment Plan Backlash
The UK’s energy watchdog Ofgem will investigate allegations that Centrica Plc’s British Gas forced the installation of pre-payment meters on customers struggling to pay their bills.
Bloomberg Business
Trump Is Noncommittal on Supporting GOP Nominee Who’s Not Him
Donald Trump won’t commit to supporting the Republican presidential nominee in 2024 if he doesn’t win the nomination, raising the prospects of a nightmare GOP scenario of the former president helping Democrats retain the White House.
Norwegian Grocers Reverse Price Hikes After Political Uproar
Some of Norway’s leading grocers have reversed price hikes they made earlier this week after the moves sparked criticism from the government and probes into potential competition issues.
Former FTX Executive Harrison Is Getting Ready for His Next Act
It’s been less than three months since FTX collapsed in what US prosecutors called one of the biggest financial frauds in American history — and a former top executive is eager to get it all behind him and move on to his next big thing.
Chaos in Serb Assembly as Vucic Sticks to EU, Kosovo Talks
Serbian parliament devolved into chaos on Thursday as President Aleksandar Vucic urged lawmakers to stay in the European Union fold even as the bloc demands “painful” concessions on Kosovo.
Distressed Crypto Deals Heat Up as Jefferies Buys Genesis Claim
Just months after FTX’s collapse drew some of the largest distressed investors to crypto, the spiraling industry has thrown up a new high-profile target: Genesis.
Beijing Lobbies US Allies After Push to Contain China’s Chips
Days after Japan and the Netherlands joined the US in agreeing to restrict some high-technology exports to China, Beijing has reached out to those American allies, encouraging them to protect existing supply-chain relationships.
Sarah Sanders to Give GOP Response to Biden State of the Union
Arkansas Governor and former White House Press Secretary Sarah Huckabee Sanders will deliver the Republican response to President Joe Biden’s State of the Union address next Tuesday.
Czech Central Bank Holds Rates as Michl Dampens Easing Bets
(Bloomberg) — Czech policy makers kept borrowing costs unchanged and reiterated their currency-intervention pledge that’s boosted the koruna and helped tackle the worst cost-of-living crisis in three decades.
UK Finance Chiefs’ Price Fears Cooled Significantly, Says BOE
UK finance directors were a little less concerned about inflation and soaring wages at the start of 2023, a Bank of England survey showed in an indication that some frictions in hiring staff also are dissipating.
