UK Health Crisis Deepens Amid Standoff in Strike Talks
Unions say no major talks are scheduled between ministers and Britain’s health workers or civil servants, despite the country suffering its worst run of strikes in more than three decades.
Bloomberg Business
ECB Rate-Hike Week May Feature Slowing Inflation, Stalling GDP
(Bloomberg) — Euro-zone inflation probably slowed marginally just after the economy either stalled or even contracted, according to forecasts for crucial data before next week’s interest-rate decision.
ICE to Start Rival London Gas Market to Dodge EU Price Cap
Intercontinental Exchange Inc. will open a parallel natural gas market in London to help traders avoid potential disruptions from new European Union rules to cap energy prices.
Musk Dealt Setback as Tesla Critic’s Smear Trial Nears
Elon Musk failed to persuade a judge to let him sue a data journalist for publishing an email by the Tesla Inc. CEO making allegations against an outspoken critic of the company who then sued the billionaire for defamation.
Intel Gives One of Its Grimmest Forecasts Ever, Slamming Shares
Intel Corp. is forecasting one of the worst quarters in its history, touching off a broader selloff of chips companies as a slowdown in personal-computer sales ravages the industry.
Italy Starts Talks with Lufthansa to Sell Minority Stake of ITA
Italy initiated talks with Deutsche Lufthansa AG to sell a minority stake of ITA Airways, the successor of Alitalia SpA, in a move that may kick off aviation industry consolidation in Europe.
Chevron Falls After Posting Disappointing Quarterly Result
Chevron Corp. posted disappointing fourth-quarter results, just days after surprising investors with a mammoth $75 billion share-buyback program, as the oil giat disclosed a surprise jump in corporate costs.
Pricey SUVs Emerge as Hot Point in Debate Over EV Tax Credits
General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric-vehicle tax credits under President Biden’s Inflation Reduction Act.
US Saving Rate Jumps to Seven-Month High on ‘Cloudy’ Outlook
Americans stashed more money away last month, pulling back on discretionary spending amid a cloudier economic outlook.
Summers Urges Fed to Avoid Pledging Rate Hikes After Next Week
Former Treasury Secretary Lawrence Summers urged the Federal Reserve to refrain from signaling its next move after an expected interest-rate hike next week because of the economy’s highly uncertain outlook.
