Bloomberg Business

European natural gas fell for a third day as ample supplies and the return of milder weather help to ease the region’s energy crisis.

Germany’s business outlook brightened further as the recession many had feared after Russia attacked Ukraine looks increasingly likely to be avoided.

Currency investors are paying the highest premium in four months to hedge against further losses in Turkey’s lira as they brace for national elections.

The most-liquid stocks controlled by the Adani Group, Adani Ports and Special Economic Zone Ltd. and Ambuja Cements Ltd., are also the most vulnerable in the event of an extended selloff in the diversified conglomerate’s shares.

The UK’s proposed rules to eradicate greenwashing in investment funds set a higher bar than those already enforced in the European Union, according to one of Britain’s biggest and most influential finance industry groups.

EasyJet Plc. shares surged the most since March after the carrier said strong bookings continued into the second quarter and the crucial summer months, underscoring how the aviation industry is staging a comeback from the pandemic despite persistent cost-of-living concerns among consumers.

A two-day strike at gas stations in Italy is a major political headache for Prime Minister Giorgia Meloni, even though disruptions were relatively limited early on Wednesday.

(Bloomberg) — With energy costs dropping, the euro zone is set to escapes two consecutive quarters of contraction by the narrowest of margins, according to Bloomberg Economics’ latest projections. Whether a “technical recession” — two consecutive quarters of contractions — is recorded or not, the key takeaway is that the combination of surprising resilience and a smaller squeeze on real incomes makes a deep downturn in the euro area much less likely. Warm weather and a light-footed response from energy-intensive businesses have loosened Russia’s stranglehold on the euro-area economy — BE no longer forecasts a significant winter downturn.

Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal.