Electric Vehicles Look Poised for Slower Sales Growth This Year
BloombergNEF is forecasting about 13.6 million deliveries, up from more than 10 million in 2022.
Bloomberg Business
Qdoba Seeks to Double Its Store Count Under Ex-Appelbee’s CEO
Qdoba, the Mexican-themed restaurant chain recently acquired by Butterfly Equity, named former Applebee’s head John Cywinski as its chief executive officer on Thursday.
Ferrari Ends Blockchain Pact with Swiss Firm Velas as Deals Sour
Ferrari NV’s Formula One Team has ended its partnership with blockchain technology company Velas Network AG, as deals between sports companies and firms in the beleaguered cryptocurrency sector continue to crumble.
Lufthansa Seeks Some Conditions in Looming Bid for Italy’s ITA
Deutsche Lufthansa AG is discussing some conditions with Italy in order to proceed with its plan to acquire a 40% stake in the country’s ITA Airways, according to people familiar with the matter.
UAE Increases Pakistan Financial Assistance to $3 Billion
Pakistan has said the United Arab Emirates has agreed to increase its financial assistance to Pakistan to $3 billion, a move key to bolster foreign exchange reserves for the South Asian nation reeling under an economic crisis.
Pharma Companies Say New Drug Price Law Leaves Them in Limbo
Drugmakers say a new US law aimed at cutting prices on top-selling medicines after they’ve been on the market for several years has them stuck in limbo.
JPMorgan Accuses Morgan Stanley Defector of Poaching 32 Clients
JPMorgan Securities LLC asked a court to order one of its former employees to stop poaching its customers for his new employer, Morgan Stanley Smith Barney LLC.
Nexo Office Raided by Bulgarian Police in Wide Investigation
Crypto lender Nexo’s office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.
Bitcoin Extends Its Longest Winning Streak Since Pandemic Days
A prolonged rally in Bitcoin is giving crypto enthusiasts a smidgen of something to be happy about during a dark period for the industry.
Volkswagen Sales Fall to 11-Year Low After Chip Shortages Crimp Output
Volkswagen AG expects easing supply bottlenecks and existing orders to boost sales this year even as shortages of semiconductors in 2022 led deliveries to an 11-year low.
