Bloomberg Business

Chicago Mayor Lori Lightfoot is using fallen crypto executive Sam Bankman-Fried in an advertising campaign attacking her biggest opponent in this year’s election.

The House is at a standstill with Republicans deadlocked in a battle to elect a speaker that heads into its second day with Representative Kevin McCarthy fighting a faction of 20 conservative, anti-establishment lawmakers who say the California Republican hasn’t done enough to win their votes.

McDonald’s Corp. is set to abandon Kazakhstan after disruptions triggered by the invasion of Ukraine left the central Asian nation without a substitute for Russian meat supplies, according to people familiar with the matter.

Verizon Communications Inc. expects to cut capital spending by 23% in 2024 as the company completes its major 5G network buildout and turns its focus to sales growth and cash generation.

Coinbase Global Inc., the largest US cryptocurrency exchange, said its US unit reached a $100 million settlement with New York regulators for letting customers open accounts with insufficient background checks.

Cineworld Group Plc has shuttered 23 theater sites since filing for bankruptcy last year and plans many more closures, according to a legal adviser in a restructuring hearing Wednesday.

The number of earthquakes in the Netherlands linked to natural gas extraction fell by almost a quarter last year, as it moves to curb production from Europe’s largest reserve.

UK Prime Minister Rishi Sunak made five promises to the British public — and wants voters to judge his government on whether those pledges are met. “No tricks, no ambiguity — we’re either delivering for you or we’re not,” Sunak said in London in his first speech of the year.

Natural gas prices in Europe fell back to pre-war levels, as a bout of mild weather reduced demand and eased fears of a prolonged supply crunch.