Bloomberg Business

China’s pivot away from Covid Zero is poised to boost natural gas demand in the world’s biggest importer, potentially curbing supply to Europe and other Asian nations.

A key gauge of US consumer prices in November posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

US stock futures surged more than 3% and yields on Treasuries tumbled across the curve after data showed prices grew less than forecast last month, cementing optimism the Federal Reserve will slow the pace of rate increases.

A cold week in Europe is sending short-term power prices soaring as grid operators balance supply and pay power stations to keep the region’s lights from flickering.

Growing regulation on greenhouse gas disclosure has sparked demand for help from the tech industry. 

Rail workers have begun a series of strikes designed to cripple Britain’s transport system over the Christmas period, triggering a war of words with the government over who is to blame for the crisis.

Gordon Rubenstein, the head of Raine Group’s venture capital arm, has agreed to join US digital entrepreneur John Textor in his planned takeover of French football club Olympique Lyonnais.

Prime Minister Rishi Sunak unveiled plans to tackle the UK’s swelling backlog of asylum claims including making it harder for arrivals from Albania to stay in Britain.

Belgian police have seized more than €1.5 million ($1.6 million) in cash as part of their expanding probe into a corruption scandal involving the European Parliament and Qatar.