Bloomberg Business

Sunak Weighs Whether to Further Pare Back HS2 Rail Project

Prime Minister Rishi Sunak is mulling whether to further pare back the UK’s flagship HS2 high-speed railway line amid concerns about the spiraling costs of the project, according to a person familiar with the matter.

Turkey Alters Key Lira Savings Program in Latest Tightening

Turkey is making it costlier for banks to offer short-term deposits that make up the bulk of a $124 billion government-backed lira savings program, a tightening of policy that will soak up billions in liquidity and attempts to discourage people from shifting into dollars.

DOJ’s Google Case Adds to the Mounting Scrutiny of Big Tech

The US and Alphabet Inc.’s Google are facing off in a trial over claims the company engaged in anticompetitive practices — a key test of the government’s ability to limit the power of technology giants like Google, Amazon.com Inc., Apple Inc. and Meta Platforms Inc.

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