Hurricane Lee to Push Unusual Cape Cod Bay Surge: Weather Watch
Turbulent conditions in the Atlantic are on Bloomberg Green’s radar today.
Bloomberg Business
Hong Kong Launches Glitzy Nightlife Campaign to Boost Spending
Hong Kong kicked off a campaign to stimulate its nightlife as officials seek to bolster the city’s attractiveness and revive an economy battered by years of pandemic isolation.
VW Lays Off Workers at Key EV Factory Over Cratering Demand
Volkswagen AG is cutting temporary workers at its main electric-vehicle factory in Germany after the phaseout of a subsidy in the country caused demand for its EVs to drop.
Zero-Day Options Boom Is Spilling Into $7.4 Trillion ETF Market
This year’s hottest options trade has found its way into the $7.4 trillion ETF arena for the first time, in the latest push by the financial industry to tap booming demand for stock investments with an income stream.
Morgan Stanley Says Italy Bond Rally Is Over
Italy’s bond risk premium will surge back to levels seen at the start of 2023, according to Morgan Stanley strategists.
OPEC Chief Warns of ‘Energy Chaos’ If Fossil Fuels Are Scrapped
OPEC’s top official warned against abandoning fossil fuels, hitting back once again at remarks from the world’s energy watchdog.
THG Shares Drop As Firm Lowers Revenue Target After £100 Million Loss
THG Plc shares plunged as much as 20% after the UK e-commerce company reported a wider loss in the first half and lowered its sales forecast, held back by inflationary pressures and its beauty division.
Cinven’s Top Financial Services Dealmaker Departs Buyout Firm After 20 Years
Cinven’s partner in charge of financial services investments is departing the private equity firm after two decades, people familiar with the matter said.
Sarah Breeden Approved by Lawmakers as New BOE Deputy Governor
UK lawmakers have approved the appointment of Sarah Breeden as Bank of England Deputy Governor for Financial Stability.
Ukraine Presses Ahead With Rate Cuts as War-Time Inflation Eases
Ukraine’s central bank trimmed borrowing costs for a second consecutive meeting, pressing ahead with monetary easing after inflation dropped into single-digit territory.
