Bloomberg Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor. De Meo, 55, will replace Frederic Mazzella on the French company’s 16-member board, the maker of Austral and Megane E-Tech cars said, confirming a previous ...

  Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...

Bloomberg North Korean leader Kim Jong-un oversaw the test of a new solid-fuel rocket engine that could enhance the state’s ability to fire off quick-strike, longer-range missiles for delivering nuclear warheads. State media said Kim “guided the important test” of a “high-thrust solid-fuel motor,” noting it was the first of its kind for the country. “This important test has provided ...

Bloomberg Vladimir Putin is to travel to Belarus on Monday in his first visit in more than three years to his ally in Russia’s invasion of Ukraine. President Alexander Lukashenko will host Putin in Minsk for talks on security and “joint measures to respond to emerging challenges,” as well as economic cooperation including on import substitution, according to a statement ...

  Bloomberg Hungary is simultaneously urging the speeding up of Ukraine’s integration into the European Union while maintaining close ties to Russia, according to Prime Minister Viktor Orban’s chief adviser. “‘The Hungarian position is based on the idea of connectivity,” Balazs Orban, who’s unrelated to the premier, said in an interview in Brussels, referring to Russia. “So we should not ...

Bloomberg A salvo of Russian missiles knocked out power across Ukraine as President Vladimir Putin’s forces continued their campaign of attacking infrastructure. Rockets slammed into residential areas across the country, including the capital Kyiv, according to Mayor Vitali Klitschko. Kharkiv, the country’s second-largest city, and Poltava suffered blackouts in the ninth barrage since October. The attack, which underscores Moscow’s focus ...

Bloomberg Japan described China as an “unprecedented strategic challenge” in a new national security policy that sets the long-pacifist nation on course for its biggest increase in defense spending since the end of World War II. The new strategy, approved by Prime Minister Fumio Kishida’s cabinet and seen by Bloomberg in a draft, laid out plans for Japan to develop ...

Bloomberg Peru’s ousted President Pedro Castillo was ordered to remain in custody for 18 months amid nationwide protests demanding his release and new presidential elections. Judge Juan Carlos Checkley Soria, member of an investigative court under the country’s high court, ordered Castillo detained until June 2024 while he’s investigated for the alleged crimes of rebellion and conspiracy against the state ...

  Bloomberg Russia’s central bank left interest rates unchanged for a second meeting, capping a year that included a steep monetary easing cycle that more than reversed an emergency hike after the Kremlin’s invasion of Ukraine. Policymakers kept their benchmark at 7.5%, according to a statement, in line with the unanimous forecast of economists surveyed by Bloomberg. The ruble maintained ...

  Bloomberg Investors are concerned that too much tightening from the Federal Reserve could trigger a hard economic landing next year, as the central bank continues its most aggressive rate hike campaign since the 1980s, according to strategists at Bank of America Corp. That’s marked by a renewed selloff in equities, which is unlikely to end as long as the ...