Bloomberg Peru raised interest rates for a sixth straight month as inflationary pressure mounts amid the economy’s strong rebound from the pandemic. The central bank increased its policy rate by half a percentage point to 3% in line with the forecasts of five of seven analysts surveyed by Bloomberg. Two economists had expected a bigger increase, to 3.25%. “With …

  Bloomberg The epic fight over who controls the future of the car industry is about to get a whole lot more interesting. Tesla Inc, the pioneer and pacesetter, has dominated the early rounds of the new-energy age, capturing investors’ imaginations with a vision for what the next generation of vehicles looks like and seizing the nascent market for fully …

  Bloomberg Apple Inc has issued unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals such as Facebook owner Meta Platforms Inc. The company informed some engineers in silicon design, hardware, and select software and operations groups of the out-of-cycle bonuses, which are being issued as restricted …

  Bloomberg Sony Group Corp announced an exclusive game for its next-generation virtual reality (VR) headset, dubbed PSVR2, charging up the platform’s appeal just as metaverse hype intensifies. The Japanese entertainment and electronics giant introduced a teaser video for the title, from hit in-house franchise Horizon, while unveiling PlayStation VR2 with an upgraded headset and VR2 Sense controllers. Promising increased …

  Bloomberg Samsung Electronics Co’s quarterly profit climbed more than 50% after chip prices stabilised and sales of smartphones surged, reinforcing hopes the memory industry will emerge from its downturn this year. South Korea’s biggest company posted operating income of $11.5 billion for the three months ended December, missing estimates after it distributed special bonuses to employees. But revenue jumped …

  Bloomberg Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the Opec+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest oil producer has altered output at the giant Tengiz field following protests in …

  Bloomberg Taiwan exports extended their double-digit growth for a tenth month, with shipments from the island in 2021 smashing all records due to soaring demand for technology products and components. Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance Friday. Exports in 2021 were a record …

  Bloomberg Royal Dutch Shell Plc said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter, but the unit that buys and sells oil fared much worse. It’s the latest in a series of mixed performances from an energy giant that’s under pressure on all sides from activist investors, to pension funds …

  Bloomberg Greece is extending measures designed to help households and businesses pay their power and gas bills in January as the surge in energy prices shows no sign of let up. “The government will support households, farmers and also businesses against the global turmoil in energy prices for another month,” Prime Minister Kyriakos Mitsotakis said on Friday. While the …

  Bloomberg Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed to properly disclose a sprawling corruption scandal and subsequent settlement. The lawsuit, filed in the Netherlands, was served against the French aircraft maker, its auditors as well as current and former executives, according to an emailed statement sent …