Bloomberg Tech giants such as Google and Facebook face major restrictions on the way they handle content after a committee of European Union (EU) lawmakers proposed expanding measures to protect consumers online. New regulations would limit the targeting of ads to minors and completely ban so-called “dark patterns,” where platforms push people to consent to being tracked online, according …

Bloomberg Yamaha Motor Corp is set to unveil an electric scooter in key markets next year as Japanese motorcycle manufacturer seeks to deliver greener products. Yamaha will start offering small EV scooters in Europe, and lease medium-sized bikes in Europe, Japan, China, Malaysia, Indonesia and Thailand starting from spring, CEO Yoshihiro Hidaka said. They are based on the company’s E01, E02 …

  Bloomberg Federal Aviation Administration (FAA) officials have approached US prosecutors to warn them that the lone person charged with a crime after the two fatal crashes of Boeing Co’s 737 Max is being made a “scapegoat,” according to a court filing in the case. Statements by the Department of Justice after it indicted Mark Forkner, Boeing’s former chief technical …

  Bloomberg The UK will remove all 11 countries from its so-called Covid-19 red list, paving a way for the reopening of travel to South Africa and other countries just as the peak Christmas season gets underway. The travel bans and hotel quarantine requirements for people arriving from the nations, including Nigeria and Zimbabwe, will be scrapped, Health Secretary Sajid …

  Bloomberg Hungary will delay the purchase of Budapest Airport because of a ballooning budget deficit, Prime Minister Viktor Orban said. The surprise announcement, delivered at a briefing, followed a warning by central bank Governor Gyorgy Matolcsy, who said last week that the size of the purchase threatened the country’s financial stability amid record spending before elections expected in April. …

  Bloomberg Singapore Airlines Ltd signed a letter of intent with Airbus SE for seven A350 freighters with an option to take five more as the carrier phases out its aging cargo fleet. Delivery of the planes will start in the fourth quarter of 2025, Singapore Airlines said in a statement, without providing a dollar amount. The deal means the …

Bloomberg Nike Inc is acquiring a virtual collectibles company as it dives further into the metaverse. The sportswear giant agreed to buy RTFKT, a business founded in 2020 that creates digital products like sneakers and uses blockchain technology to ensure authenticity, according to a statement. Financial terms of the deal were not disclosed. “This acquisition is another step that accelerates …

  Bloomberg Bank of America Corp (BofA) is turning to private jets and exotic cars to compete with American Express Co and JPMorgan Chase & Co and lure big spenders to its credit cards. The Charlotte, North Carolina-based company revamped its rewards program and debuted a new $550-a-year metal credit card that offers extra points on travel and dining purchases …

  Bloomberg Poland is poised for a hefty increase in interest rates after a spike in inflation to a two-decade high convinced central bankers that spiralling price growth isn’t transitory. Since the Monetary Policy Council hiked the benchmark to 1.25% last month, all but two of its 10 members have suggested that they’re ready to act again. Of 32 economists …

    Bloomberg JPMorgan Chase & Co is preparing to pay roughly $200 million to resolve the US regulatory investigations into the lapses over monitoring the employee communications. A settlement with the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) could be reached before year-end, according to people familiar with the matter, although the figure is preliminary …