Bloomberg Some European Union governments are pushing for the bloc to quickly impose new sanctions in response to multiple reports that Russian troops executed unarmed civilians in Ukrainian towns, according to diplomats familiar with the discussions. The European Commission was already honing measures that would mostly focus on closing loopholes, strengthening existing actions — such as export controls on technology ...

Bloomberg Hong Kong’s election season officially began on Sunday, and despite a near-two month delay in proceedings due to a Covid crisis, it’s still wildly unclear who actually wants the city’s top job. That’s about to change. Contenders now have two weeks to declare their candidacy and secure at least 188 votes from the committee of 1,500 largely pro-Beijing electors ...

Bloomberg Two officials of North Korea’s ruling party, including the sister of leader Kim Jong-un, criticised South Korea’s defense minister for comments about his country’s missile capabilities. The North Korean statements, issued through KCNA, claimed South Korean Defense Minister Suh Wook had spoken of a “preemptive” attack on its neighbour. Suh had talked about the country’s capacity to “accurately and ...

  Bloomberg British carmaker Lotus’s bid to move from bit player in the racy roadster market to mass relevancy rests on a 600-horsepower electric SUV. China’s Zhejiang Geely Holding Group Co, which in 2017 purchased a majority stake in the heritage brand, revealed the Lotus Eletre in London, where it was driven onstage by Formula 1 champion Jenson Button. The ...

  Bloomberg Ford Motor Co is boosting its electric-vehicle lineup with seven new models over the next two years across its passenger car and commercial van range to target sales of more than 600,000 battery-powered vehicles. The US carmaker is also doubling to $2 billion its planned investment at its key European production site in Cologne, Germany, to make electric ...

  Bloomberg Sony Group Corp. introduces a new video game subscription service for the PlayStation, said people familiar with the plans. The service, which has been in development under the codename Spartacus, is Sony’s answer to Microsoft Corp.’s Xbox Game Pass, a sort of Netflix for video games that has amassed more than 25 million subscribers. Sony’s will debut with ...

Bloomberg Apple Inc is exploring new sources of the memory chips that go into iPhones, including its first Chinese producer of the critical component, after a disruption at a key Japanese partner exposed the risks to its global supply. It’s considering expanding a roster of suppliers that already includes Micron Technology Inc. and Samsung Electronics Co. after Kioxia Holdings Corp. ...

  Bloomberg Toyota may stop manufacturing in the UK because of a government policy that mandates a rapid switch to fully electric vehicles, the Times of London reported. The company told Transport Secretary Grant Shapps about its concerns for the plan’s transition phase, which bans new gasoline and diesel cars from 2030. While hybrid vehicles will be allowed until 2035, ...

  Abu Dhabi / WAM AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, has partnered with UAE-based, multi-business conglomerate Ghassan Aboud Group to establish one of the region’s largest automotive export and distribution hubs in Kizad. The launch was announced at the official ceremony held in Abu Dhabi in the presence of key stakeholders and officials. ...

Bloomberg Oil headed for the biggest weekly loss in almost two years after the Biden administration ordered an unprecedented release of the US strategic reserves to tame rampant prices. West Texas Intermediate futures swung between gains and losses Friday, and were down about 13% this week, the most since April 2020. The US plans to release 1 million barrels a ...