International News

  Bloomberg Norway’s economy expanded faster than expected at the end of last year, cementing the outlook for a string of interest rate hikes by Norges Bank from next month. Mainland gross domestic product, which adjusts for the oil-rich nation’s offshore industry, grows 1.4% in fourth quarter from previous three months, the statistics office said. Economists surveyed by Bloomberg and ...

  Bloomberg Tesla Inc faces a review in Germany over an Autopilot feature, as regulatory scrutiny intensifies into carmaker’s driver-assistance technology. Germany’s federal motor vehicle office KBA is investigating Tesla’s automated lane-change function and whether it’s approved for use in Europe, Bild am Sonntag newspaper reported. The KBA is also in contact with the Netherlands’ vehicle agency, which is responsible ...

  Bloomberg Prices charged for goods and services in the euro area jumped by a record amount in February as an easing of pandemic restrictions led to an unexpectedly strong rebound in economic activity. Both manufacturers and service providers saw output improve, according to purchasing managers indexes compiled by IHS Markit. Rising demand and a gradual easing of supply bottlenecks ...

  Bloomberg Boris Johnson said the UK proposes to stop Russian firms from raising capital in London’s financial markets, part of measures targeting Vladimir Putin’s administration if it decides to invade Ukraine. The move is part of a “very tough package of sanctions” that’s “ready to go,” the British prime minister said in a pooled TV interview in London. Johnson ...

  Bloomberg Biden administration officials told lawmakers that they plan to seek $30 billion in new spending to combat the Covid-19 pandemic in conjunction with a $1.5 trillion government funding package lawmakers want to complete by March 11. Department of Health and Human Services officials made the informal pitch to lawmakers, with a formal White House request expected at a ...

  Bloomberg Italian Prime Minister Mario Draghi pushed through long-delayed changes on how Italy assigns licenses for public beaches, despite the opposition of one of the parties backing his government. The government approved a plan to set up competitive tenders for the lucrative licenses from 2024, which allow bathhouses and resorts to be built on public land in exchange for ...

  Bloomberg Canadian consumer price inflation accelerated to a new three-decade high in January, adding to pressure on the Bank of Canada to start raising interest rates as early as March 2. Annual inflation was 5.1% last month, up from 4.8% in December, Statistics Canada reported in Ottawa. Economists were anticipating inflation would be unchanged in January. The average of ...

  Bloomberg German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion). The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, ...

  Bloomberg UK inflation unexpectedly accelerated for a fourth straight month in January, a surprise that highlights a brutal cost-of-living crisis that’s only set to worsen this year. Annual price growth rises to 5.5 percent, a new 30-year high, driven by clothing and footwear, the Office for National Statistics said on Wednesday. Both economists and the Bank of England had ...

  Bloomberg Trade between Ireland and Northern Ireland surged during 2021 following the UKs formal departure from the European Union. Imports from Northern Ireland to the Irish Republic jumped 65% compared to a year earlier, while exports from the Republic to Northern Ireland rise 54%, Ireland’s Central Statistics Office said. Meanwhile, imports to Ireland from the rest of the UK ...