International News

Bloomberg Ericsson AB Chief Executive Officer Borje Ekholm welcomed one of his company’s staunchest critics, activist investor Cevian Capital AB, which is seeking a seat on the 10-person board. Cevian, which first invested in the Swedish telecommunications networks maker in 2017 and now has a stake of about 5%, is looking to name a director to the board at an …

  Bloomberg The cost-of-living crisis is driving demand for Britain’s student halls, as undergraduates hunt for tenancy agreements that lock in the price of their bills. Some £6.9 billion was invested in purpose-built student accommodation in 2022, a 62% year-on-year rise, according to broker Knight Frank. What’s more, £3.8 billion was spent in the final quarter, boosted by the £3.3 …

Bloomberg The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition in response to a US climate law it fears unfairly subsidizes American companies. “To keep European industry attractive, there is a need to be competitive with offers and incentives that …

Bloomberg Boston-based startup Sublime Systems has raised $40 million to develop a new technology to produce low-carbon cement. The cement industry contributes as much as 8% to global emissions of planet-warming carbon dioxide. Meeting global climate goals under the Paris Agreement would require reducing that to zero within decades. However, cement has proven to be one of the more difficult …

  Bloomberg Investors’ sentiment for the German economy jumps to the highest level in almost a year, the latest evidence that confidence is building as a squeeze from soaring energy prices eases. The ZEW institute’s gauge of expectations rose to 16.9 in January from -23.3 in the previous month — better than any estimate in a Bloomberg survey of 27 …

  Bloomberg Adler Group SA said it had commissioned a review of 800,000 documents originally withheld from its forensic audit and found no evidence of related-party deals. The German landlord said the review conducted by a law firm was investigating whether there was anything incriminating in the emails, calender entries and documents that had been withheld from KPMG’s probe, according …

  Bloomberg The UK has become the third-most important country in the world for chief executives trying to expand their businesses, according to a prominent survey, the first time it has broken into the top three. The 26th annual poll of business leaders conducted by PricewaterhouseCoopers LLP found that the UK was behind only the US and China, and equal …

  Bloomberg China’s sudden reopening is set to offer a boost to a flagging world economy. The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic. Tourism-reliant nations in Southeast Asia will likely be among the first to note …

  Bloomberg Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the first quarter, according to people familiar with the matter. Under the plan first announced on Friday with little details, the People’s Bank of China will channel 80 billion yuan …

  Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, …