Bloomberg Car sales in the European Union skidded to the lowest on record for February, as manufacturers brace for more disruption to output from supply-chain issues exacerbated by war in Ukraine. New-vehicle registrations in the EU fall 6.7% to less than 720,000 for the month, the European Automobile Manufacturers’ Association said. When including the UK and free-trade association countries, …

  Bloomberg Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. Futures in New York were trading near $104 a barrel after jumping 8.4%. Crude has whipsawed this week on conflicting news about progress in peace negotiations between Russia and Ukraine. The International Energy Agency (IEA) said on Friday that prices …

  Bloomberg Electricite de France (EDF) SA kicked off a deeply discounted rights offering of more than 3.1 billion euros ($3.4 billion), a stopgap measure as the state prepares to overhaul the ailing nuclear power giant. A broader reform of the debt-laden utility is planned by President Emmanuel Macron, who said some EDF assets should be nationalised. The firm, already …