Bloomberg Prices of groceries bought online soared by a record 7.6% last month in the US, according to data compiled by software company Adobe Inc. And that’s even before accounting for the delivery costs. Overall, Adobe’s digital price index rose 3.6% in February from a year earlier, the highest rate in data going back to 2014. Clothing jumped 16.7%, …

  Bloomberg Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling back from business in Russia following the country’s invasion of Ukraine. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business …

  Bloomberg European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said uncertainty about the length of the current oil shock and the economic impact of Russia’s invasion of Ukraine mandate a cautious approach to monetary and budgetary policies in Europe. The oil shock “is very strong in its intensity, we don’t know its duration yet,” the Bank …