BLOOMBERG Norway and Sweden are no longer the place to go for currency investors hunting richer returns in Europe. The Nordic nations’ comparatively high interest rates and slow inflation made them a carry-trade favourite in quiet times when demand for riskier wagers was strong. Investors borrowed in low-rate currencies like the euro and Swiss franc and used the money to ...

BLOOMBERG German public-sector workers struck a wage deal with employers, capping a confrontational series of negotiations that saw repeated strikes in Europe’s largest economy. Staff will receive staggered one-time payments totalling  $3,300 through February 2024. After that, salaries will rise by 200 euros on a permanent basis, and then be increased by 5.5%. The agreement covers about 2.5 million employees ...

BLOOMBERG Tesla Inc was found by a Los Angeles jury not to be at fault following a trial over a driver’s claim that the Autopilot feature in her Model S caused her to veer into the center median of a city street, according to a court clerk. Justine Hsu, who suffered face injuries in the 2019 crash, alleged negligence, fraud ...