Bloomberg Italy’s sovereign rating outlook was lowered to negative by Moody’s Investors Service, which cited accumulated risks from Russia’s war in Ukraine to departure of PM Mario Draghi. Italy’s finance ministry called action “questionable.” The credit quality of the European nation, which is rated Baa3 by Moody’s, is under pressure from heightened government risk that could impede structural reforms, ...

Bloomberg Canadian employment unexpectedly falls for a second straight month in July as workers dropped out of the labour force, adding to evidence the economy is losing momentum. The country shed 30,600 jobs last month, Statistics Canada reported in Ottawa, a surprise negative reading compared to the 15,000 gain anticipated by economists. Still, the unemployment rate held at a record ...

  Bloomberg Everybody likes to have options to choose from, or at least they think they do. That’s part of what led some automakers to bet heavily on plug-in hybrid electric vehicles, or PHEVs, which offer consumers a way to get a sampling of the EV experience without jumping fully in. PHEVs are often described as a transition technology — ...