Bloomberg US consumer borrowing surged in February by the most on record, reflecting outsized increases in both credit-card balances and non-revolving loans. Total credit jumped $41.8 billion from the prior month after a revised $8.9 billion gain in January, Federal Reserve figures showed. The increase exceeded all estimates in a Bloomberg survey of economists. On an annualised basis, borrowing ...

  Bloomberg Some of the world’s biggest automakers are linked through their suppliers to labour programs in China’s Xinjiang region that experts have flagged as coercive, according to a new report by Horizon Advisory, a ..-based consultancy. The concerns center around the production of aluminum, raising questions for another key industry about alleged human rights abuses in its supply chain. ...

Bloomberg The German government is working on a financial-aid package for companies suffering from the fallout of the Ukraine war and the economic sanctions against Russia. The support measures, which are being assembled by the economy ministry, will include a loan program by the KfW state-owned bank as well as direct financial aid, according to a person involved in the ...