Bloomberg The European Union (EU), set to become one of the largest issuers of green and sustainable bonds, will sell debt for the first time in 2021 off the back of record-breaking demand last year. The bloc will likely issue 14 billion euros ($17 billion) of seven-year and 30-year social bonds for a job support program in the coming week. ...

Bloomberg Instacart is cutting about 1,900 employees’ jobs, including 10 workers who formed a union, as the company seeks to boost its ranks of contract workers. The grocery delivery company already classifies most of its workers as independent contractors, whose numbers have ballooned to more than 500,000 during the coronavirus pandemic. But starting in 2015, the company hired a small ...

Bloomberg Volkswagen AG said a robust sales recovery toward the end of the year helped cushion annual results from the effects of the pandemic. Operating profit before one-time items related to VW’s diesel-emissions scandal falls to about 10 billion euros ($12.2 billion) last year, VW said in a statement, from 19.3 billion euros in 2019. Automotive net cash flow shrunk ...