Bloomberg Daimler AG’s truck unit unveiled two battery-powered models for the US market, bolstering its bid to fend off Tesla Inc., Volvo AB and Volkswagen AG in the race to electrify big rigs. The German manufacturer’s Freightliner brand revealed the eCascadia, a highway hauler that can go as far as 400 kilometres between charges. The smaller eM2, with a range …

Bloomberg An effort by the nation’s largest banks to boost their lobbying clout in Washington is leaving three industry titans on the sidelines: Goldman Sachs Group Inc, Morgan Stanley and Credit Suisse Group AG. Though the three firms were initially slated to be included in a newly merged trade association, they were blocked after some executives argued that adding more …

Bloomberg Emerging markets struggling with higher US interest rates are likely to get little sympathy from the Federal Reserve. Currencies of such nations have been hammered in a spreading selloff amid worries that their economies won’t cope with higher US borrowing costs. That’s prompted central bankers in India and Indonesia to raise interest rates and urge Fed caution. There are …