BLOOMBERG The UK opposition Labour Party faces the prospect of regaining power against a backdrop of record high debt, but that won’t stop it from spending to invest in policy priorities, said shadow Chancellor Rachel Reeves. “All of our policies are subject to our fiscal rules, which means paying for day-to-day spending through tax receipts and getting debt down as …

BLOOMBERG The world may have been shocked by images of burning cars and buildings during riots in France this month, but for French business leaders gathered in Aix-en-Provence, it’s overblown. Many of the attendees of a gathering in Aix that’s often dubbed the “French Davos” insisted on the resilience of the nation’s economy — even as they conceded that some …

BLOOMBERG Electric vehicle (EV) sales growth, while still brisk, has begun to slow in the US as inventory of battery-powered models piles up on dealer lots. Sales of plug-in models grew by nearly 50% in the first half of the year, according to data from researcher Motor Intelligence. That’s less than the 65% growth rate for all of 2022 and …