Bloomberg General Motors shares jumped after company said it expects to be reimbursed for battery recall costs from its supplier and sees a “more stable year” for chip supply in 2022. GM is in talks with battery supplier LG Chem over the costs of its Bolt electric vehicle battery recall, which has resulted in a $1.8 billion charge. The company …

Bloomberg Global debt loads surged during the second quarter as households seized on low mortgage rates and governments continued borrowing heavily to revive pandemic-battered economies. The amount of the world’s outstanding debt swelled during the three months by about $4.8 trillion to a record $296 trillion, according to a report by the Institute of International Finance. The increase was led …

Bloomberg India’s government is seeking a valuation of between 8 trillion rupees ($109 billion) to 10 trillion rupees for Life Insurance Corporation (LIC), in what’s slated to be the nation’s biggest initial public offering (IPO). The possible valuation is based on preliminary talks and may change after detailed discussions, due diligence and an official valuation report. The government is considering …