Bloomberg Enel SpA has extended an exclusivity period for talks with Greece’s Public Power Corporation S.A. on the potential sale of its Romanian operations until the end of February. PPC entered an exclusivity agreement with the Italian utility in December in relation to the potential acquisition of the entire equity stakes held by Enel in Romania. The parties “will ...

  Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

Bloomberg Emmanuel Macron’s government may offer another concession on plans to raise France’s retirement age from 62 to 64, seeking to secure a parliamentary majority amid a massive public backlash. The government is considering another carve-out so more people can retire before they turn 64, Macron’s Prime Minister Elisabeth Borne said in an interview with the JDD newspaper on Sunday. ...

  Bloomberg Joe Biden’s clean technology law has dragged the European Union into a subsidy fight that may trigger a transatlantic trade war, just as the allies are joining forces against Russia’s invasion of Ukraine. The EU has always defended the global rules-based order, even as the US has grown increasingly hostile toward the constraints it adopted as a member ...

  Bloomberg Life sciences company Danaher Corp. has expressed takeover interest in contract manufacturer Catalent Inc., according to people familiar with the matter. The overtures by Danaher in recent months valued Catalent at a significant premium, the people said, asking not to be identified because the matter is private. It’s unclear how Catalent will proceed or whether it’s receptive to ...

  Bloomberg British billionaire Mike Ashley is in advanced talks to buy two UK shopping malls valued at a combined £100 million, The Times newspaper reported. Ashley’s Frasers Group Plc is lining up bids for The Mall in Luton — a town just north of London — and the Overgate Shopping Centre in Dundee, Scotland. The deals would value the ...

Bloomberg The US shot down an alleged Chinese surveillance balloon off the South Carolina coast on Saturday, injecting new tension into relations with Beijing which called the move an overreaction. President Joe Biden said he ordered the Pentagon on Wednesday to down the balloon as soon as possible “without doing damage to anyone on the ground.” The military decided the ...

  Bloomberg India’s main opposition party ramped up the pressure on Prime Minister Narendra Modi over his silence on the Adani turmoil and planned a nationwide protest on Monday to highlight the risk to small investors. “What action has been taken, if ever, to investigate the serious allegations made over the years against the Adani Group?” Jairam Ramesh, general secretary ...

  Bloomberg Pervez Musharraf, the former four-star Pakistani army general who governed the South Asian nation for nearly a decade after coming to power in a 1999 bloodless coup, has died. He was 79. He died after a long ailment in Dubai, said Raza Bokhari, a former spokesman and close aide. Musharraf, who was Pakistan’s fourth military leader, was a ...

  Bloomberg Ukraine’s government expects Russia’s new offensive to start this month, defense minister Oleksii Reznikov said at a press briefing in Kyiv. The one-year mark of Moscow’s invasion of its neighbor will be Feb. 24. Reznikov said the main directions of Russia’s attack are likely to be from the east and south. He discounted the possibility of an invasion ...