Bloomberg Banco de Sabadell SA is pulling out of a credit facility for Trafigura Group, highlighting the growing nervousness about the commodity trading sector as soaring prices create a liquidity squeeze. While the Spanish bank is just one out of more than 100 institutions that fund Trafigura and is not a major lender to the trading house, its move …

  Bloomberg It’s rare to have someone who owns a whole car club tells us he’s jealous of the vehicle people are driving. Otto Car Club’s Eli Kogan has access to Paganis, Lamborghinis, Ferraris, and McLarens galore. But seeing people behind the wheel of a 2022 Porsche 718 Cayman GT4 RS made him green with envy, he told people. The …

  OAKLAND / WAM Google announced its latest plans for using smartphones to monitor health, saying it would test whether capturing heart sounds and eyeball images could help people identify issues from home, Reuters reported. The company, a unit of Alphabet Inc, is investigating whether the smartphone’s built-in microphone can detect heartbeats and murmurs when placed over the chest, head …

  Bloomberg Tech giants face sweeping changes to how they operate in the European Union after the bloc hammered out a deal on a new law that paves the way for multibillion euro fines and acquisition bans for the worst transgressors. The new Digital Markets Act, agreed on by negotiators in Brussels, targets so-called gatekeeper companies — platforms like Facebook …

Bloomberg Spotify Technology SA is halting its free, ad-supported service in Russia after evaluating the risks of keeping it going amid a government crackdown on news providers. The latest move follows an earlier decision to pause its paid service in the country. “Spotify has continued to believe that it’s critically important to try to keep our service operational in Russia …

Bloomberg Germany plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by mid-2024, a hugely ambitious plan that poses complex logistical hurdles for Europe’s biggest economy. As Economy and Climate Minister Robert Habeck unveiled the plan, he once again made clear that Germany will not back an immediate embargo on Russian …

  Bloomberg Contemporary Amperex Technology Co Ltd (CATL), the world’s biggest manufacturer of electric-vehicle batteries, is scouting sites for a new $5 billion battery plant in North America. It’s considering locations in Mexico, Canada, and the US for an 80 gigawatt-hour plant that would supply Tesla and other EV makers, according to people familiar with the project. The conventional wisdom …

  Bloomberg Chevron Corp’s oil production venture in Kazakhstan — which operates the country’s largest field — is curbing output due to issues at a supply link on the Black Sea. “Due to unscheduled repair works at the Caspian Pipeline Consortium’s marine terminal, Tengizchevroil is adjusting its production accordingly,” the company, also known as TCO, said. TCO declined to comment …

  Bloomberg At least one piece of the Boeing Co 737-800 that crashed in China appears to have broken loose well before impact, a finding that adds mystery to the plane’s fatal dive. The piece suspected to have come from the China Eastern Airlines Corp Ltd jet was found about 10 kilometres (6 miles) from the main wreckage area, Chinese …

  Bloomberg India is expecting local air passenger traffic will surpass the pre-pandemic level within a year as fliers return, emboldened by a steep fall in new Covid-19 infections. “I am very confident in the days to come, in the months to come, within the next year, we will surpass the pre-Covid level” of 415,000 daily passengers, India Civil Aviation …