Bloomberg Canada’s 10-year yield rises to the highest since 2018 as a top Bank of Canada official said household finances are in good shape and that monetary policymakers are prepared to “act forcefully” to quell inflation. Deputy Governor Sharon Kozicki reiterated the central bank’s “unwavering commitment” to wrestle inflation back to the 2% target and said more aggressive action ...

  Bloomberg Credit Suisse Group AG shareholders are pushing to exclude a vote at its annual general meeting that would let the directors and the executives off the hook for legal responsibility over the Greensill Capital scandal, the Financial Times has reported, citing people with knowledge of the discussions. Investors have expressed concerns to new chairman Axel Lehmann about the ...

  Bloomberg UBS Group AG will allow some of its US employees to work remotely full-time, offering flexibility to staff as it seeks to lure and retain talent. The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit, Tom Naratil, president of UBS ...

  Bloomberg Barclays Plc plans to step up its financing of renewable energy as Russia’s war on Ukraine adds to the urgency of moving away from fossil fuels. “The appalling invasion of Ukraine has made it even more imperative to accelerate the energy transition,” Barclays Chairman Nigel Higgins said. Barclays expects that recent events will boost “demand for investment in ...

  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 ...

Abu Dhabi / WAM Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), has congratulated the UAE on doubling the amount of zero-carbon electricity produced at the Barakah Nuclear Power Plant with the start of commercial operations from Unit 2. In a statement on this occasion, he said, “The UAE has provided an example to nuclear newcomers ...