Bloomberg Violent demonstrations broke out in Rotterdam over the Netherlands’ virus restrictions, with the police firing warning shots and deploying a water canon to push back the crowd. The police said in a statement that two people were injured “related to the fired shots” but said details of the injuries were unclear. Tweets showed at least one car on fire ...

Bloomberg The cost of servicing UK government debt more than tripled in October from a year earlier due to surging inflation, leaving the budget deficit higher than economists forecast. Interest costs were 5.6 billion pounds ($7.6 billion) compared with 1.8 billion pounds in the same month in 2020, the Office for National Statistics (ONS) said. In the first seven months ...

Bloomberg The International Monetary Fund’s (IMF) executive board approved a $50 billion credit line for Mexico, reducing the amount it extended in previous years as it argues that the nation’s economic prospects have improved. The two-year flexible credit line, which is designed for crisis prevention, is Mexico’s ninth such consecutive agreement, and is about 20% less than the amount approved ...

Bloomberg Finland needs more steps to boost jobs and cut spending to stop public debt growth in the medium term, the International Monetary Fund (IMF) said, after concluding a health check on the Nordic country’s economy. The government’s planned employment measures are “unlikely to produce sufficient fiscal gains” to halt debt growth mid-decade given its pre-pandemic decision to expand the ...

Bloomberg Global talks on how to clean up shipping are set to begin on Monday as momentum builds to cut pollution from the sector. The International Maritime Organisation (IM)) is under pressure to do something,” said Edmund Hughes, who was previously responsible for greenhouse gas emissions at the United Nations body, which is shipping’s global regulator and the host of ...

Bloomberg Canadian retail sales rebounded in October after slipping a month earlier, a sign of robust consumer spending. Retailers sold 1.0% more goods in October, according to preliminary estimates released Friday by Statistics Canada. That more than offset a 0.6% drop in September, a month hampered by supply chain bottlenecks. The decline in September was smaller than the 1.9% contraction ...

Bloomberg BMW AG’s Chief Financial Officer Nicolas Peter expects full-year earnings near the upper end of the company’s guidance as higher vehicle prices offset production outages stemming from the dearth of chips. BMW’s returns from automaking will likely be at the higher end of the 9.5% to 10.5% of sales the company projected in September, the CFO said. While BMW ...

Bloomberg While many other technology giants embrace the metaverse as the next frontier of growth, Sundar Pichai sees Google’s future in its oldest offering: internet search. “I feel fortunate our mission is timeless,” Pichai, who is chief executive officer of Google and its parent, Alphabet Inc, said in an interview with Bloomberg Television’s Emily Chang for the Bloomberg New Economy ...

Bloomberg Microsoft Corp has turned on a series of data centers at three sites in Sweden that run entirely on green energy through a partnership with state-owned utility Vattenfall AB. The Swedish computer halls, covering a total area of nearly 900 acres, are the latest in the company’s expansion to meet the huge appetite from businesses for secure cloud services. ...

Bloomberg Audi is exploring deals with British sports car-maker McLaren Group as the German manufacturer looks for ways to enter Formula 1 racing and promote its electric-car technology. The manufacturer plans to study the financials of McLaren in the coming weeks to help decide on potential transactions, according to people familiar with the matter. Volkswagen AG’s premium brand previously floated ...