Bloomberg US government incentives to promote investments into nascent technologies such as green hydrogen will have a “healthy” impact, even as they risk distorting the trade in electric cars between Europe and the US, Bill Gates said. Speaking in a podcast interview with the head of Norway’s $1.3 trillion sovereign wealth fund, Nicolai Tangen, Gates extolled government policies for ...

  Bloomberg Denmark’s industrial workers reached a new pay deal with employers to offset falling purchasing power in the first of a string of wage agreements expected in the coming months. The deal, which covers 230,000 workers, is expected to set the tone for talks in other industries under the Danish model where employers and unions agree on work conditions ...

  Bloomberg The biggest challenge to Japanese fashion giant Uniqlo’s plan to take on the US? Getting more Americans to know who they are. The apparel maker, known for its affordable cashmere sweaters and solid basics, wants to go big in one of the world’s toughest consumer markets. Although Uniqlo is a fixture in shopping streets of New York and ...

  Bloomberg US President Joe Biden made a surprise visit to Kyiv and met with his Ukrainian counterpart Volodymyr Zelenskiy, declaring “unwavering support” in a dramatic show of solidarity as Russia’s invasion nears the one-year mark. Biden, who was originally slated to visit neighboring Poland this week, appeared in the Ukrainian capital at 8 a.m. on Monday as police sealed ...

  Bloomberg China laid out a fresh laundry list of problems it has with how the US uses its power, underscoring how tensions between the two nations have worsened over issues from the alleged spy balloon dispute to Russia’s war in Ukraine. The official Xinhua News Agency published a 4,000-word article on Monday titled “US Hegemony and Its Perils” that ...

  Bloomberg North Korea fired a barrage of suspected ballistic missiles and issued a warning to the US over joint military exercises, less than two days after Pyongyang launched a long-range rocket designed to hit the American mainland. South Korea’s Joint Chief of Staff said North Korea fired two short-range ballistic missiles between 7 and 7:11 a.m. on Monday from ...

Bloomberg Chinese lenders followed the central bank by keeping their benchmark lending rates unchanged on Monday, with analysts expecting possible reductions in coming months to support the economic recovery. The one-year loan prime rate was held at 3.65% for a sixth consecutive month, in line with the forecasts from all 13 economists surveyed by Bloomberg. The five-year rate, a reference ...

  Bloomberg Standard Chartered Plc plans to hire 300 to 500 staff in Hong Kong this year, in anticipation of an increase in wealth management and lending as the city reopened its borders to mainland China. The lender expects “double-digit” growth in wealth management income and “single-digit” loan growth, according to a spokeswoman. The lender’s headcount in Hong Kong has ...

Bloomberg Bofa Securities Inc. is predicting more gains for the Indian rupee in the near term, joining Citigroup Inc., as the narrowest trade deficit in a year augurs well for the nation’s external finances. “The recent correction in rupee valuation and near-term improvement in current-account and capital flows tilt the risk-reward in favour of rupee appreciation,” Abhay Gupta, a strategist ...

  Bloomberg One of India’s biggest state-backed lenders is willing to consider lending additional money to the beleaguered Adani group including for a project to remodel a slum that is among the world’s largest. Bank of Baroda will extend loans to the conglomerate if it meets the lender’s underwriting standards, said Sanjiv Chadha, chief executive officer and managing director, adding ...