Bloomberg President Joe Biden’s administration is planning to impose new export controls and a fresh round of sanctions on Russia, targeting key industries a year after Vladimir Putin started his invasion of Ukraine. The measures will target Russia’s defense and energy sectors, financial institutions and several individuals, according to people familiar with the matter who spoke on condition of ...

  Bloomberg South Africa’s government and state-owned companies will find it harder to borrow money, while banking and asset-management fees may increase if the country is added to a global watchdog’s list of nations with shortcomings in tackling illicit financial flows. The Financial Action Task Force, which polices compliance with anti-money laundering and terror-financing measures, will decide whether to include ...

  Bloomberg Crypto giant Binance Holdings Ltd is considering ending relationships with US business partners as regulators turn up the heat. The company, which operates the world’s largest crypto exchange, is weighing the retreat after its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, according to a person familiar with the ...

  Bloomberg China plans to adopt more differentiated risk weighting measures to limit banks’ lending to toxic investments that are exposed to higher default threats, including those to problematic house developers. The China Banking and Insurance Regulatory Commission proposed to align its banking prudential regulations to global standards in a draft amendment, and said it would classify all its commercial ...

  Bloomberg As recently as 10 years ago, touch screens in cars were tiny — if they were there at all. Most were grudgingly added by automakers in anticipation of a US mandate on backup cameras, or an early response to Elon Musk, who dropped a 17-inch monitor into a Tesla in 2012. Destinations were largely DIY, mapped on a ...

  Bloomberg Instagram is rolling out a new feature called broadcast channels that lets users send text or photo updates directly to followers, the latest attempt by the Meta Platforms Inc. division to fine-tune the service. Meta Chief Executive Officer Mark Zuckerberg announced the news on his Instagram account by creating a channel of his own. The idea is to ...

  Bloomberg The US Supreme Court is poised to hear a case that could spell danger for the internet’s most lucrative business: online advertising. The case, Gonzalez v. Google, will be argued on Tuesday and centers on whether internet companies are liable for the content their algorithms recommend to users. The tech industry says it’s protected by a legal shield ...

  Bloomberg Tesla Inc. is recalling hundreds of thousands of vehicles after US authorities said its automated-driving technology could increase the risk of a crash. The automaker’s so-called Full Self-Driving Beta system “may allow the vehicle to act unsafe around intersections,” including travelling straight through from a turn lane and proceeding through steady-yellow traffic lights, according to a filing with ...

Abu Dhabi / WAM For the past 12 days, the UAE has been providing assistance to the victims of the earthquakes in Türkiye and Syria as part of the ‘Gallant Knight/2’ operation. To date, 97 cargo planes have been sent to both countries, with 58 flights carrying 1918 tonnes of relief materials to Syria, and 39 flights carrying 706 tonnes ...

  Abu Dhabi / WAM Adnoc has announced its intention to float a 4% minority stake in Adnoc Gas, its world-class gas processing, operations and marketing company, on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on February 23, subject to regulatory approvals and other relevant considerations. Adnoc Gas (the company), formed in January 2023 through ...