Bloomberg Ericsson AB Chief Executive Officer Borje Ekholm welcomed one of his company’s staunchest critics, activist investor Cevian Capital AB, which is seeking a seat on the 10-person board. Cevian, which first invested in the Swedish telecommunications networks maker in 2017 and now has a stake of about 5%, is looking to name a director to the board at an ...

  Bloomberg The cost-of-living crisis is driving demand for Britain’s student halls, as undergraduates hunt for tenancy agreements that lock in the price of their bills. Some £6.9 billion was invested in purpose-built student accommodation in 2022, a 62% year-on-year rise, according to broker Knight Frank. What’s more, £3.8 billion was spent in the final quarter, boosted by the £3.3 ...

  Bloomberg The top US and China economic officials held their first face-to-face meeting Wednesday, pledging to improve communication as a way to avoid more serious confrontation during a period of heightened tensions. “We share a responsibility to show that China and the United States can manage our differences and prevent competition from becoming anything ever near conflict,” US Treasury ...

  Bloomberg Ukraine’s interior minister and at least 17 others were killed when a helicopter crashed near a kindergarten and a multistory apartment building just east of Kyiv, according to police. The emergency services aircraft went down in the town of Brovary, an eastern suburb of the capital, Ihor Klymenko, the national police chief, said on Facebook Wednesday. The fatalities ...

  Bloomberg Poland is working to convince European allies to send as many as 100 battle tanks to support Ukraine’s defense efforts against the Russian invasion, Prime Minister Mateusz Morawiecki said. German Chancellor Olaf Scholz said Tuesday that he’s in talks with allies over potentially supplying German-made heavy Leopard tanks to Ukraine, but cautioned that any announcements would have to ...

Bloomberg Serbia, traditionally one of Russia’s closest allies in Europe, is trying to put some distance between itself and Moscow as the war in Ukraine strains ties between the two countries and their leaders. In an interview in Belgrade, President Aleksandar Vucic dismissed territorial claims in Ukraine by Vladimir Putin and predicted the “worst is yet to come” for the ...

Bloomberg Turkish Foreign Minister Mevlut Cavusoglu applied fresh pressure on Sweden to make concessions as he traveled to the US for talks on the sale of F-16 fighter jets, which may depend on Turkey’s ratification of the Nato expansion. Cavusoglu is expected to meet his US counterpart Antony Blinken in Washington later Wednesday to discuss the aircraft sale as well ...

  Bloomberg An unchanged decision from the Bank of Japan (BOJ) gave global investors a modest jolt Wednesday, leaving the bigger shock of a future policy shift hanging over markets from the yen to Treasuries. Standing pat caught some traders by surprise but is unlikely to douse speculation that the BOJ will normalize policy as inflation in Japan accelerates and ...

Bloomberg Morgan Stanley and Bank of America Corp (BofA) were the first of the big six Wall Street banks to announce bond sales, combining to sell $9 billion of new bonds, as the market gears up for the usual deluge of debt from the US lenders following their respective earnings reports. Morgan Stanley sold $6 billion of new debt in ...

Bloomberg Bank of Montreal (BMO) has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest US lender. After the transaction, Bank of Montreal US subsidiary BMO Financial Corp. will have consolidated assets of $286.8 billion, representing about 1% of those held by insured depository institutions in the US, ...