Bloomberg A retired general who has pledged unwavering support for Ukraine won the first round of the Czech presidential election, advancing to the run-off against a billionaire ex-premier known for spats with the European Union. Petr Pavel, the former top general in Nato, won by a razor-thin margin with 35.4% of the vote, according to results by the Statistics ...

  Bloomberg Brazilian authorities are increasing the pressure on Jair Bolsonaro with a probe into the former president’s role in riots that upended the nation’s capital on Jan. 8 and the arrest of his Justice Minister Anderson Torres by federal police. Torres was arrested on Saturday after arriving in Brasilia following a vacation in the US. The former minister, whose ...

  Bloomberg Wells Fargo & Co. posted higher-than-expected fourth-quarter expenses, even after the firm warned of a hefty loss tied to a regulatory sanction last month. The firm spent $16.2 billion in the last three months of 2022, according to a statement, exceeding analyst estimates. That included $3.3 billion in operating losses after Wells Fargo said last month it would ...

  Bloomberg Credit Suisse is planning to cut more than 10% of its European investment bankers this year, adding to hundreds of job losses in London and Zurich, the Financial Times newspaper reported. The bank has been reducing headcount across its divisions after announcing plans to reduce 9,000 roles globally by 2025 last year. The further cuts come after the ...

  Bloomberg Bangladesh’s central bank raised the benchmark rate by 25 basis points to contain inflation that’s hovering near the highest level in a decade. The benchmark repurchase rate was increased to 6% from 5.75% effective from Monday, Bangladesh Bank said in a statement on Sunday. The reverse repo rate will climb to 4.25%, it said. The central bank said ...

  Bloomberg Apple Inc is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance on technology partners like Samsung and LG and bring more components in-house. The company aims to begin by swapping out the display in the highest-end Apple Watches by the end of next year, according ...

  Bloomberg India’s oldest conglomerate, Tata Group, is planning to set up electric vehicle cell-manufacturing operations in Europe as it tries to accelerate its British marque unit’s shift to battery-powered cars. Jaguar Land Rover (JLR) and Tata Motors will be the anchor customers for the facility, which will also sell battery cells to the wider market, Tata Motors Chief Financial ...

  Bloomberg Intel Corp released chips with its delayed server design that are key to regaining control of one of the most lucrative markets in computing. Xeon processors based on the new Sapphire Rapids design are already in cloud-computing systems run by Alphabet Inc.’s Google and Amazon.com Inc.’s Amazon Web Services and are going on general sale in machines offered ...

Bloomberg Another veteran executive is leaving Amazon.com Inc.’s video game division, which has struggled to produce big hits since it launched a decade ago. John Smedley, who has three decades of experience in the industry and ran Amazon Game Studios office in San Diego for six years, told staff that he’s stepping aside. Smedley joined Amazon in 2017 and worked ...

  Dubai / WAM The Rashid Rover has successfully completed one month in space, travelling close to 1.34 million kilometers, the Mohammed Bin Rashid Space Centre (MBRSC) announced. The first Arab-built lunar rover designed and built in the UAE by a 100 percent Emirati team of engineers, experts, and researchers, lifted off on December 11, 2022 from Cape Canaveral Space ...