Bloomberg NRG Energy Inc agreed to buy Vivint Smart Home Inc for $2.8 billion to accelerate the US power producer’s strategy of diversifying from its core electricity-generation business by focusing on retail consumers. Vivint, based in Provo, Utah, sells smart thermostats, locks, lights and other household devices. NRG said on Tuesday it will pay $12 a share in cash ...

Bloomberg A third Russian airfield came under drone attack on Tuesday after Moscow accused Ukraine of carrying out strikes against two bases used by its long-range bombers, the deepest retaliation on its territory since President Vladimir Putin ordered the invasion. An oil storage tank caught fire after the drone strike at a Kursk region airfield, state-run Tass news service reported, ...

  Bloomberg European Union (EU) leaders may grant Bosnia-Herzegovina official candidacy status as early as December 15’s summit in Brussels, according to people familiar with the plan. The move, the next step on the long path towards membership which would require approval of all 27 EU member states, would be a major boost for Bosnia. It’s still grappling with the ...

Bloomberg The European Union’s standoff with Hungary deepened as a dispute over the fate of $14 billion of funding for Budapest scuppered attempts to push through crucial aid for Ukraine and a global minimum corporate tax. Hungarian Finance Minister Mihaly Varga said at a meeting with EU counterparts in Brussels that his country would veto the €18 billion ($18.9 billion) ...

Bloomberg French President Emmanuel Macron’s government was expected to outline changes to immigration laws, testing whether it can navigate divisions among political factions that have been accentuated by a spat with Italy over a migrant boat. Prime Minister Elisabeth Borne will present plans to the National Assembly that would overhaul the asylum system, giving more undocumented workers legal status while ...

  Bloomberg Donations to the UK Conservatives sank to their lowest in more than two years in the third quarter, when the ruling party was riven by infighting which led to the ouster of former Prime Minister Boris Johnson. Rishi Sunak’s party received almost £3 million ($3.7 million) in donations in the three months through September, a 45% drop on ...

  Bloomberg Australia’s central bank raised its key interest rate for an eighth consecutive month and said it expects to tighten further as policy makers combat the hottest inflation in three decades. The Reserve Bank increased its cash rate by a quarter-percentage point to 3.1%, the highest level since November 2012, at its final meeting of 2022. The widely anticipated ...

  Bloomberg Argentina’s Ualá, the fintech company backed by George Soros, Steve Cohen and Tencent Holdings, will begin offering loans for its clients in Mexico through its alliance with Mexican bank ABC Capital. The service will be offered through ABC and allow for loans of up to 20,000 mexican pesos ($1,011) between 12 and 36 months, according to Ualá chief ...

Bloomberg Tycoon German Larrea’s conglomerate Grupo Mexico SAB is in advanced talks on a potential acquisition of Citigroup Inc’s Mexican retail bank Banamex, people with knowledge of the matter said. The mining magnate is trying to finalise terms of a potential deal with Citigroup, the people said, asking not to be identified because the information is private. No final agreements ...

Bloomberg The US dollar has erased more than half of this year’s gains amid growing expectations the Federal Reserve will temper its aggressive rate hikes, and as optimism grows over China’s reopening plans. The Bloomberg Dollar Spot Index has pared its 2022 advance to about 7%, after gaining as much as 16% earlier, as slower-than-expected gains in consumer prices and ...