Bloomberg Huawei Technologies Co has secured an extension to a patent licensing deal with Nokia Oyj, suggesting the Chinese company continues to lead in networking technology despite years of punishing US sanctions. The announcement indicates appetite for access to Huawei’s next-generation telecom patents remains strong, despite US accusations the Chinese giant poses a threat to national security. Huawei is …

Bloomberg Stellantis plans to buy a stake in hydrogen company owned by tire-maker Michelin and car-parts supplier Faurecia SE as the automaker tries to bolster its low-emissions offerings. The maker of Fiat and Jeep vehicles will take a “substantial” stake in the Symbio business, with closing of the transaction expected for the first half of 2023, Stellantis said. “This move …

  Bloomberg Oil rises, heading for second weekly gain, as Russia said it may cut crude production in response to the price cap imposed by the Group of Seven on its exports, highlighting risks to global supplies in the New Year. West Texas Intermediate climbed to $79 a barrel, putting it on course for a gain of about 6% for …

Bloomberg A massive, once-in-a-decade winter storm is battering the US with blizzard conditions and life-threatening temperatures, while causing mayhem for travellers across the country at the peak of the holiday season. As of Friday, more than 200 million people — around 60% of the nation’s population — were under some form of winter weather warning or advisory, according to the …

Bloomberg Deutsche Lufthansa AG’s plans to retroactively pay out manager bonuses contravene agreements made with the government as part of the airline’s rescue package, according to Chancellor Olaf Scholz’s chief spokesman. The state stepped in during 2020 to rescue Lufthansa after pandemic-related restrictions all but grounded air travel. While the airline repaid its 9 billion-euro ($9.6 billion) bailout ahead of …

Bloomberg British consumers have cut back on Christmas gift-giving after the tightest cost-of-living squeeze in memory reduced disposable income, official figures showed. Six in 10 adults in the UK surveyed said they were planning on cutting spending in the holiday period by buying fewer and less expensive presents and eating out less, the Office for National Statistics (ONS) said. Household …

Bloomberg China plans to cut quarantine requirements for overseas travelers in January, according to people familiar with the matter, as the country dismantles the last vestiges of its Covid Zero policy. Officials are considering a “0+3” policy, where the requirement to spend time in a quarantine hotel or isolation facility would be scrapped, and arrivals into the country instead subject …

  Bloomberg Nestle SA Chief Financial Officer Francois-Xavier Roger foresees a challenging six months before inflation starts to ease in the second half of 2023. “We are likely going to go into a recession — we know that the next six months are probably going to be complicated and difficult,” the executive at the maker of Nescafé and KitKat said …

Bloomberg Britain’s wind farms generated a record amount of electricity this year as gusty weather and a growing fleet of turbines softened the impact of soaring natural gas prices. Wind power will be a critical factor in how well Europe manages an energy crisis that’s already cost more than $1 trillion. Higher wind speeds will ease the need to burn …

Bloomberg Fortescue Future Industries (FFI), one of the leading proponents of hydrogen, is exploring a more efficient way to ship the zero-emissions fuel overseas by using “green methane.” Green methane — essentially synthetic natural gas made using renewable energy — is a promising technology that would avoid the costs and technical difficulties of liquefying pure hydrogen, according to Mark Hutchinson, …