Bloomberg UBS Group AG will allow some of its US employees to work remotely full-time, offering flexibility to staff as it seeks to lure and retain talent. The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit, Tom Naratil, president of UBS …

  Bloomberg Barclays Plc plans to step up its financing of renewable energy as Russia’s war on Ukraine adds to the urgency of moving away from fossil fuels. “The appalling invasion of Ukraine has made it even more imperative to accelerate the energy transition,” Barclays Chairman Nigel Higgins said. Barclays expects that recent events will boost “demand for investment in …

  Bloomberg Banco de Sabadell SA is pulling out of a credit facility for Trafigura Group, highlighting the growing nervousness about the commodity trading sector as soaring prices create a liquidity squeeze. While the Spanish bank is just one out of more than 100 institutions that fund Trafigura and is not a major lender to the trading house, its move …

  Bloomberg It’s rare to have someone who owns a whole car club tells us he’s jealous of the vehicle people are driving. Otto Car Club’s Eli Kogan has access to Paganis, Lamborghinis, Ferraris, and McLarens galore. But seeing people behind the wheel of a 2022 Porsche 718 Cayman GT4 RS made him green with envy, he told people. The …

  OAKLAND / WAM Google announced its latest plans for using smartphones to monitor health, saying it would test whether capturing heart sounds and eyeball images could help people identify issues from home, Reuters reported. The company, a unit of Alphabet Inc, is investigating whether the smartphone’s built-in microphone can detect heartbeats and murmurs when placed over the chest, head …

  Bloomberg Tech giants face sweeping changes to how they operate in the European Union after the bloc hammered out a deal on a new law that paves the way for multibillion euro fines and acquisition bans for the worst transgressors. The new Digital Markets Act, agreed on by negotiators in Brussels, targets so-called gatekeeper companies — platforms like Facebook …

Bloomberg Spotify Technology SA is halting its free, ad-supported service in Russia after evaluating the risks of keeping it going amid a government crackdown on news providers. The latest move follows an earlier decision to pause its paid service in the country. “Spotify has continued to believe that it’s critically important to try to keep our service operational in Russia …

Bloomberg Germany plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by mid-2024, a hugely ambitious plan that poses complex logistical hurdles for Europe’s biggest economy. As Economy and Climate Minister Robert Habeck unveiled the plan, he once again made clear that Germany will not back an immediate embargo on Russian …

  Bloomberg Contemporary Amperex Technology Co Ltd (CATL), the world’s biggest manufacturer of electric-vehicle batteries, is scouting sites for a new $5 billion battery plant in North America. It’s considering locations in Mexico, Canada, and the US for an 80 gigawatt-hour plant that would supply Tesla and other EV makers, according to people familiar with the project. The conventional wisdom …

  Bloomberg Chevron Corp’s oil production venture in Kazakhstan — which operates the country’s largest field — is curbing output due to issues at a supply link on the Black Sea. “Due to unscheduled repair works at the Caspian Pipeline Consortium’s marine terminal, Tengizchevroil is adjusting its production accordingly,” the company, also known as TCO, said. TCO declined to comment …