Bloomberg Danske Bank A/S has cut 60 jobs as part of plans to reduce costs and operate with a smaller labour force. The cuts were made across the organization in January, Karsten Breum, head of human resources at the Copenhagen-based bank, said in an emailed statement. Denmark’s largest bank, which is due to publish 2021 earnings on Thursday, currently employs …

  Bloomberg The Czech central bank raised borrowing costs to the highest level in the European Union, (EU) delivering what’s probably its last large increase and outlining a relatively dovish outlook for the rest of the year. The koruna weakened. Policy makers raised the benchmark rate to 4.5% from 3.75%, as predicted by a majority of economists in a Bloomberg …

  Bloomberg Audi is considering investments in clean energy for sites in China where the luxury car-maker is struggling to source enough power from renewable sources to churn out hundreds of thousands of vehicles each year. Volkswagen AG’s key earnings contributor has pledged to make its production network carbon-neutral by 2025, and has already moved plants in Belgium and Hungary …

  Bloomberg Sony Group Corp will continue producing PlayStation 4 consoles throughout 2022 as it navigates disruptions to the global supply chain that limited output of its pricier PlayStation 5. The Japanese conglomerate, whose flagship PS5 console has been in scarce supply since its debut in November 2020, told assembly partners that it would continue making its earlier-generation machine through …

  Bloomberg Toshiba Corp will build a new 300-millimeter wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced. Construction of the new facility in Ishikawa Prefecture in western Japan will take place in two phases, the company said. When the first phase is fully operational, Toshiba’s power semiconductor capacity …

  Bloomberg Ford Motor Co moved to second place in US electric-vehicle sales, behind Tesla Inc. and overtaking General Motors Co., whose Chevrolet Bolt EV has been hobbled by a recall. Ford’s performance was buoyed by the Mustang Mach-E, which notched 27,140 sales in 2021, its first full year on the market, according to a statement. The automaker is tripling …

  Bloomberg Oil has rocketed to a fresh seven-year high near $93 a barrel, and almost every indicator is pointing to the rally extending. The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap hits the US and …

  Bloomberg Chancellor Rishi Sunak announced a raft of measures as the UK government sought to get a grip on a burgeoning cost-of-living crisis, with millions of Britons facing record increases in their energy bills. “The government is going to step in to directly help people manage those extra costs,” Sunak said in the House of Commons, saying his intervention …

  Bloomberg President Joe Biden is set to extend tariffs on imported solar equipment but leave in place a critical exemption, a senior administration official said, attempting a middle-ground approach intended to boost domestic manufacturing as well as US renewable energy deployment. The tariffs had been scheduled to expire in early February and will now run for another four years, …

  Bloomberg European oil majors are erasing their pandemic slump as tensions between Russia and the West drive Brent crude above $92 a barrel. The Stoxx Europe 600 energy sub-index is outperforming all other sectors on Friday as crude heads for its seventh week of gains. Shell Plc, BP Plc and TotalEnergies SE led the rally, and the companies have …