Bloomberg Finland needs more steps to boost jobs and cut spending to stop public debt growth in the medium term, the International Monetary Fund (IMF) said, after concluding a health check on the Nordic country’s economy. The government’s planned employment measures are “unlikely to produce sufficient fiscal gains” to halt debt growth mid-decade given its pre-pandemic decision to expand the ...

Bloomberg Global talks on how to clean up shipping are set to begin on Monday as momentum builds to cut pollution from the sector. The International Maritime Organisation (IM)) is under pressure to do something,” said Edmund Hughes, who was previously responsible for greenhouse gas emissions at the United Nations body, which is shipping’s global regulator and the host of ...

Bloomberg Canadian retail sales rebounded in October after slipping a month earlier, a sign of robust consumer spending. Retailers sold 1.0% more goods in October, according to preliminary estimates released Friday by Statistics Canada. That more than offset a 0.6% drop in September, a month hampered by supply chain bottlenecks. The decline in September was smaller than the 1.9% contraction ...

Bloomberg BMW AG’s Chief Financial Officer Nicolas Peter expects full-year earnings near the upper end of the company’s guidance as higher vehicle prices offset production outages stemming from the dearth of chips. BMW’s returns from automaking will likely be at the higher end of the 9.5% to 10.5% of sales the company projected in September, the CFO said. While BMW ...

Bloomberg While many other technology giants embrace the metaverse as the next frontier of growth, Sundar Pichai sees Google’s future in its oldest offering: internet search. “I feel fortunate our mission is timeless,” Pichai, who is chief executive officer of Google and its parent, Alphabet Inc, said in an interview with Bloomberg Television’s Emily Chang for the Bloomberg New Economy ...

Bloomberg Microsoft Corp has turned on a series of data centers at three sites in Sweden that run entirely on green energy through a partnership with state-owned utility Vattenfall AB. The Swedish computer halls, covering a total area of nearly 900 acres, are the latest in the company’s expansion to meet the huge appetite from businesses for secure cloud services. ...

Bloomberg Audi is exploring deals with British sports car-maker McLaren Group as the German manufacturer looks for ways to enter Formula 1 racing and promote its electric-car technology. The manufacturer plans to study the financials of McLaren in the coming weeks to help decide on potential transactions, according to people familiar with the matter. Volkswagen AG’s premium brand previously floated ...

Bloomberg After seven years of false starts, delays and management changes, Apple is going full throttle on developing an electric car. Under its new leader, Apple Watch software chief Kevin Lynch, the team behind the car project is now pushing hard to debut a product by 2025. It’s trying to build a vehicle that, without a steering wheel and pedals, ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to South African President Cyril Ramaphosa on the death of the country’s former president Frederick de Klerk. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed bin ...

DUBAI / WAM The Global Manufacturing and Industrialisation Summit (GMIS) on Wednesday announced that it will host three country-focused conferences in partnership with the United Kingdom, Australia and Italy. The summit will highlight the main drivers of development in manufacturing, encourage greater cross-border investment, foster innovation, and drive global skills development. The conferences will draw on global leaders from government ...