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  Bloomberg UniCredit SpA is facing a delay in the long-planned sale of a stake in the owner of a Russian bank, in a sign of the complications in store for Chief Executive Officer Andrea Orcel as he considers a wholesale retreat from the country. UniCredit in November exercised an option to sell its 10% in ABH Holdings, the owner ...

  Bloomberg France’s central bank said the war in Ukraine is already affecting the economy and creating high uncertainty that makes it tricky to forecast how much inflation will accelerate or the extent to which the recovery from the Covid pandemic will slow. Instead of publishing its regular economic projections, the Bank of France took the unprecedented step of presenting ...

  Bloomberg Mexico’s best performing stock this year, Grupo Financiero Inbursa SAB, is set to go even higher as the bank prepares to spin off its private equity business and could even make a bid for Citigroup Inc’s local assets, according to a Barclays analyst. Gilberto Garcia raised his price target for Inbursa, which belongs to Mexican billionaire Carlos Slim, ...

Bloomberg It took people 15 minutes to get out of the driveway with the 2022 McLaren 765LT Spider. And that was after the ear-splitting chaos of setting off the car alarm opening one of its winged doors because we had left the key inside the garage. The driveway meets the road with a subtle divot that belies its precarious nature. ...

  Bloomberg Google landed a submarine cable in Togo, the first nation in West Africa to introduce commercial fifth-generation mobile services. The Equiano subsea internet cable, part of Google’s $1 billion program to build digital capacity on the continent, was connected to the nation of 8 million people. The conduit will land in Nigeria, Namibia and South Africa later this ...

  Bloomberg The debut of Apple Inc’s latest iPhone brings a change to the way its US customers can purchase the device, a move toward cutting wireless carriers out of the process and giving the tech giant more control. Traditionally, when a user buys an iPhone at an Apple retail store or the company’s online store, the customer provides their ...

  Bloomberg Car sales in the European Union skidded to the lowest on record for February, as manufacturers brace for more disruption to output from supply-chain issues exacerbated by war in Ukraine. New-vehicle registrations in the EU fall 6.7% to less than 720,000 for the month, the European Automobile Manufacturers’ Association said. When including the UK and free-trade association countries, ...

  Bloomberg Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. Futures in New York were trading near $104 a barrel after jumping 8.4%. Crude has whipsawed this week on conflicting news about progress in peace negotiations between Russia and Ukraine. The International Energy Agency (IEA) said on Friday that prices ...

  Bloomberg Electricite de France (EDF) SA kicked off a deeply discounted rights offering of more than 3.1 billion euros ($3.4 billion), a stopgap measure as the state prepares to overhaul the ailing nuclear power giant. A broader reform of the debt-laden utility is planned by President Emmanuel Macron, who said some EDF assets should be nationalised. The firm, already ...

  Bloomberg Italy’s government is set to approve a new set of measures to cushion families and businesses from continuing increases in energy and fuel prices. The new aid won’t require additional borrowing for the time being, Prime Minister Mario Draghi said during a press conference in Rome. The package is set to be approved at a cabinet meeting. Financing ...