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  Bloomberg Selling is picking up again in the priciest corner of the US stock market — that of fast growth technology shares — as investors whipsaw between seeking higher returns and safety. The Nasdaq 100 Stock Index is wrapping up its worst two-day drop in nearly a month as traders that flocked to the tech sector in recent weeks …

  Bloomberg Markets are showing signs of recovery as traders stepped in after a selloff sparked by hawkish minutes from the Federal Reserve. Europe’s Stoxx 600 gained 0.4%, boosted by a rally in shares of Atlantia SpA, the billionaire Benettons’ highway and airport group. Atlantia added 10% in Italian trading after Global Infrastructure Partnersand Brookfield Asset Management Inc said they …

  Bloomberg Zimbabwe’s central bank lifted its key interest rate to a record high, to halt a decline in its currency and rein in surging inflation amid food and fuel price pressures that have been exacerbated by the war in Ukraine. The monetary policy committee (MPC) hiked the rate to 80% from 60%, Governor John Mangudya said in a statement. …

  Bloomberg Australia’s largest bank removed secrecy clauses on salaries in its contracts, just days after a similar move by its rival. Commonwealth Bank of Australia told employees they would be free to discuss their pay starting April 11 to boost pay equity, though they shouldn’t pressure co-workers to discuss the topic, the Australian Financial Review (AFR) reported. “As part …

  Bloomberg Oil held its earlier gains as the European Union (EU) was said to plan a phaseout of Russian coal imports but steer clear of sanctioning the country’s oil and gas for now. West Texas Intermediate was up 1.2% after earlier advancing as much as 2.2%. EU nations are deeply split over the next steps to take against Russia, …

Bloomberg The World Bank has lowered its growth forecasts for East Asia and the Pacific to 5% from 5.4% forecast in October, and warned growth could slow to 4% if conditions weaken further. The latest outlook reflects a hit to the region from Russia’s invasion of Ukraine, rising interest rates in the US and slowing growth in China. Ongoing supply …

Bloomberg The European Union is planning to propose a mandatory phaseout on coal imports from Russia in a direct response to reports that Russian forces committed apparent war crimes in Ukraine, according to people familiar with the matter. The action on coal would be added to a package of steps aimed at strengthening existing measures and correcting loopholes that was …

Bloomberg Poland’s plan to quickly cut down on coal as its main electricity fuel may take longer than expected as the country seeks to limit its investments in gas-fired power units. The European Union’s most coal-reliant nation intends to increase the usage of power plants fired by the dirty fuel “in short- and mid-term,” the State Assets Ministry said in …

  Bloomberg Investigators trying to figure out why a Boeing Co 737-800 plunged to the ground in China last month could gain key clues within days from the jet’s black boxes, which were sent to the US. “I’d expect within a week the investigation team would have the information,” said Neil Campbell, a retired air-safety investigator at the Australian Transport …

  Bloomberg Virgin Australia is offering a raft of discounts and extra air miles to business customers, traditionally a stronghold of Qantas Airways Ltd, as part of a longer-term bid to lock in one third of the domestic air-travel market. The Bain Capital-owned airline rolled out a loyalty program specifically targeting Australian businesses. New members can get cheaper fares, and …