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Journalists wait outside as Swedish electric car battery developer and manufacturer Northvolt holds an extraordinary general meeting at the head quarters in Stockholm, Sweden, on Jan 8, 2025. Shareholders in Swedish electric car battery maker Northvolt agreed at an extraordinary general meeting to allow the financially-strained company to continue operating and avoid liquidation. (Photo by Henrik Montgomery/TT / various sources / AFP) / Sweden OUT (Photo by HENRIK MONTGOMERY/TT/TT NEWS AGENCY/AFP via Getty Images)

Northvolt to stop production at end of June without buyer

By Rafaela Lindeberg and Bloomberg

Buildings in Singapore, on Monday, May 19, 2025. Singapore is scheduled to release gross domestic product (GDP) figures on May 22. Photographer: Bryan van der Beek/Bloomberg via Getty Images

Singapore flags recession risks after strong start to 2025

By Swati Pandey and Bloomberg

Kohl's storefront

Kohl’s considers replacing headhunter that found the CEO it fired

By Lily Meier, Matthew Boyle, and others

Elon Musk on a screen

Musk commits to Tesla CEO role and plans political pullback

By Dana Hull, Mishal Husain, and others

Sebastian Siemiatkowski, chief executive officer of Klarna Holding AB, at IFGS 2022 summit at the Guildhall in London, U.K., on Monday, April 4, 2022. Innovate Finance’s summit — part of U.K. Fintech Week — aims to showcase Britain’s financial technology sector and its global ambitions. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Klarna hits 100 million users as revenue and onetime costs jump

By Aisha S Gani and Bloomberg

TOKYO, JAPAN – DECEMBER 23: Honda Motor CEO Toshihiro Mibe attends a joint press conference with Nissan Motor CEO Makoto Uchida and Mitsubishi Motors President Takao Kato on December 23, 2024, in Tokyo, Japan. Nissan and Honda announced they have begun merger negotiations, aiming to create the world’s third-largest automotive group to compete with rival EV manufacturers such as China’s BYD and the US-based Tesla. (Photo by Tomohiro Ohsumi/Getty Images)

Honda walks back EV investment, sales targets on poor demand

By Nicholas Takahashi and Bloomberg

Taiwan’s President Lai Ching-te delivers an address to mark the first anniversary of his inauguration at the Presidential Office in Taipei on May 20, 2025. Taiwanese President Lai Ching-te celebrates his first year in office on May 20 as his government grapples with Chinese military pressure, US tariff threats and domestic political turmoil. (Photo by CHENG Yu-chen / AFP) (Photo by CHENG YU-CHEN/AFP via Getty Images)

Taiwan plans wealth fund to counter China with global expansion

By Yian Lee, Betty Hou, and others

This photo taken on May 10, 2025 shows cargo ships loaded with containers at the Port of Los Angeles in California, United States. In a recent advertisement, California Governor Gavin Newsom warned the American public of the “real” and “serious” consequences of recent high tariffs, describing the situation as a “code red” economic emergency.TO GO WITH “California governor warns of ‘code red’ economic emergency due to high tariffs” (Photo by Qiu Chen/Xinhua via Getty Images)

LA Port shipments fell 30% in early May after Trump tariffs

By Laura Curtis and Bloomberg

Vice chairman of the Swiss National Bank (SNB) Martin Schlegel looks on during a general shareholders meeting of the Swiss central bank in Bern on April 28, 2023. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

SNB President Schlegel sees no alternative to US Treasuries

By Bastian Benrath-Wright and Bloomberg

people walking by wall street banks

Moody’s cuts deposit ratings at major banks after downgrading U.S.

By Dan Wilchins and Bloomberg

woman waiting for lyft ride at airport

Travel & Leisure

Lyft revives pooled rides at airports in push for cheaper trips

By Natalie Lung and Bloomberg

customers walking by Foot Locker store

Nike poised to win in Dick’s Sporting acquisition of Foot Locker

By Will Kubzansky, Kim Bhasin, and others

Revolut bank’s CEO Nikolay Storonsky takes part in a keynote speech during an event in London on November 22, 2024. (Photo by BENJAMIN CREMEL / AFP) (Photo by BENJAMIN CREMEL/AFP via Getty Images)

Revolut plans to invest €1 billion in France, apply for license

By Aisha S Gani, Claudia Cohen, and others

LEIGH, ENGLAND – JANUARY 31: Bottles of Gordon’s London Dry Gin are displayed for sale on January 31, 2024 in Leigh on Sea, England. Diageo plc, British multinational alcoholic beverage company share price has been struggling lately due to weaker sales in the Americas. (Photo by John Keeble/Getty Images)

Diageo plans $500 million of cost cuts as U.S. tariffs kick in

By Sabah Meddings and Bloomberg

The move comes after years of reviews and discussions about how fast-growing firms like Klarna, Clearpay, PayPal, and Zilch provide consumer credit products.

U.K. moves forward with plans to regulate buy-now, pay-later firms

By Tom Metcalf and Bloomberg