Latest News Updates From Bloomberg News

BusinessEquipment

Japan Group Reportedly Seeks Tesla Investment in Nissan

Nissan shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc. to aid the struggling carmaker.

February 21, 2025
BusinessLogistics

KKR’s Sale of Logistics Provider Goodpack Attracts Investors

KKR & Co.’s revived attempt to potentially sell container and logistics services provider Goodpack has attracted interest from global investment firms including Apollo Global Management.

February 21, 2025
BusinessFuel

BP Weighs $10 Billion Sale of Castrol Lubricants Unit

A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.

February 18, 2025
GovernmentBusinessLogistics

EU Trade Chief and Trump Officials Discuss Tariff Dispute

EU trade chief Maros Sefcovic spoke with three top members of U.S. President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.

February 12, 2025
GovernmentBusinessTechnologyEquipmentFuel

GM and Ford Lobby to Save EV Tax Incentives

Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.

February 11, 2025
BusinessFuel

Elliott Builds More Than $2.5 Billion Stake in Phillips 66

Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.

February 11, 2025
GovernmentBusiness

Trump Says Nippon Steel May Invest in US Steel

 President Donald Trump indicated Nippon Steel is considering investing in United States Steel instead of an outright purchase.

February 7, 2025
GovernmentBusinessTechnology

Nikola Considers Bankruptcy, Capping EV Maker’s Wild Ride

Nikola Corp. is working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.

February 7, 2025
GovernmentBusinessLogisticsFor-HirePrivateGlobal Freight

Logistics Agents Put 30% Levy on Shein, Temu Retailers

Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S. 

February 6, 2025
GovernmentBusinessFuel

OPEC+ Sticks to Supply Plan as Trump Seeks Oil Price Cut

OPEC+ didn’t make any changes to its existing oil production plans at a review meeting Feb. 3, even as President Donald Trump called on the group to lower crude prices.

February 3, 2025