Bloomberg Business

Claims-Hit Insurer Direct Line Taps New CEO: The London Rush

Direct Line named Adam Winslow as chief executive officer, ending a months-long search. Penny James resigned as CEO in January after the motor insurer scrapped its final dividend amid ballooning claims. Car insurance is one of the starkest examples of cost inflation in the UK — and experts say the industry faces an overall loss for the year before possibly returning to profitability in 2024.

Leading BOJ Hawk Broaches Possibility of Early 2024 Rate Hike

One of the Bank of Japan’s leading advocates for unwinding monetary stimulus indicated the central bank might attain its long sought-after goal of reaching 2% inflation by early next year, a development that he said could pave the way for an interest rate increase.

Huawei’s Mystery Phone Rallies China in Fight Against US Curbs

The surprise launch of a sophisticated $900-plus Huawei Technologies Co. smartphone has captivated China’s technology industry, inspiring hopes that the country’s biggest firms can overcome US sanctions seemingly designed to thwart their ascendancy.