Bloomberg Top News

The European Union is cracking down on greenwashing everywhere from the supermarket to the skies.

Virgin Orbit Holdings Inc. said it’s targeting “an incremental resumption of operations” after temporarily halting activities last week in the wake of a failed satellite launch a few months ago that threw the ambitious space program off course.

US mortgage rates fell to a five-week low of 6.48%, helping drive a third-straight advance in applications to buy a home.

UK inflation accelerated unexpectedly for the first time in four months, spurring a rally in the pound and a selloff in government bonds as traders firmed up bets on further rate hikes from the Bank of England.

For months, critics of Israeli Prime Minister Benjamin Netanyahu have been warning that his proposals to overhaul the judicial system could put Israel’s A+ credit rating at risk.

UBS Group AG shares have erased almost all of the losses made during the past week’s banking rout, with a bond buyback announced Wednesday adding to confidence that the historic takeover of Credit Suisse Group AG will be a net positive for the firm.

President Volodymyr Zelenskiy condemned what he called “murderous” Russian strikes on Ukraine overnight using Iranian drones, as well as fresh missile attacks and shelling, dismissing any talk of a possible cease-fire coming from the Kremlin.

Novartis AG is scrapping a high-profile UK clinical trial once touted as an example of National Health Service collaboration, even as the government tries to smooth the path for other studies and restore the country’s status as a destination for groundbreaking research.

The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde.

China and Russia are deepening cooperation on a key atomic technology that has Pentagon planners on edge because of its potential to upset the global balance of nuclear weapons.