EU Ban on Russian Diesel Risks Economic Disruption
On February 5th, the EU and UK will ramp up sanctions against Russia over its invasion of Ukraine. From that day forward, seaborne deliveries of diesel from the country will be banned. The fuel is vital to the European economy, used for powering cars, trucks, ships, in construction and manufacturing.
The US government wants to ban non-compete contracts in an effort to put more power in the hands of some 30 million workers. But many employers and business groups see it differently. Bloomberg's Ritika Gupta has more.
US Debt Ceiling Explained: Why It Matters to Markets
The standoff over the US debt ceiling is an example of Washington dysfunction that could spill over into global financial markets. Bloomberg Quicktake’s Scarlet Fu explains what the debt ceiling is and why it matters.