Rising sales of electric vehicles (EVs) and a scramble along the supply chain to secure materials have propelled prices of battery ingredients nickel, cobalt and lithium to multi-year highs.

Investor Kyle Bass, who spent much of his career betting on sovereign debt crises and interest rates, is shifting focus from hedge funds to the environment with a firm that will buy rural land and create environmental mitigation offsets.

Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group's shareholders next week.

Following is the statement from the European Central Bank following its policy meeting.

Investment bank Lazard Ltd reported a 13% jump in quarterly profit that beat Wall Street estimates on Thursday, helped by high advisory fees as a flurry of mergers and acquisitions closed out a record year for dealmaking.

Merck & Co said on Wednesday it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir.