Bloomberg Business

Ukraine Recap: Kyiv’s Forces Claim a Breakthrough in Fighting

Ukrainian forces pierced the first line of Russian fortifications in the nation’s southeast and are fighting to widen the breach, the nation’s defense chief said, in a bid for a potential breakthrough after its counteroffensive bogged down to the chagrin of Ukraine’s allies.

Italy Backs Telecom Deal in Meloni’s Latest Activist Push

Italy approved a decree Monday which empowers it to take a stake in Telecom Italia SpA’s network business, part of an effort by Prime Minister Giorgia Meloni’s increasingly activist government to assert more control over strategic assets.

Hawaii Utility Soars After Pointing Blame for Fire at County

Hawaiian Electric Industries Inc. soared after the utility pushed back against a lawsuit filed by Maui County that accused the company of starting the deadly Lahaina fire, suggesting that county’s fire department may be responsible for losing control of the blaze.