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ACEA President & Mercedes CEO 'Welcomes' EU Deal with China on Hybrids

The President of the auto lobby ACEA Ola Källenius, who's also the CEO of Mercedes-Benz Group, welcomed the recent deal to cap the imports of Chinese hybrid vehicles to the EU. He called for a level-playing field and the EU to increase its competitiveness. He spoke with Bloomberg's Oliver Crook in Brussels.

Read more: ACEA President & Mercedes CEO 'Welcomes' EU Deal with China on Hybrids
Bloomberg
Financial

DeepL CEO on Voice AI Growth and Competition

DeepL CEO Jarek Kutylowski discusses surging demand for voice-to-voice translation and how AI is transforming global business. He also addresses competition with OpenAI and Anthropic, DeepL's AWS strategy, European data sovereignty, recent workforce cuts and why the company is comfortable remaining private. He spoke with Bloomberg's Tom Mackenzie, at the International AI Summit in Dublin, Ireland.

Read more: DeepL CEO on Voice AI Growth and Competition
Bloomberg
Financial

Bank of America Results Hit by Weaker Trading, $1.2 Billion Penalty

Bank of America's stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank's results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television.

Read more: Bank of America Results Hit by Weaker Trading, $1.2 Billion Penalty
Bloomberg
Financial

Fed's Bowman Sees No Urgency for Further Action on Rates

Federal Reserve Vice Chair for Supervision Michelle Bowman said that although inflation remains above the central bank's goal, "I think we have some time to wait and see how financial conditions and the economy evolves." She spoke Wednesday with Institute of International Finance CEO Tim Adams at the IIF Annual Membership Meeting in Bangkok.

Read more: Fed's Bowman Sees No Urgency for Further Action on Rates