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El Salvador Passes Change to Bitcoin Law, Sparking Bond Gain

(Bloomberg) -- El Salvador’s dollar bonds rose the most in emerging markets Thursday after lawmakers approved changes to the nation’s Bitcoin law that were needed to secure an International Monetary Fund loan.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens St

Dow cuts 1,500 jobs as it looks to save $1 billion amid market pressures

(Reuters) -Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade. The chemical industry has been grappling with weak demand and high input costs, leading to lower prices and margin pressures, especially in Europe, where a challenging regulatory environment has prompted some companies to rethink their strategies. The Midland, Michigan-based company said it plans to reduce its workforce globally, with Europe and Asia in focus, and it expects to save an additional $300 million to $500 million this year by cutting back on expenses.

Oil Flow Through Russia’s Ust-Luga Appears to Pause After Attack

(Bloomberg) -- Oil flows through Russia’s Baltic Sea port of Ust-Luga appeared to pause, backing up Kyiv’s claims of a successful drone strike on a pumping station. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials It would present a significan