Putin Gives Zimbabwe Leader Mnangagwa a Helicopter, and Grain
Russian President Vladimir Putin handed Zimbabwean leader Emmerson Mnangagwa a presidential helicopter, according to the African nation’s government, as a show of their close ties.
Bloomberg Business
European Stocks Post Longest Weekly Winning Streak Since April
European stocks posted their third straight weekly gain in the busiest period for earnings so far this season, while cooling inflation and BASF SE gains lifted Germany’s DAX to a record high.
US Steel CEO Hails IRA as a ‘Manufacturing Renaissance Act’
The Inflation Reduction Act is spurring manufacturers to return to the US in droves, the chief executive officer of US Steel Corp. said.
G-20 Ministers Fail to Agree on Key Climate Issues in Wide Rift
The Group of 20 environment and climate ministers’ meeting in India ended without an agreement on key issues such as energy transition, cutting emissions, green border taxes and phasing down fossil fuels, exposing a wide rift among the countries on combating climate change.
BOE Names Ex-US Fed Chair Bernanke to Lead Review Into Forecasting Record
The Bank of England named former US Federal Reserve Chairman Ben Bernanke to lead a review into its economic forecasting, a move that appeared designed to defuse criticism that the UK central bank acted too slowly to contain inflation.
Deutsche Bank CFO Blasts ECB for Scrapping Interest on Reserves
Deutsche Bank AG Chief Financial Officer James von Moltke said the European Central Bank was burdening banks with the costs of monetary policy after it decided to scrap interest payments on minimum reserves.
Hot Currency Trade Takes Knock as BOJ Shift Ripples Across World
One of the currency world’s most lucrative trading strategies suffered a setback on Friday after the Bank of Japan surprised investors by edging closer to ending its extraordinarily loose monetary policy.
Centerview Chief Concedes There Was a Verbal Equity Promise to Ex-Partner
Centerview Partners LLC co-founder and Chief Executive Officer Robert Pruzan conceded in court that David Handler, who had been one of the investment bank’s top performers, was verbally promised an equity stake, casting doubt on the firm’s claim that there was no partnership agreement.
Crypto Trading Bots Are Taking Over Telegram
This year’s rebound in cryptocurrencies is turning messaging platform Telegram into an unlikely marketplace for small traders fearful of missing out on the rally.
Europe Wildfire Risk Spreads to French Riviera as Heat Eases
Europe’s wildfire threat is spreading to the French Riviera, while firefighters in Greece have either extinguished or contained more than 100 blazes.
