Musk Says Twitter Will Change Logo to X, ‘Bid Adieu’ to Bird
Twitter owner Elon Musk said the social media company will change its logo soon, getting rid of the blue bird that’s long been its signature.
Bloomberg Business
Alibaba to Stay on Sidelines of Ant’s $6 Billion Stock Buyback
Alibaba Group Holding Ltd. has decided not to sell any part of its one-third stake in Ant Group Co. during the Chinese fintech leader’s imminent share buyback, saying it wants to maintain its slice of an important partner.
Xi’s Pitch to Investors Hinges on Revitalizing State-Owned Firms
Beijing is on a mission to revamp its state-owned enterprises, and show the world that investing in President Xi Jinping’s China can reward everyone from domestic savers to skeptical money managers.
Indonesia Nickel Heartland Wants to Be Greener Link in EV Chain
The company behind an industrial park in central Indonesia that is becoming a nickel production powerhouse says it is implementing measures to address growing environmental concerns over production of the commodity, a key component of stainless steel and batteries for electric vehicles.
New Zealand Justice Minister Resigns After Car-Crash Charges
New Zealand Justice Minister Kiri Allan has resigned her portfolios after being charged by police over a late-night car crash, adding to Prime Minister Chris Hipkins’ challenges less than three months out from a general election.
Biden Urges Netanyahu to Delay Vote on Judicial Reform Bill
US President Joe Biden is making a last-ditch effort to urge Prime Minister Benjamin Netanyahu to reconsider a vote on a reform of Israel’s judicial branch.
UK Job Vacancies Rise for Fifth Month, Adding to Pressure on Pay
UK job vacancies rose for a fifth month, boosting salaries and signaling tightness in the labor market that’s likely to fan inflation, data from the search engine Adzuna showed.
The Great M&A Slump Is Shaking Up Giants of Investment Banking
Wall Street firms are downsizing as deal volume craters. But some lower-ranked rivals are on a hiring spree, betting a boom is nigh.
Top Taiwan Bank Looks to Southeast Asia in Shift From China
One of Taiwan’s largest lenders is shifting its business and hiring focus to Southeast Asia as its corporate clients in high-tech and textile manufacturing seek to diversify supply chains away from China amid geopolitical tensions.
Sunak Renews UK Housebuilding Pledge, Relaxes Planning Rules
UK Prime Minister Rishi Sunak vowed to meet his 2019 election manifesto commitment of building 1 million new homes over the course of this Parliament, as he tried to restore support in his Conservative party following a drubbing in two special elections last week.
