British Consumer Confidence Falls for First Time in Six Months
UK consumer confidence fell for the first time in six months, interrupting a rapid rebound in sentiment as the reality of soaring prices emerged as a threat to household finances.
Bloomberg Business
The Only Thing Keeping South Africa From Chaos Is Its Private Sector
Corruption, government incompetence and policy paralysis risk turning Africa’s most-industrialized nation into a failing state, leaving the ANC struggling to hang on to power
Extreme Heat, Weather Conditions Attributed to Stagnant Jet Stream
It’s no coincidence that extreme heat is engulfing huge swaths of Asia, Europe and North America all at the same time. Powerful weather forces are combining to create the planet-wide conditions, and there’s unlikely to be relief from the scorching temperatures anytime soon.
Trump-Tied SPAC Misled Investors About Conflicts, SEC Alleges
Digital World Acquisition Corp., the blank-check firm seeking to take Donald Trump’s social media company public, misled investors, according to the US Securities and Exchange Commission.
Pfizer Tornado Damage Threatens Tenuous US Drug Supply Chain
Hospital drug buyers are scrambling to figure out how tornado damage at a major Pfizer Inc. manufacturing facility will affect the availability of medicines across the country at a time of record-high drug shortages.
Grindr Staff Launch Union Drive, Fueled by Tech Layoffs and Anti-LGBTQ Threats
Employees at the LGBTQ dating company Grindr Inc. are petitioning to unionize, extending a wave of organizing among tech workers.
China’s $100 Billion Tutoring Ban Backfires, Spawning Black Market
President Xi Jinping’s attack on China’s after-school tutoring industry was meant to ease the burden on households. But for many middle-class families, those efforts have had the opposite effect.
Blackstone Taps Strong Japanese Demand With Private Credit Fund
Blackstone Inc. sees opportunities to build out private credit offerings for high net worth investors in Japan after a strong start for a fund it launched with Daiwa Securities Group Inc. in April.
Julius Baer-Backed Firm GROW Seeks Stakes in China Hedge Funds
A Chinese investment firm backed by Julius Baer Group Ltd. and Navigator Global Investments Ltd. is seeking to buy stakes in domestic hedge fund managers, betting on the future expansion of the industry in the world’s second-largest economy.
TSMC’s Arizona Delay Poses Risk to Biden’s Push for US-Made Chips
President Joe Biden risks a major setback to one of his signature legislative achievements after Taiwan’s biggest chipmaker said it was forced to delay production at its marquee project in Arizona, a key battleground state in next year’s election.
