Turkey Takes Alternative Tightening Path After Smaller Rate Hike
Turkey’s central bank slowed its pace of interest-rate increases but pledged to amplify their impact on credit markets with alternative measures.
Bloomberg Business
EU Climate Chief Timmermans Seeks to Lead Left Alliance in Dutch Election
European Union climate chief Frans Timmermans plans to return to Dutch politics and run for leadership of the left alliance in a bid to succeed Prime Minister Mark Rutte.
US Applications for Jobless Benefits Fall to Two-Month Low
US applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.
Turkey Gets $51 Billion Pledge of Economic Support From UAE
The United Arab Emirates pledged to ramp up support for Turkey’s embattled economy, with the two countries agreeing provisional deals they say could be worth more than $50 billion.
Ukraine Recap: Kyiv Says Ships Going to Russia Ports Are Targets
Kyiv warned that any ships heading to ports in Russia or occupied areas of Ukraine may be considered military targets, a tit-for-tat response to a threat from Moscow that pushed wheat prices higher.
Heat Index Over 105F Bakes US From Coast to Coast: Weather Watch
Hot cities across the US are on Bloomberg Green’s radar today.
Universal Orlando Adds Shrek, Trolls to Reach Younger Kids
Comcast’s theme park unit is increasing its offerings for little kids
Blackstone’s $1 Trillion Mark Ushers In New Era of Buyout Titans
Blackstone Inc. just hit a milestone that no other private equity firm has reached: running $1 trillion.
Thyssenkrupp Gets EU Approval for €2 Billion Green Steel Aid
Thyssenkrupp AG secured European Union approval for a €2 billion ($2.2 billion) package of state subsidies from the German government to invest in green steel production.
Philip Morris Abandons $1 Billion Target for Healthcare Business
Philip Morris International Inc. abandoned a goal to get at least $1 billion of revenue from healthcare and wellness products next year following setbacks at companies it has acquired in the sector.
