European Heat Wave Sees Sardinia at 46C as Greece Burns
Europe baked in intense heat, with temperatures reaching almost 46C (115F) on the Italian island of Sardinia on Wednesday, as wildfires continued to rage in Greece.
Bloomberg Business
Wagner Chief Reemerges to Say Mercenaries Moved to Belarus
Wagner leader Yevgeny Prigozhin emerged publicly for the first time since the aborted mutiny in Russia to declare the mercenary group has moved to Belarus “for some time.”
AT&T Says Less Than 10% of Its Network Has Lead Covered Cables
AT&T Inc. says less than 10% of its nationwide copper-wire telecom network has lead-clad cables, addressing investor concerns over the extent of a potentially massive contamination situation and costly cleanup.
Kenya’s Opposition Leads Protests as Schools, Stores Shut
Schools and a number of businesses closed in the Kenyan capital, Nairobi, as the nation’s main opposition resumed protests over the rising cost of living.
Distressed US Offices Jump to $24.8 Billion, More Than Malls
About $24.8 billion of US office buildings were in distress at the end of the second quarter, surpassing previous leading commercial real estate laggards — hotels and retail properties.
China Vows to Boost Private Economy, Protect Businesses
China’s Communist Party and government issued a joint pledge to improve conditions for private businesses in a signal that Beijing wants to bolster corporate confidence as economic growth wanes.
Microsoft Offers Free Security Feature After Alleged China Cyber Hack
Under pressure from US cybersecurity officials, Microsoft Corp. on Wednesday said it would provide free cloud security logs for all customers in the next few months.
ASML’s Orders Rise as China Sales Defy Chip Sector Slowdown
ASML Holding NV’s orders rose in the second quarter on demand for chip-making machines in China, defying a slump in the semiconductor industry.
Gucci Parent Kering Taps Defense Advisers as Activist Bluebell Circles
Kering SA is speaking to defense advisers as activist investors including Bluebell Capital Partners Ltd. circle the French luxury group, people with knowledge of the matter said.
Wesleyan Joins Small Group of Elite Colleges Banning Legacy Admissions
Wesleyan University is joining a select group of colleges that is ending preferences in admissions that favor children of alumni.
