Rum Seller Shows How Capitalism Thrives in Socialist Venezuela
Venezuela’s socialist government has dogged almost all of Alberto Vollmer’s 25-year career as the head of Ron Santa Teresa, the country’s biggest rum maker.
Bloomberg Business
A $590 Billion India Rally Faces Earnings, Retail Selling Tests
A $590 billion stock rally in India since late March is at risk of faltering as earnings face headwinds and retail investors pull back amid stretched valuations.
Huawei Books $560 Million From Patent Deals in 2022
Huawei Technologies Co. made $560 million in revenue from its patent licensing deals last year, disclosing for the first time its annual income from that part of the business.
Hollywood Actors Union to Vote on Strike After Talks Fall Apart
Hollywood’s SAG-Aftra union will vote on Thursday on whether to strike after failing to reach a new deal with the entity that represents major studios and steaming services.
Capital A’s Teleport Gets Freighters Amid Growing Revenue
Teleport — Capital A Bhd.’s logistics arm — is rolling out its own fleet of freight planes as the company looks to leverage on its new position as Southeast Asia’s biggest logistics firm, underscoring its growth ambitions for the next five years.
Fossil-Fuel Demand for Electricity May Have Peaked Globally
The exponential growth of renewable energy is pushing down global electricity prices and helping remove so much carbon from power systems that fossil fuels are no longer economical, and their use has peaked, according to a report.
Barratt Turns to UK Rental Sales as First-Time Buyer Deals Collapse
Barratt Developments Plc has turned to the private rental sector in a bid to earn more cash as a collapse in first-time buyer sales weighs on Britain’s housing market.
UK Stocks May Be World’s Cheapest But Still Don’t Appeal, Says BlackRock Strategist
UK stocks may be the world’s cheapest, but the wall of issues facing the market means they still aren’t appealing enough to buy, according to a BlackRock strategist.
British Banks Rein in Mortgage Lending as Borrowing Costs Surge
Banks reined in the availability of mortgages to households in the second quarter as losses and defaults started to pick up following the surge in borrowing costs.
Chinese Tech Stocks Advance as Signs of Official Support Grow
China’s tech stocks gained for a fourth day in Hong Kong as growing signs that the government’s long crackdown on the sector is finally over bolstered investor confidence.
