Betting on Barbie and Bike Lanes: Your Saturday US Briefing
Something for the weekend.
Bloomberg Business
Mark Rutte Bets on Hard Migration Stance for New Dutch Election
Dutch Prime Minister Mark Rutte pulled the plug on his own government by cornering coalition partners over a deal to limit the inflow of migrants, setting the stage for a more conservative campaign ahead of elections expected late this year.
France’s Le Maire Says Policies Must Recognize Inflation Easing
(Bloomberg) — French Finance Minister Bruno Le Maire said policymakers must account for the fact that Europe is moving past the worst of an inflationary surge, signaling potential tensions to come as the European Central Bank’s rapid interest rate increases begin to hit the economy.
Prisons Aren’t Remotely Ready for Extreme Weather
The Texas heat dome showed how vulnerable incarcerated individuals are to heat waves. In a warming world, that’s becoming an increasingly deadly problem.
Rutte Coalition Falls Over Asylum Crisis as Dutch Face Vote
Dutch Prime Minister Mark Rutte’s government collapsed over a migration policy dispute, pointing the Netherlands toward an early election as soon as this fall.
Warburg-Backed Startup’s Co-Founder Steps Back Amid Layoffs
The co-founder of digital telecom provider Circles is stepping down from the company’s management team, part of an internal staffing overhaul aimed at shedding costs after years of attempts to take on Singapore’s incumbent services.
McDonald’s Limits Tomato Usage in India Amid Price Surge
McDonald’s has stopped using tomatoes in food preparations at most of its locations in northern and eastern India amid a fivefold surge in prices as adverse weather conditions have limited the crop’s output.
Natixis CEO Sees ECB Ending Hikes by Year-End as Inflation Slows
The European Central Bank is likely to stop increasing interest rates by the end of the year as inflation slows, Natixis SA Chief Executive Officer Stephanie Paix said.
Charting the Global Economy: Employers in US Temper Hiring Pace
US employers tempered the pace of hiring while worker pay accelerated unexpectedly, illustrating a healthy yet moderating labor market that keeps the Federal Reserve on track to raise borrowing costs this month.
Chinese Automaker Body Retracts Two-Day-Old Price Pledge
A Chinese industry body of automakers retracted a two-day-old pledge not to resort to “abnormal pricing practices,” earlier seen as an effort to end a bruising price war in the country’s electric-vehicle market.
