ESG Veteran Says Recession Odds Expose Leverage Trap in Strategy
A recession is coming, and ESG investors may be among those who stand to lose the most.
Bloomberg Business
BlackRock Boosts Qatar-Owned Bank’s Offerings to World’s Rich
BlackRock Inc. is partnering with Quintet Private Bank to bolster the Qatar-owned firm’s investment services for rich clients as it ramps up expansion plans.
Healing Co. Eyes Nasdaq After Attracting Billionaire Families
The Healing Co., an owner of food supplement and wellbeing brands, has attracted investment from two billionaire families as it sets its sights on an eventual Nasdaq listing.
Australia Minister Deletes Tweet Calling Trump Jr. a ‘Big Baby’
An Australian minister deleted a tweet where she called the son of former US President Donald Trump a “big baby” and a “sore loser” over suggestions his Australia tour had been postponed due to visa delays.
Emerging Asia Bonds, Currencies Have Lost Their Traditional Link
Asia’s emerging-market currencies are losing their traditional close relationship to local bonds as falling hedging costs means more investors are choosing to offset their foreign-exchange risks.
BP Backs New Fuel for Ships Made Using Everyday Garbage
BP Plc is investing in a California-based startup that will use uneaten food and other waste to make low emission fuel.
Sri Lanka Cuts Key Rate for Second Time as Inflation Halves
Sri Lanka cut its benchmark rate for the second consecutive meeting as faster disinflation gave policymakers the space to focus on recovery from the worst economic crisis in seven decades.
Google Got Confidential Tip Off From PwC in Australia Tax Breach
Alphabet Inc.’s Google has emerged as one of the firms that PwC Australia targeted when it used confidential tax policy information to tip off customers.
Zuckerberg’s First Tweet in 11 Years Is Playful Jibe at Musk
Mark Zuckerberg posted his first tweet in more than a decade, a playful jab at Elon Musk on the day the Meta Platforms Inc. founder rolled out a much-anticipated Twitter substitute.
US VC Deal Spending Falls by Half in Second Quarter, Report Says
Venture capitalists are funding fewer startups, especially at the earliest stages of a company’s life, according to new data from research firm PitchBook.
