Moody’s Will Use Microsoft, OpenAI for Research Tool to Assess Risk
Ratings and research firm already rolled out Microsoft AI assistant to its employees
Bloomberg Business
Goldman Sachs Loses Top M&A Ranking for First Time in Five Years
Goldman Sachs Group Inc. has lost its ranking as the world’s top mergers and acquisitions adviser for the first time in five years.
Ryanair Cancels Paris Schedule as Strike Shuts Down Airport
Ryanair Holdings Plc’s main gateway to Paris descended into chaos on Thursday because of a strike by air-traffic controllers, forcing Europe’s largest low-cost carrier to cancel all flights at Paris-Beauvais airport.
Canada Fires Have Burned a South Carolina-Sized Area of Forest
Canada’s forest fires have consumed an area about as large as South Carolina and larger than 10 other US states.
Boris Johnson Allies Face Censure for Undermining Parliament
Allies of Boris Johnson face censure by the House of Commons after a parliamentary panel highlighted their role in a “co-ordinated campaign” to undermine a probe into the former prime minister’s lies over pandemic lockdown-breaking parties.
Thames Water Crisis Exposes ‘Broken Britain’ Danger for Sunak
Rishi Sunak tried to bat away his latest crises in Parliament on Wednesday as he often does, declaring how his Conservative Party is “delivering” for Britain. But the man favored by voters to take his job wondered aloud whether even the UK premier himself was convinced.
Sunak’s Flagship Rwandan Deportation Policy Ruled Unlawful
Rishi Sunak suffered a major blow Thursday after London judges ruled his attempt to deport asylum seekers to Rwanda is unlawful, a decision that undermines his key pledge to show his Conservative government as being tough on immigration.
Credit Suisse AT1 Wipeout Is a Headache for Banks, Says Vontobel
Switzerland’s decision to wipe out $17 billion worth of Credit Suisse’s AT1 debt as part of the government-brokered rescue of the troubled bank by UBS Group AG has made it a lot tougher for other Swiss lenders to issue those types of risky bonds, said a top Vontobel Holding AG executive.
Some Thames Water Bonds Have a Surprise Savior in Jeremy Corbyn
Holders of hundreds of millions of pounds of obscure debt issued by an entity linked to Thames Water could escape any potential nationalization without a haircut because of former Labour Party leader Jeremy Corbyn.
Euro-Zone Inflation Expectations Gauge Hits Seven-Year Low
Euro-zone consumers’ inflation expectations dropped to the lowest since 2016 in a gauge compiled by the European Commission, suggesting price increases aren’t becoming entrenched in the economy.
