Putin Steps Up Effort to Undercut Wagner Leader After Revolt
President Vladimir Putin sought to cast the Wagner leader who rose against him as corrupt, even as he said the Kremlin was financing the mercenary’s operations.
Bloomberg Business
BOE’s Bailey Hints Rates May Be Higher for Longer Than Expected
Bank of England Governor Andrew Bailey hinted that interest rates could remain at peak levels for longer than traders currently expect.
Rhine River Chokepoint Is Lowest for Time of Year on Record
Water levels at a chokepoint on the Rhine have fallen to a seasonal low, hampering shipments of diesel inland from Europe’s oil-trading hub.
Nvidia Is Falling on Chip-Export Fears. Here’s What’s Already Banned
The Biden administration is considering new restrictions on exports of artificial intelligence chips to China, potentially adding to a list of banned semiconductor technology from Nvidia Corp., Advanced Micro Devices Inc. and other US companies.
OpenAI Chooses London for Its First Corporate Office Outside US
ChatGPT creator OpenAI Inc. has chosen London as the home of its first corporate office outside the US, according to a company statement issued Wednesday.
BOE’s Bailey Dismisses Claims Brexit Tightened Jobs Market
Bank of England Governor Andrew Bailey dismissed claims by economists that Britain leaving the European Union has helped to fuel sticky inflation by worsening widespread worker shortages.
Struggling Brazil Firms Turn to Founders for $4 Billion Rescue
Brazilian companies wrestling with high interest rates and growing debt loads are turning to the people who helped build them for a lifeline.
To Sidestep ‘Weaponized’ ESG, Do-Good Funds Embrace a New Label
Fund managers have grown weary of the growing political scorn aimed at the environmental, social and governance label. So many have decided to call their funds something else.
Cloud Startup Fly.io Raises $70 Million in EQT-Led Round
Fly.io, a tech startup whose public cloud infrastructure enables developers to deploy applications, has raised $70 million in a funding round that values the company at $467 million.
Failed Russian Mutiny Boosts Prospects for More US Arms to Ukraine
President Joe Biden says the turmoil in Moscow has weakened Vladimir Putin. Now, the 24-hour mutiny by mercenaries is likely to bolster those in Washington seeking to boost support for Ukraine’s war effort.
