Kenya’s New Central Banker Pledges to Fight Inflation After Hike
Kenya’s new central bank governor vowed to battle sticky inflation amid growing complaints about prices and protest threats over the rising cost of living in the East African economy.
Bloomberg Business
McCarthy Says Putin Looks Weaker After Wagner Group Rebellion
House Speaker Kevin McCarthy said that the challenge to Russian President Vladimir Putin from the Wagner mercenary group over the weekend showed that he has become “isolated” and “slow to make decisions.”
Kim Kardashian’s Skims Is Opening Its First Stores Next Year
Kim Kardashian’s underwear label Skims plans to open its first permanent stores next year as it plots retail expansion in the US and abroad.
American Express Says Christophe Le Caillec to Replace Jeff Campbell as CFO
American Express Co. said Christophe Le Caillec will succeed Jeff Campbell as chief financial officer in August.
Capital One Expands With a New Lifestyle Collection of Luxury Hotels
The banking sector’s competition for travelers continues with fresh hotel perks from Capital One Travel.
Fund Founder Beschloss Warns Interest Rate ‘Regime Change’ Will Ruin Investing
When the Federal Reserve ended a years-long policy of ultra-low interest rates, it upended expectations for investments, according to Afsaneh Beschloss, founder and chief executive officer of RockCreek Group.
British Supermarkets Deny Food Price Profiteering to MPs
Britain’s biggest supermarkets said they’re keeping food prices as low as possible in response to questions from UK politicians on whether they’re profiteering from rampant inflation on groceries.
Italy’s Salvini Says ECB Rate Hiking Is ‘Nonsense and Dangerous’
Italy’s two deputy prime ministers lashed out at the European Central Bank after its president, Christine Lagarde, signaled an intention to hike interest rates again next month.
Banks Tap Costly ECB Funds as Pandemic-Era Loan Repayment Nears
(Bloomberg) — Banks tapped an expensive European Central Bank liquidity facility for the most cash in five years as cheaper, pandemic-era loans come to an end.
Nurse Strikes to End in England as Union Fails to Reach Threshold
Nurses have failed in a bid to hold more strikes across England, as a crucial ballot fell short of the necessary threshold imposed on UK unions.
