TikTok Ban? Not at Cannes, Where Advertisers Embrace the App
One marketer sums it up: “We want to be where the eyeballs are”
Bloomberg Business
Larry Ellison Scores $482 Million Gain by Cashing in Expiring Options
Larry Ellison, the world’s fourth-richest person, exercised expiring options and sold $640 million of Oracle Corp. shares this week after the company’s stock surged to a record.
Developer Silverstein Pitches Casino Project on Manhattan’s Far West Side
Silverstein Properties is pitching a casino on the far west side of Manhattan, joining a handful of developers vying for one of three downstate gaming licenses.
Starbucks Baristas Plan to Strike After Alleged Pride Decoration Ban
Starbucks Corp. baristas at more than 150 stores plan to strike over the next week in support of LGBTQ workers.
Brewer Carlsberg Signs Agreement to Sell Business in Russia
Carlsberg A/S, the Danish owner of Russia’s biggest brewery, signed an agreement to sell its operations in the country to an undisclosed buyer, more than a year after deciding to exit.
Bulgaria Pledges More Ukraine Aid, Sparking Clash With President
Bulgaria’s head of state condemned the country’s new government for pledging to boost military support for Ukraine, as it steers the Black Sea nation closer to the European mainstream in its backing for Kyiv.
Yellen Welcomes China Role in Zambia Debt Deal: Paris Update
US Treasury Secretary Janet Yellen said at a summit in Paris that she was encouraged by China’s role in addressing debt challenges facing developing countries after a restructuring agreement in principle was reached for Zambia.
US Economy Seen Skirting Recession But With Sticky Inflation
The US economy is now expected to narrowly dodge a recession this year but underlying inflation will be faster than previously thought, according to the latest Bloomberg monthly survey of economists.
Tunisia’s Leader Takes Hard Line on Austerity in IMF Faceoff
Tunisia’s President Kais Saied used a rare meeting with the International Monetary Fund’s chief to stake out his opposition to spending cuts and policy changes necessary to secure a bailout from the lender despite his country’s dire finances.
Yellen Shares Stage With Chinese Premier Amid Thaw in Relations
US Treasury Secretary Janet Yellen joined the Chinese premier for a panel at a summit in Paris, her first appearance in months with a senior government official from China.
