Breakfast Index Falls for the First Time as UK Food Costs Ease
A full English breakfast has got cheaper for the first time since Bloomberg started an index measuring the cost of ingredients nearly a year ago.
Bloomberg Business
Netflix Outlines $2.5 Billion Korean Bet as K-Drama Mania Grows
Netflix Inc. promised to back and cultivate the Korean showrunners and studios behind viral shows like Squid Game, outlining how it plans to spend some of the $2.5 billion it’s earmarked for K-drama.
France, China Pledge to Expand Trade Ties With Climate Focus
French and Chinese officials said there’s room to deepen commercial ties, with a focus on combating climate change and reforming global finance.
Decision on Who Will Be Next RBA Governor Is Likely in July, Treasurer Chalmers Says
Australian Treasurer Jim Chalmers expects to decide in July on the governor of the Reserve Bank, with incumbent Philip Lowe’s current term expiring in less than three months. Whether Lowe is extended or replaced, the next head of the central bank will face myriad challenges.
US Curve Inversion Deepens to One Percentage Point After Powell
Bond investors’ concern over a potential US recession deepened after Federal Reserve Chair Jerome Powell signaled policymakers may keep pushing interest rates higher.
Trump Starts Receiving Government Evidence in Documents Case
The US Justice Department has started to turn over evidence to Donald Trump’s legal team in the classified documents prosecution, including grand jury testimony of witnesses who are set to testify for the government at trial, according to a new court filing.
UPS Union Workers Seek ‘Big Raises’ in Thorny Pay Negotiations
United Parcel Service Inc.’s union asked the company for major pay increases and better benefits as negotiations over its next five-year labor contract intensify.
Singapore’s SPH Media Files Police Report in Circulation Saga
Singapore’s SPH Media Group filed a police report in the aftermath of an internal investigation into overstated circulation figures.
Dubai’s Latest Property Spree Has Rich Buyers Taking More Risk
On Dubai’s manmade island of Palm Jumeirah, soaring laser beams signal the latest outsized construction project getting started. At 71 stories high and with 76 penthouses, Como Residences will be the archipelago’s highest structure — with the cheapest unit priced at 21 million dirhams ($5.7 million).
Toronto Maple Leafs Owner Valued at $8 Billion in Stake Sale, Sportico Says
A minority partner in Maple Leaf Sports & Entertainment Ltd. is about to sell shares in a deal that values the Canadian sports company at over $8 billion, according to Sportico.
