College Entrance Exams to Cut ‘Killer Questions’ in South Korea
South Korea will stop asking “killer questions” on notoriously competitive college entrance exams in an effort to make them more fair.
Bloomberg Business
Britain’s Economic Turmoil Is Hitting Women the Hardest
Inflation and the cost of living squeeze are draining household finances.
Swedish Economy to Avert Slump Despite Housing Woes, Danske Says
Sweden’s economy looks likely to avoid a contraction this year, economists at Danske Bank A/S said, as it has shown surprising resilience in the face of rising prices and surging borrowing costs.
Even Versace Can’t Lure Homebuyers to Damac’s London Tower
Since announcing plans to bring a little bling to an overlooked corner of south London, Dubai-based DAMAC Properties PJSC has outfitted its extravagant Damac Tower with Versace interiors and all the flair one might expect from a developer that’s partnered with Donald Trump on luxury golf courses. There’s only one problem: not enough people are buying.
Israel’s Exigent Hires Ex-Head of Bahraini Sovereign Wealth Fund
Talal Al Zain, the former chief executive officer of Bahrain’s sovereign wealth fund, has joined an Israeli firm that aims to invest in companies in the Middle East and North Africa and introduce Israeli technologies to the region.
Korea’s $169 Billion Wealth Fund Bets on Private Credit
South Korea’s $169 billion sovereign wealth fund has returned to gains this year, partially recovering from the double-digit losses of 2022 with increased bets on alternative assets to reduce volatility.
China’s CATL Leads $1.4 Billion Lithium Investment in Bolivia
A Chinese consortium led by Contemporary Amperex Technology Co. plans to spend $1.4 billion to build lithium extraction plants in Bolivia, according to the country’s government, adding to a global rush to secure supplies of the battery material.
Treasury Yields Rise as Global Bond Slide Extends Before Powell
Treasuries dropped in Asia as they reopened following a US long weekend, extending a global slide that began in the UK where investors grew concerned stubborn inflation will lead to more aggressive monetary tightening.
Biden Says His Foreign Policy Knowledge Equals Even Kissinger
President Joe Biden praised his own experience in foreign policy on Monday, saying it was the equal of anyone — including veteran diplomat Henry Kissinger.
Thai Firm Cites Russian War in Ukraine to Exit €560 Million Deal
Stark Corp. Pcl, a Thai maker of electrical components engulfed in an accounting scandal, has cited Russia’s war in Ukraine as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million.
