Goldman Says Markets Too Optimistic on Pace of US Inflation Drop
Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at Goldman Sachs Group Inc.
Bloomberg Business
Berlin Risks Water Shortages in Fallout From Germany’s Coal Exit
An unintended consequence of climate reform means the Spree River may get 75% less water
Cooking Pizza in Italy Is Costlier as Olive Oil Price Jumps
The cost of making a classic Pizza Margherita rose more than twice as fast as overall inflation in Italy last month, driven by the surging price of olive oil and mozzarella cheese.
Musk Courts EU Leaders as Twitter’s Future Hangs in the Balance
On Thursday, Elon Musk strode into the Palazzo Chigi in central Rome for a visit with Italian Prime Minister Giorgia Meloni. Wine, hugs and small talk were exchanged over the course of several long meetings, but the billionaire refrained from making any promises – or letting any details slip about where he’s likely to locate Tesla Inc.’s next European factory.
British Tycoon Wants Record-Breaking €50 Million for Greek Villa
Business tycoon Charles Worthington is looking to sell an eight-bedroom villa in Mykonos, in what would be the biggest-ever deal of its kind on the Greek island.
Britain Faces Recession and Flood of Job Losses If Rates Hit 6%
Economists are warning that the UK economy faces a sharp recession and a flood of job losses if interest rates hit the 6% level financial markets believe is on the cards.
Europe Faces an Inflation-Regime Reckoning Over Climate Goals
European central bankers’ price stability mission is on a collision course with the goal of combating climate change, unless they change their ways.
Christie Made Millions After Leaving New Jersey Office, NYT Says
Chris Christie made millions of dollars in lobbying and consultancy fees in the past six years after leaving his New Jersey governor position in 2018, the New York Times reported.
Sojitz Cancels Hokkaido Wind Project on Costs, Local Objections
Japanese trading company Sojitz Corp. canceled its plan to build a wind power plant in Hokkaido, amid soaring material costs and growing local criticism about the environmental impact of the project.
Gloom Descends on Sunak as Johnson Saga and Rate Hikes Persist
Rishi Sunak is one of life’s optimists. But the Boris Johnson psychodrama and rising interest rates brought a palpable gloom to his Downing Street operation this week, according to people close to the UK prime minister.
