Elon Musk Says He Has Improved ‘Corrosive’ Twitter for Most Users
Elon Musk, speaking at a conference in Paris, said that he bought Twitter Inc. because the social network was having a “corrosive effect” on civil society that he hoped to improve.
Bloomberg Business
ECB Hawks Warn Rate Hikes May Need to Persist Beyond Summer
Bundesbank President Joachim Nagel kicked off warnings from hawkish officials that the European Central Bank’s historic campaign of interest-rate hikes may need to extend into the fall.
Blue Owl’s Dyal Capital Unit Sets Target for Sixth Fund at $13 Billion
Dyal Capital, the investing unit owned by Blue Owl Capital Inc., is seeking to raise $13 billion for its sixth investment fund, according to people familiar with the firm’s plans.
Putin Says Russia Put First Nuclear Weapons in Belarus
President Vladimir Putin said Russia has delivered its first tactical nuclear weapons to Belarus, three months after announcing the plan that threatens to ratchet up tensions with the US and its allies over the war in Ukraine.
ECB’s Lagarde Affirms Pledge That More to Be Done on Rates
The European Central Bank has more ground to cover in its campaign of interest-rate increases, according to President Christine Lagarde.
JPMorgan Defeats Bid to Depose Dimon Again in Epstein Suit by US Virgin Islands
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won’t face a second round of questioning in the bank’s litigation over its ties to Jeffrey Epstein, after a judge blocked an attempt to reopen depositions in the case.
Canadians Say Higher Rates Are Crimping Their Personal Spending
Nearly two-thirds of Canadians say higher borrowing costs are squeezing their pocketbooks, a result that’s at odds with a recent rebound in household consumption.
Eric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 Million
Former Google CEO Eric Schmidt bought the Alfa Nero superyacht that was ditched in Antigua in March 2022 after Russian troops invaded Ukraine.
Kenya Considers Buying Back Part of a $2 Billion Bond
Kenya is considering options including a potential buyback of part of a $2 billion bond due next year, according to people familiar with the matter.
CEO of Biggest Colombian Bank Says Loan Growth Beat Expectations
Colombian mortgage and commercial lending are unexpectedly resilient after the central bank’s steepest-ever series of interest rate rises, according to the head of the nation’s biggest bank.
