SAS Hits Hurdle on Air France-KLM Deal as Apollo Opposes Payment
Apollo Global Management Inc. challenged SAS AB’s plan to quickly pay the advisers to new investors in the bankrupt Scandinavian airline including Air France-KLM.
Bloomberg Business
Global Hedge Funds Push Back Against China Draft Rules
Some global hedge fund firms are pushing back against China’s proposed new rules for the sector, saying the measures will increase costs and erode competitiveness in the 6 trillion yuan ($822 billion) market.
OPEC Will Have a Pavilion at COP Climate Summit for First Time
This year’s international gathering to tackle the climate crisis will for the first time have a major presence by an organization that sees oil demand rising to mid-century.
Morgan Stanley Sold the Option in Glen Point FX Fraud Case
Morgan Stanley sold and paid out the $20 million option that federal prosecutors allege motivated Glen Point Capital co-founder Neil Phillips to manipulate the foreign exchange market, a case that goes to trial next week in New York.
Israel’s Ruling Coalition Wants to Form Emergency Government
Israel’s ruling coalition said it wants to form a rare emergency government with the opposition following Saturday’s attacks by Hamas that killed more than 900 Israelis.
Ex-Football Star Seeks Reelection as Liberia’s Woes Deepen
Liberia’s incumbent president will seek reelection for another six-year term on Tuesday after an economic crisis and endemic corruption sapped his popularity.
English FA Vows Euro 2028 Will Learn from Wembley Chaos
Euro 2028 will be held across the UK and Ireland, a tournament that organizers say will incorporate the lessons learned from the chaos and violence that overshadowed the Euro 2021 final at Wembley Stadium.
New Zealand Home-Building Costs Are Growing at a Slower Pace
New Zealand house-building costs are increasing at the slowest pace in almost three years as high interest rates and economic uncertainty curb demand for new homes.
Sam Bankman-Fried’s FTX Trial Witnesses: Who Knew What, When
The trial of FTX co-founder Sam Bankman-Fried on charges of fraud and money laundering is still in its early days, and has already featured crucial testimony from key employees of the now-bankrupt crypto exchange.
Mercedes Unveils Long-Haul Electric Truck to Take on Tesla
Mercedes-Benz Trucks revealed a heavy-duty electric truck to take on Tesla Inc.’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics.
