EU Looks to Boost Efforts to Store Captured Carbon Underground
The European Union has started work on a key element of its plans to reach climate neutrality by the middle of the century: storing captured carbon dioxide underground.
Bloomberg Business
Pandemic Aid Saved Millions of Americans From Eviction and the Data Proves It
Terms of just-enacted debt deal make revival of programs unlikely
Canada Joins US Trade Complaint Against Mexico’s GMO Corn Ban
Canada will join a trade dispute initiated by the US over Mexico’s restrictions on genetically modified corn imports.
Franklin’s Bond Chief Says 10-Year Yield Could Top 4.3% If Inflation Stays Hot
Sticky global inflation and a pair of surprisingly hawkish central bank announcements has Franklin Templeton’s fixed-income chief wary of saying that US bond yields are past their peaks.
PacWest Begins Sale of $5.7 Billion Loan Portfolio to Kennedy Wilson
PacWest Bancorp has completed the first part of the sale of a $5.7 billion loan portfolio to real estate investment company Kennedy Wilson Holdings Inc. as the US regional bank takes steps to shore up liquidity.
Sweden’s Top Pension Fund Cuts International Stakes After Review
The Swedish pension fund caught up in the fallout from Silicon Valley Bank in March has decided to scale back its stock holdings in companies located outside the Nordic region.
Bank of Russia Approaches Hawkish Turn With Rates Held Again
Russia extended its interest-rate pause to the longest in more than seven years as the central bank becomes increasingly alert to inflation risks at a time of heavy government spending on the war in Ukraine.
Goldman Sachs Partner Stephanie Cohen Is Taking Leave From Firm
Stephanie Cohen, the Goldman Sachs Group Inc. partner given charge of the firm’s new consumer lending and transaction banking business, is taking a leave to focus on her family.
Putin Says Russia to Place Nuclear Weapons in Belarus in July
Russia will begin moving tactical nuclear weapons to Belarus next month, President Vladimir Putin told his Belarusian counterpart Alexander Lukashenko on Friday.
Rising Profit Estimates Mask South Africa’s Frail Equity Outlook
Analysts have raised the earnings outlook for South Africa’s main equity index to an almost 11-year high. Money managers say that’s a red herring.
