Water Crisis Threatens Alcoholic Drinks Supply, Top Distiller Diageo Warns
The maker of Baileys Irish Cream says the crunch in water supply due to droughts and erratic rain is emerging as a massive risk for its operations.
Bloomberg Business
Rishi Sunak Seeks Closer Economic Ties in First White House Visit
UK Prime Minister Rishi Sunak will seek closer economic ties with the US during his first visit as leader to the White House, even as Joe Biden’s administration maintains a freeze on talks on a free-trade agreement.
Israel’s Biggest Opportunity Is AI, Economy Minister Says
Artificial intelligence presents the biggest opportunity for Israel’s technology-heavy economy, a senior minister said.
Credit Suisse’s Heller, Harbonn Lead Integration for Asia Wealth
Credit Suisse Group AG picked Tobias Heller and Claude Harbonn to lead an integration office for Asia Pacific wealth management as it prepares to be taken over by UBS Group AG.
Hindenburg-Inflicted Losses Still Weigh Heavily on Adani Stocks
About four months after US short seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact.
Germany Is Running Out of Workers, Putting Growth in Jeopardy
Europe’s largest economy may see growth limited to 1% a year for decades
World Bank Sees Kenya’s Economy Growing 5% This Year
Kenya’s economy is projected to expand 5% this year as favorable weather conditions boost agricultural output, according to the World Bank.
Exxon CEO Tells Europe to Follow US Approach to Climate Action
European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil Corp. Chief Executive Officer Darren Woods said.
Australia’s Economy Cools as Aggressive Rate Hikes Take Toll
Australia’s economy slowed more than expected last quarter as aggressive policy tightening weighed on household spending and construction, while accelerating labor costs underlined the nation’s inflation challenge.
Japan’s LGBTQ Bill Set for Step Toward Passage by End of Session
Japan’s long-delayed bill promoting understanding of LGBTQ individuals is set for a vote in a lower house committee on Friday, in a step toward passage by the end of the parliamentary session on June 21.
