Chipotle Calls Corporate Staff Into Office Four Days a Week
Chipotle Mexican Grill Inc. will require corporate staff to be on-site four days a week, becoming yet another large company to tighten return-to-office rules.
Bloomberg Business
World Bank Says Global Economy in Precarious State as Rates Rise
The global economy is in a precarious situation and heading for a substantial growth slowdown as sharp interest-rate increases hit activity and stir vulnerabilities in lower-income countries, the World Bank said.
Sequoia Splits Into Three Firms Amid Geopolitical Tension
Venture capital powerhouse Sequoia Capital is breaking up into three entities around the world, splitting the Chinese and US operations as tensions grow between the world’s two largest economies.
Saudi Arabia’s City of the Future Gets $5.6 Billion Investment
Saudi Arabia’s Neom, an entirely new city being built on the Red Sea coast, has finalized a deal worth more than 21 billion riyals ($5.6 billion) with a group of local investors, in the third investment to back the kingdom’s most ambitious project to diversify its economy in the past month.
Swiss Government to Have Say on UBS Assets Backed by Guarantee
The Swiss government will be entitled to ask UBS Group AG to adjust its plans for management of the assets covered by a 9 billion Swiss franc ($9.9 billion) loss guarantee, following the completion of the bank’s takeover of Credit Suisse Group AG.
Five Things to Watch as UK’s Sunak Visits Biden in Washington
From coffees in Belfast to shared stages in Asia, Rishi Sunak’s meetings with President Joe Biden have so far lacked the solemnity expected of US-UK summits. The British prime minister is hoping his first official trip to Washington puts the relationship back on a loftier footing.
Russian Crude Flows Stay High as OPEC+ Partners Call for Clarity
Four-week average seaborne shipments edge up to within 100,000 barrels a day of a record
Sunak Seeks Offramp in Escalating UK Spat Over Covid-19 Probe
Rishi Sunak’s government is looking at ways it can avoid a court showdown with the UK’s official inquiry into the Covid-19 pandemic, amid accusations the prime minister is trying to keep key information secret.
China Edging Out Russia as Sanctions Redraw Kazakhstan Trade
An economic seesaw between China and Russia in Central Asia is moving toward a new equilibrium for Kazakhstan, which expects its eastern neighbor to come out on top as international sanctions over the Kremlin’s invasion of Ukraine transform commerce.
US Family Offices Top Pay Ranks With $1 Million CIO Salaries
It pays to be chief investment officer at a US family office.
