Adani Flags Improving Debt Metrics to Bolster Confidence
Indian billionaire Gautam Adani’s embattled conglomerate said its key debt metrics have improved, as it seeks to restore investor confidence after a US short seller attack earlier this year.
Bloomberg Business
Ferrari’s EV Supercars Plant to Be Ready in 2024: CEO (Video)
Ferrari CEO Benedetto Vigna says the luxury automaker’s new next-generation powerplant factory “will be ready in June 2024,” with plans to unveil its first fully electric model in the fourth quarter of 2025. He speaks with Tommaso Ebhardt at Bloomberg’s Italy Capital Markets Forum on Monday. (corrects company name in description)
Russia and Ukraine Report Fierce Battles Along Front Lines
Russia and Ukraine reported widespread fighting along the war’s front lines as anticipation mounts for a long-planned Kyiv’s counteroffensive.
Binance’s Regulatory Woes Pave a Path for CEO Zhao’s Heir Apparent
In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
Ferrari’s New Plant for Electric Supercars to Be Ready Next Year
Ferrari NV new factory making electric supercars as well as next-generation powertrains will be ready from the middle of next year to start the manufacturer’s EV chapter.
IATA Latest: Profit May Hit $10 Billion, Bunk Beds in the Sky
The airline industry’s main lobby body is doubling its estimate for global net profit in 2023 as a surge in flying drives up ticket prices, although risks include rising interest rates to combat spiraling inflation and lingering supply chain issues.
Ukraine Recap: China and France in Talks, Fighting on Front Line
China’s top diplomat Wang Yi and Emmanuel Bonne, a diplomatic adviser to the French president, exchanged views on Russia’s war in Ukraine in a phone call, according to a statement from the Chinese Foreign Ministry.
Poland Seeks UK Air Defense to Stop Russian Drones, Spy Balloons
The Polish government has asked the UK for new air-defense support and technology to help it repel Russian missiles, drones and spy balloons, people familiar with the matter said.
A Default Warning From Creditors Preceded SBB CEO’s Exit
The day before Ilija Batljan stepped down from troubled Swedish landlord SBB, creditors sent a letter to the firm’s board claiming it had breached the terms of its bonds.
Biggest Junk-Bond ETF Attracts Most Cash Since 2020 as Rally Builds
Investors are piling cash into the largest junk bond exchange-traded fund at the quickest pace in nearly three years amid a broad rebound in risk assets.
