Coinbase Weighs UAE as Potential International Hub, CEO Says
Crypto exchange Coinbase Global Inc., at loggerheads with regulators in the US, is considering the United Arab Emirates to be an international hub.
Bloomberg Business
Biden, McCarthy Head Into Showdown as Debt Limit Crisis Nears
Joe Biden and Kevin McCarthy have arrived at a crucial moment in their debt ceiling fight — a meeting that risks cementing their standoff rather than yielding a breakthrough in a crisis already unnerving markets.
A Taxi Driver’s Daily Posts on Income is Vexing Italy’s Most Vocal Lobby
Roberto Mantovani, a taxi driver in Bologna, Italy, has been publishing his daily income on social media, in an unusual attempt to bring transparency to a profession that’s become a symbol of just how difficult it is to open up competition in the country.
Germany’s Industrial Plunge Revives Winter Recession Fears
German industrial production sank by the most in a year — raising the risk that Europe’s largest economy slipped into a winter recession.
Chile’s Conservative Parties to Lead Constitution Rewrite After Massive Win in Snub to President Boric
Chile’s opposition conservatives dealt a significant blow to the government of Gabriel Boric, in an election upset that undermines the president’s progressive agenda and sets up a potential rally in local assets.
Ukraine Should Get Concrete Path to Join NATO, Estonia Says
NATO allies need to spell out the concrete steps for Ukraine to become a member of the military alliance and move beyond repeating the standing position that it’s welcome to join the bloc, according to Estonia’s top diplomat.
Morgan Stanley’s Wilson Says Economy Signaling Weaker Earnings
Softer US macroeconomic data suggest that earnings trends will weaken in coming months, contrary to the expectations of most analysts, according to Morgan Stanley’s Michael Wilson, a staunch Wall Street bear.
EU Proposes Curbs on Several Chinese Firms for Aiding Russia
The European Union has proposed extending strict trade restrictions to several Chinese companies for the first time as it cracks down on firms supplying Russia with banned goods and technologies that have aided its war machine in Ukraine.
Biden’s Plan to Cut Power Emissions Hinges on Little-Used Carbon Capture
The EPA will require many facilities to capture their planet-warming pollution, an approach welcomed by environmentalists that faces logistical and legal hurdles.
Goldman Sees Family Offices Beefing Up on Stocks, Private Equity
Family offices that manage money for the ultra-rich are getting ready to unleash a stockpile of cash into public and private markets.
