The Best Gifts for Mom in 2023, From $33 to $9,500
We asked dozens of mothers and grandmothers what they wanted. As always, they came through with some great ideas.
Bloomberg Business
Charting the Global Economy: Fed, ECB Policies May Diverge
The Federal Reserve and European Central Bank forged ahead with interest-rate hikes this week, though Washington policymakers signaled they’re in the final round of their inflation fight.
Ukraine Says It Shot Down Russian Kinzhal Missile for First Time
Ukraine’s military confirmed the interception of a Russian “Kinzhal” hypersonic air-launched ballistic missile after it deployed Patriot air-defense systems obtained this spring from Western allies.
Vietnam Decries Australia Coin With Former South Regime Flag
Vietnam’s Communist government “resolutely” opposes Australia’s issuance of coin sets depicting the flag of the country’s defeated US-backed southern regime and asks Canberra to halt their distribution.
China’s Hozon to Make EVs in Thailand for Southeast Asian Market
China’s Hozon New Energy Automobile Co. will start production in Thailand to sell in Southeast Asia, becoming the latest electric vehicle maker to begin building a supply chain in the region’s top auto-manufacturing hub.
Credit Suisse Demise Isn’t Deterring Hedge Funds From European Bank Bonds
Hedge funds are zeroing in on European banks’ bonds, betting that the region’s long-troubled lenders are now in good enough shape to withstand the ongoing US financial turmoil.
South Africa’s Ramaphosa Sends Army to Protect Eskom Stations
South Africa’s president has ordered army personnel to be stationed at power stations as theft and sabotage adds to the inability of state-owned utility Eskom Holdings SOC Ltd. to meet electricity demand.
Vedanta Resources Repays $800 Million Loans to StanChart
Billionaire Anil Agarwal’s Vedanta Resources Ltd. said it has repaid $800 million worth of loans, another move that could assuage concerns about its liquidity after surging interest rates intensified pressure on low-rated borrowers with heavy debt loads.
Iran Hangs Swedish-Iranian Man Over Role in Parade Attack
Iran executed a Swedish-Iranian man on Saturday over his alleged role in plotting a deadly gun attack in 2018, the judiciary’s official Mizan news portal reported.
Underground Tangle of German Wires Drags $1 Trillion Green Push
Diggers trying to identify the tangle of wires beneath a street in western Germany had to take a bureaucratic trip back to the Third Reich — the last time anyone drew a subterranean schematic. Today, that inertia is hindering a $1 trillion push to build renewable power sources.
