Goldman Sachs Names Kim Posnett as Global Head of TMT
Goldman Sachs Group Inc. has named Kim Posnett global head of its technology, media and telecommunications investment banking group, according to a company memo.
Bloomberg Business
EVs Are Cleaning Up California’s Air, But Mostly for the Affluent
Disadvantaged communities received just 7% of California’s EV incentives between 2010 and 2021, and saw substantially smaller reductions in particulate emissions.
US Gives a ‘Free Pass’ to India as Worry Over China Rivalry Deepens
The Biden administration has decided to remain publicly quiet on India’s democratic backsliding, according to senior US officials, as the US intensifies efforts to keep New Delhi on its side in the rivalry with China.
Bank Woes Made Small Businesses Worry, But Not Enough to Switch
About four in ten US small businesses said they were very or moderately concerned about the health of their bank last month, though very few actually changed banks or even reached out to them in the wake of the finance-industry turmoil in recent weeks.
Olive Garden Owner Darden Buys Ruth’s Chris Steak House for About $715 Million
Darden Restaurants Inc., the owner of Olive Garden, said it’s buying Ruth’s Hospitality Group Inc., an upscale steakhouse chain of 154 locations, for about $715 million.
Oil Cargo in Sanctions-Busting Claim Had Inconsistent Paperwork
A shipment of diesel at the center of a European Union sanctions-busting claim had an inconsistency in its paperwork.
F1 Driver Mazepin Dumped After Ukraine Invasion Fights Sanctions
Nikita Mazepin, the Formula 1 racing driver dropped from his team following Russia’s invasion of Ukraine, has turned to court to lift British sanctions, calling them “unlawful.”
US Crypto Traders Avoiding Billions in Tax by ‘Loss Harvesting’
Crypto traders are avoiding billions of dollars in tax by taking advantage of wild price swings to “harvest” losses so they can be offset against other profits, according to a paper published by the National Bureau of Economic Research.
IBM Chief’s Message to Remote Workers: ‘Your Career Does Suffer’
Working from home is suitable for some roles, Arvind Krishna said, but those who aspire to move up the ranks need to be in an office.
EU Pledges €500 Million to Boost Ammunition Output in Europe
The European Union is setting aside €500 million ($551 million) to boost manufacturing of artillery shells, missiles and gunpowder in an effort to speed up production of ammunition for Ukraine and galvanize the bloc’s defense industry.
