Europe Is Waking Up to Threat of an Eastern Version of Brexit
Hungarian Prime Minister Viktor Orban likes to blame the EU for everything and concern is growing over a sharp drop in public support for the bloc.
Bloomberg Business
ECB to Slow Rate-Hike Pace Next Week Before Hitting Peak in July
The European Central Bank will ease the pace of interest-rate hikes to a quarter-point next week as it weighs a pullback in bank lending against still-stubborn inflation and a surprisingly resilient economy, according to a Bloomberg survey of analysts.
Spain Plans to Push for Telecom Mergers During EU Presidency
Spain plans to push for consolidation in the European telecommunications market during its six month term holding the presidency of the Council of the European Union this year.
Thailand Stays as World’s Top Condom Exporter, With China and US as Biggest Buyers
Thailand, the world’s largest natural rubber producer, consolidated its position as the top global condom exporter in 2022, according to data from the Commerce Ministry.
Hollywood Execs Flock to Washington to Meet Korean President
Top executives from Netflix Inc., Walt Disney Co., Paramount Global and Sony Pictures Entertainment Inc. gathered at a rare joint meeting in Washington DC with a common purpose: learning South Korean content’s playbook for global success.
SMFG Ramps Up Wall Street Push With $3.4 Billion Jefferies Bet
Sumitomo Mitsui Financial Group Inc.’s $3.4 billion bet on its alliance with Jefferies Financial Group Inc. is the latest move by Japan’s top banks to expand abroad as they they seek to work around tepid growth prospects at home.
Biden’s Donors Haven’t Cut Enough Big Checks Yet, Worrying Allies
Democrats are concerned that President Joe Biden hasn’t raised enough money from donors in the initial days since his Tuesday reelection announcement, potentially underscoring the perception that his run isn’t exciting voters.
Key Coal Plant Shutters After 52 Years in Australia Energy Shift
Australia switched off one of its largest coal-fired power stations after almost 52 years of operation as the country accelerates its transition away from fossil fuels.
Evergrande Extends Incentive Deadline as Support Falls Short
China Evergrande Group extended by three weeks a deadline for debtholders to receive compensation for backing the embattled developer’s restructuring plan, as the firm has yet to win enough support for the massive overhaul.
BOJ Considers Tweaking Forward Guidance on Policy Rate: Nikkei
The Bank of Japan is planning to review guidance on its policy rate in light of the government’s plans to lower the classification of Covid-19, the Nikkei newspaper reported Friday, without attribution.
