World’s Biggest Money Managers Are Divided on Inflation’s Path
More and more, the world’s biggest money managers are split over how much further inflation will retreat from the highest levels in decades.
Bloomberg Business
Former Salesforce Co-CEO Keith Block Launches Venture Capital Firm
Former Salesforce Inc. Co-Chief Executive Officer Keith Block is launching a venture capital firm, targeting $400 million for its first fund.
India Renews Push for Easier Visas for Its Companies in UK
India will keep pushing for easier visa rules for skilled professionals hired by its companies investing in Britain as it looks to finalize a free trade pact with the UK by end-2023, according to people with knowledge of the matter.
Ocado Closing Oldest UK Warehouse Amid Surplus Capacity
Ocado Group Plc’s online retail joint venture with Marks & Spencer Group Plc is closing the first automated warehouse built in Hatfield, England in a move that puts 2,300 jobs at risk.
Sporadic Clashes in Sudan Capital Test Fourth Cease-Fire Attempt
Renewed clashes in Sudan’s capital and other areas of the country tested the fourth attempt at a nationwide cease-fire since conflict erupted in the North African country in mid-April.
Persimmon, Aviva Bet £70 Million on Goldman-Backed Factory Homes
Persimmon Plc and Aviva Plc have made a £70 million ($87 million) bet on factory-built homes, as Britain looks for new ways to tackle its chronic housing and labor shortages.
Ontario Teachers’ Shuts Down Asia Equity Team in Hong Kong
The Ontario Teachers’ Pension Plan is closing down an Asia equity investment team in Hong Kong, resulting in the loss of five jobs.
Russian Billionaire Pumpyansky Blasts EU Bans as Political Hostage-Taking
Russian billionaire Dmitry Pumpyansky attacked European Union sanctions against him and his family as making them “collateral damage” in the bloc’s foreign policy efforts to thwart President Vladimir Putin.
UAE Says Escape From Gray Listing Hinges on Policy Effectiveness
The United Arab Emirates needs more time to show it’s done enough to be removed from a global financial crimes watchdog’s “gray list,” a senior government official said, as the Gulf country remains under scrutiny as a haven for dubious money dealings.
Norway’s $1.4 trillion Sovereign Wealth Fund Sees AI as a Bright Spot Amid Inflation Gloom
Stockpickers at Norway’s $1.4 trillion wealth fund expect that putting artificial intelligence to use will boost company profits, counteracting persistent price growth that continues to cause headaches for businesses and central bankers alike.
