Vodafone’s Top Backer E& Discusses Board Changes and Ups Stake
Vodafone Group Plc’s biggest shareholder, Emirates Telecommunications Group Co., has opened talks with the troubled British telecom group to push for changes on its board.
Bloomberg Business
Fox Fired Its Biggest Star Tucker Carlson, Who Badmouthed Bosses
Fox News, in announcing Monday that it’s parted ways with Tucker Carlson, is losing a host who brought in millions of viewers but proved too much to handle even for corporate chiefs Rupert and Lachlan Murdoch.
Silicon Valley Faces UK Crackdown as Government Unveils Laws
Big Tech firms from Google to Meta Platforms Inc. face beefed up oversight and potential fines of as much as 10% of global sales for practices that hurt consumers, under sweeping new legislation set to be unveiled Tuesday by the UK government.
FC Barcelona Closes €1.45 Billion Deal to Fund Stadium Revamp
Spanish football club FC Barcelona has closed a financing deal earmarked to revamp its Camp Nou stadium.
Terra Co-Founder Shin, Nine Others Indicted by South Korea
South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law related to the Terra cryptocurrency project, which imploded last year.
Fed’s Crisis Dollar Sales Pared Back as Global Tensions Subside
(Bloomberg) — The Federal Reserve and global counterparts will revert to fewer auctions for dollar funding after financial-market tensions in the wake of US bank failures subsided.
UBS Investment Banking Pain Seen Persisting Into Second Quarter
UBS Group AG said it expects suppressed trading and investment banking revenue to persist this quarter as clients grapple with geopolitical tensions and higher interest rates.
Eastern Europe Is Borrowing Like Never Before as War’s Financial Toll Piles Up
Across eastern Europe, the financial toll of Vladimir Putin’s 14-month-old war on Ukraine is piling up. Energy subsidies are being doled out, armies built up and refugees housed, schooled and fed.
Lebanese Inflation Crisis Rages Anew After 90% Pound Devaluation
Lebanon’s first official devaluation in a quarter century fired up consumer prices in March, with food and beverage inflation exceeding an annual 350% as authorities struggle to contain the crash in the world’s worst performing currency this year.
Biden Is Setting Up an $11 Billion Chips Network to Bolster US National Security
The Biden administration is setting up a network of advanced computer-chip design and engineering facilities, the focal point of plans to spend $11 billion on research and development to bolster US economic and national security.
