Heat and Drought Force Europe to Accelerate Climate Adaptation
Observation satellites are being deployed to help farmers, utilities and supply chains adjust to persistently hotter and drier weather.
Bloomberg Business
Volvo Raises Truck Forecasts as Pent-Up Demand Helps Orders
Volvo Group raised its forecasts for registrations as the world’s second biggest truckmaker saw orders increase 32%. Volvo last week reported preliminary first-quarter results that prompted its shares to surge.
Koo, Twitter’s Rival in India, Fires 30% Staff on Funding Crunch
Koo, a Twitter Inc. rival in India, has fired almost a third of its employees in recent months as the firm struggles with losses and an inability to raise funds.
Yuexiu Property Shares Sink on $1 Billion Rights-Issue Plan
Chinese developer Yuexiu Property Company Ltd. shares tumbled after the company said it plans to raise HK$8.36 billion ($1.1 billion) in a rights issue.
Chinese Chip Rival to Samsung Seeks IPO at $14.5 Billion Value
Changxin Memory Technologies Inc. plans to file for a domestic initial public offering this year that could value the Chinese chipmaker north of $14.5 billion, a milestone debut that could help galvanize the country’s technology aspirations.
This Harvard Alum Wants to Help Thailand Reclaim Lost Decade as Election Race Heats Up
Thailand’s Move Forward Party, which is surging in opinion polls ahead of the May 14 election, wants to reclaim the “lost decade” of military-backed rule with sweeping reforms to revitalize Southeast Asia’s second-largest economy.
Cashing Out of Russia Will Come With New Tax on Foreign Business
Russia has another surprise for the foreign companies preparing to pull out of the country with a plan for a new levy on top of demanding they sell at a 50% discount and get government permission to leave.
PAG, Carlyle Stung By Politics in $18 Billion Asia Fundraising
PAG and Carlyle Group Inc., alternative asset managers seeking to raise almost $9 billion each for Asian private equity deals, are falling victim to an increasingly contentious political climate between the US and China, people familiar with the matter said.
RBA’s Lowe Defends Board, Reiterates Willingness to Keep Serving
Australia’s central bank Governor Philip Lowe pushed back against criticism of his rate-setting board by an external panel and reiterated that he’s willing to remain at the helm if offered an extension of his term.
Ukraine Latest: US Will Provide $325 Million More in Weapons
The Chinese government denied reports in western media that the country has exported drones to aid Russia’s invasion of Ukraine as groundless – and accused the US of engaging in the spread of “fake information.”
