UBS’s Zilkens to Lead Middle East Wealth Unit, Daher Made Chair
UBS Group AG promoted Niels Zilkens to lead the firm’s wealth business in the Middle East after the unit was stung by departures in the midst of management changes.
Bloomberg Business
Apple Releases iPhone Software Update to Fix Overheating Issue
Apple Inc. rolled out a software update Wednesday to address an overheating issue that plagued some early buyers of the iPhone 15 Pro line.
Brazil Renews Push for IMF Reform, Sees BRICS Bank Alternative
Brazil is bringing an urgent message to next week’s meetings of the International Monetary Fund: Western-backed lenders must give developing nations more say if they want to remain relevant.
Steve Scalise, No. 2 House Republican, Joins Race to Succeed McCarthy
Second-ranking House Republican leader Steve Scalise is officially running for speaker, making him a leading contender as the GOP searches for a replacement.
Barclays Cuts 50 Senior Dealmakers as Firmwide Job Cuts Begin
Barclays Plc is dismissing roughly 50 senior dealmakers as part of the banking giant’s annual culling of staffers in its investment bank.
Citigroup Says as Many as 50% of All ETFs Lose Money for Their Issuers
Wall Street’s $7 trillion exchange-traded fund is causing headaches for issuers big and small: as many as 50% of their investment products are running at a loss.
World Bank Sees Latin America Lagging Rest of the World — Again
Latin America is once again on track to grow more slowly than the rest of the world, with the regional economy set to underperform those of South Asia and even war-battered Eastern Europe this year, according to a new World Bank report.
Ron DeSantis Raises $15 Million, Moves Campaign Staff to Iowa
Ron DeSantis raised $15 million over the past quarter, but only has $5 million left that can be spent in the Republican primary race, according to two people familiar with the matter, putting pressure on the Florida governor’s presidential campaign to conserve cash.
Oil Driller Noble’s CEO Says Biden Plan Will Push Rigs Outside US
Noble Corp., the world’s biggest offshore oil-rig contractor by market value, expects the Biden administration’s new offshore-drilling plan to push new investments out of the US and into other parts of the world.
Ukraine Aid Faces a Murky Path in US Congress After McCarthy’s Ouster
US funding for Ukraine faces a new hurdle in Congress after Representative Kevin McCarthy’s ouster as House speaker gave Republican hardliners an opening to stall the next round of aid to Kyiv.
