China Can’t Be Peace Mediator for Ukraine, Lithuania Says
China cannot act as a peace mediator over Russia’s invasion of Ukraine as Beijing’s stance would rob Kyiv of its sovereignty, according to Lithuanian Foreign Minister Gabrielius Landsbergis.
Bloomberg Business
FedEx Targets $4 Billion Cost Cuts by Merging Delivery Networks
FedEx Corp. is seeking to cut $4 billion in costs by combining its two main delivery networks, in an ambitious plan by new Chief Executive Officer Raj Subramaniam to increase profit margins.
Western Alliance Falls on Lack of Details on Deposit Balance
Western Alliance Bancorp fell as much as 12% after the regional bank updated its financial disclosures without saying more about its deposit balance.
Covid’s Origins Can’t Be Tied to Wuhan Market, Chinese Researchers Say
The origins of Covid-19 can’t be conclusively tied to the market in Wuhan where some of the first known cases appeared, according to Chinese researchers, further extending controversy around data collected at the start of the pandemic that had long remained out of view.
Exxon Makes Rare Purchase of North Sea Oil on Key Platts Window
Exxon Mobil Corp. bought North Sea crude on a closely watched oil pricing window for the first time in almost two years.
Netflix’s Crackdown on Password Sharing Emboldens Stock Bulls
In 2017, Netflix Inc. tweeted that “love is sharing a password.” In 2023, Wall Street loves that the company has changed its tune.
Israel Strikes Gaza After Rockets Fired in Fresh Escalation
Israeli fighter jets struck Hamas weapons manufacturing and storage sites in the central Gaza Strip Wednesday after a barrage of rockets and mortars from Gaza were fired at southern Israel as part of escalating violence.
Erste Said In Advanced Talks To Buy BNP Czech Consumer Assets
Erste Group Bank AG is in advanced talks to buy BNP Paribas SA’s consumer-finance business in the Czech Republic, people with knowledge of the matter said.
State Lawmakers Are Pushing Anti-Trans Legislation at Record Rates
A rundown of the bills targeting LGBTQ rights in states across the US
US-China Split Could Hinder Foreign Investment and Lower Global GDP, IMF Warns
Geopolitical fragmentation, driven by tensions between the US and China, risks damaging the global economy, with foreign direct investment and other capital increasingly being channeled toward aligned blocs of countries, the International Monetary Fund warns.
