Central Banks Alone Can’t Fight Inflation, Giorgetti Says
Italian Finance Minister Giancarlo Giorgetti said monetary-policy measures alone can’t tame inflation.
Bloomberg Business
Veteran Money Managers Bail on Stock Rally With Fed Hawks Flying
Optimism about imminent rate cuts is stirring animal spirits — and unease — in equal measure at the end of a turbulent quarter in markets.
Electric Moto-Taxi Deal Aims to Clear the Air in Uganda Capital
An African electric mobility startup is seeking to make most motorbike taxis in Uganda’s capital city cleaner over the next five years.
A Medieval English Village Is Being Swallowed by the Sea
In Happisburgh, 250 meters of land was lost to erosion between 1600 and 1850. Now climate change might be accelerating the destruction.
Pope Francis Discharged From Hospital, Says ‘I’m Still Alive’
Pope Francis was released from hospital on Saturday to return to the Vatican after being treated for a pulmonary infection.
Pakistan Inflation Rises by Record as IMF Reforms Spur Gains
Pakistan’s inflation quickened by a record on higher taxes and energy prices, suggesting that further interest rate increases may be needed.
Nigeria Wealth Fund Profit Falls 33% in 2022 on Market Turmoil
The Nigeria Sovereign Investment Authority reported a sharp drop in profit for 2022 compared with a year earlier, citing macroeconomic conditions in developed and emerging markets as well as in the local economy.
UBS-Credit Suisse Combination Not Too Large, Ermotti Tells Sole
Sergio Ermotti, incoming chief executive officer of UBS Group AG, brushed off concerns about the bank’s size after its combination with Credit Suisse Group AG.
India Predicts a Hotter Summer, Raising Power Supply Worries
Several parts of India are forecast to witness hotter-than-usual weather through June, raising the risk of more strain on the power network as people turn to air conditioners to find reprieve from heat waves.
Thyssenkrupp Revives Sale of Submarine, Marine Systems Unit: FT
Thyssenkrupp AG has revived plans to sell its submarine and maritime systems unit, the Financial Times reports, citing an internal email it has seen.
