French Strikes Leave Millions of Barrels of Oil Stuck on Tankers
A fleet of tankers carrying millions of barrels of oil is backed up off the coast of France as strikes over pension reform rumble on.
Bloomberg Business
Crypto Exchange Kraken and Formula One’s Williams Racing Team Up
Crypto exchange Kraken signed a multi-year global pact with Formula One team Williams Racing, marking the trading platform’s first major sponsorship deal even as sports tie-ups with digital-asset firms become increasingly unpopular.
Agarwal’s Vedanta to Dole Out $927 Million in Fifth Dividend
Vedanta Ltd., billionaire Anil Agarwal’s Indian commodities major, will hand out a fifth dividend for the financial year ending Friday as parent Vedanta Resources Ltd. seeks to shore up funds to trim debt.
CFA Level I Pass Rate Ticks Up With Zero Pandemic Cancellations
The pass rate for the first level of the chartered financial analyst exam ticked up in the first period without pandemic-related cancellations since computer-based testing was introduced in 2021.
Lyft Appoints New CEO In Move That May Set Stage for a Sale
Lyft Inc. shares rose after the company tapped David Risher to be its new chief executive officer, replacing co-founder Logan Green and setting the stage for a potential sale as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.
US, China Rivalry May Stoke Conflict With India Along Border
As ties between Washington and Beijing worsen, border tensions between India and China could spiral into a bigger conflict, the South Asian nation’s army chief warned.
SocGen Seeking to Offload Real Estate Loan for KKR’s Adler Deal
Societe Generale SA is attempting to sell part of a loan secured against a portfolio of German apartments that were bought by a KKR & Co. venture from Adler Group SA last year, according to people with knowledge of the matter.
Markets Are Testing Banks for Weakness, Says BOE Governor
Bank of England Governor Andrew Bailey said global markets are testing “quite a lot” of the banking sector for any signs of trouble after the failure of Silicon Valley Bank and the rescue of Credit Suisse Group AG.
Germany to Buy KMW Howitzers in Deal Worth Up to €475 Million
Germany will purchase 10 self-propelled, rapid-fired howitzers from Krauss-Maffei Wegmann GmbH & Co. KG in a deal worth €185 million ($200 million) that could be expanded to more than twice that amount.
Ontario Fund Aims to Turn Cow Waste Into Profit With Sevana Deal
Ontario Teachers’ Pension Plan will buy a majority stake in a US company that produces renewable natural gas from cow waste.
