Black Swan Funds Have a Moment as Investors Hedge Market Doom
Black Swan funds spend years waiting for markets to crash. Turns out, just a whiff of a crash is enough to juice performance.
Bloomberg Business
DeSantis’s Bad Week Shows Beating Trump Will Be a Difficult Task
Ron DeSantis isn’t officially running for president yet, but he just suffered through the kind of week a candidate for the highest office in the US would love to forget.
Cuba Holds a Stacked Election Amid the Biggest Population Exodus Since the Revolution
Cuba is holding elections Sunday to pick lawmakers at a time when the ruling communist party is struggling to keep a lid on public anger caused by rampant inflation, hunger and blackouts.
Thai Leader’s Party Names Party Chief as Second PM Candidate
Prime Minister Prayuth Chan-Ocha’s party named Pirapan Salirathavibhaga as its second candidate for the top job in the run-up to Thailand’s general election in May.
EU, Germany Reach Car Emissions Deal That Makes Room for E-Fuels
Germany reached an agreement with the European Union on a landmark regulation that requires new cars to be carbon neutral by 2035, resolving a dispute that threatened to undermine the bloc’s ambitious blueprint to reduce greenhouse gas emissions.
Germany Wants EU To Place End-User Controls On Sanctioned Tech
Germany wants European Union nations to introduce end-user controls on technological and electronic goods that Russia could be using for military purposes in Ukraine, the country’s economy minister said.
Gandhi Vows to Keep Questioning Modi’s Ties With Tycoon Adani
Indian opposition leader Rahul Gandhi said he will keep questioning Prime Minister Narendra Modi’s close ties with tycoon Gautam Adani even after being disqualified as a member of parliament.
Credit Suisse Wouldn’t Have Lasted Another Day, Minister Says
The Swiss government was compelled to intervene to save Credit Suisse Group AG as the troubled bank wouldn’t have survived another day of trading amid a crisis of investor confidence, Finance Minister Karin Keller-Sutter said.
UK Energy Secretary Urges Watchdog to Probe Power-Trading Tactic
UK Energy Security Secretary Grant Shapps called on the regulator to investigate whether power trading firms are manipulating the country’s electricity markets to boost their profits at the expense of consumers.
Indian Government Hasn’t Intervened in Adani Crisis, Sanyal Says
The administration of India Prime Minister Narendra Modi hasn’t intervened in the Adani Group’s tussle with a US short seller that caused a rout in the company’s shares, said Sanjeev Sanyal, an economic adviser to the premier.
