Russia’s War in Ukraine: Key Events and How It’s Unfolding
A visual timeline of the war.
Bloomberg Business
The Post-Cold War Era Is Gone. A New Arms Race Has Arrived
Countries around the world are drawing lessons from Europe’s first high-intensity war since 1945, reassessing everything from ammunition stocks to supply lines.
Wealthy Brits Are Reviving the Offset Mortgage to Lower Bills
Wealthy Britons are turning to a little-used corner of the mortgage market to cut their bills after a jump in the cost of borrowing.
Musk Shuts Two of Three Twitter India Offices, Sends Staff Home
Twitter Inc. has shut two of its three India offices and told its staff to work from home, underscoring Elon Musk’s mission to slash costs and get the struggling social media service in the black.
RBA Scraps Future Barrenjoey Meetings After Trust Destroyed
Reserve Bank of Australia Governor Philip Lowe responded to criticism of his closed-door meeting at investment bank Barrenjoey by pledging to avoid events at the firm “for quite some time.”
Adani Power Said to Scrap $850 Million Coal Plant Purchase
Adani Power Ltd. has called off its plan to acquire a coal plant project in central India, according to people familiar with the matter, as billionaire Gautam Adani looks to rein in spending and rebuild investor confidence in the wake of a bruising short seller report.
Australian Job Market Very Tight, Inflation Still Hot, Lowe Says
Australia’s labor market is “still very tight” and price pressures remain surprisingly strong, Reserve Bank Governor Philip Lowe said, making the case for further interest-rate increases.
Indonesia Tech Giant Brings Forward Profit Goal After Job Cuts
Indonesia’s GoTo Group brought forward its profitability targets by a year, joining other Southeast Asian tech giants in wooing investors with promises to reverse losses soon.
Thailand Rules Out Recession Risks After Economy Slumps
Thailand’s economy unexpectedly contracted last quarter tracking a slump in exports, prompting officials to rule out the possibility of a recession this year amid a rebound in tourism.
Credit Suisse Singapore CEO Exits in Latest Asia Departure
Credit Suisse Group AG’s Singapore Chief Executive Officer Chien Chien Wong is leaving the bank, the latest senior departure to hit the embattled Swiss firm.
