Adani Hires Banks to Hold Investor Calls Amid Debt Turmoil
Adani Group will kick off calls with bondholders Thursday as the beleaguered conglomerate seeks to reassure investors following a plunge in the price of its debt.
Bloomberg Business
ECB’s Lagarde Reaffirms Intention for Half-Point March Hike
President Christine Lagarde reiterated that the European Central Bank intends to raise borrowing costs by another half-point next month.
Lufthansa’s Global Fleet Grounded by Four Snapped Cables
Grounding one of the world’s largest airline fleets took little more than four snapped Internet cables in a sleepy Frankfurt suburb.
SPAC Party Broken Up as New Ventures Slow to a Trickle
The blank-check frenzy that raised more than $245 billion over a two-year stretch has dried up, with just a handful of sponsors pooling investor money in 2023.
US Economy Keeps Charging Ahead, Adding Pressure on Fed to Hike
The US economy showed remarkable resilience at the start of the year, highlighting robust demand that’s keeping inflation elevated and heaping pressure on the Federal Reserve to stomp the brakes even harder.
US Regulatory Curbs Spark $1.4 Billion Slump in Binance-Branded Stablecoin BUSD
A US crackdown on a Binance-branded stablecoin has sparked $1.4 billion in redemptions of the token in a little over two days, according to the coin’s issuer Paxos Trust Co., in the latest shakeup in a tumultuous period for the cryptocurrency sector.
Google Staff in Zurich Stage Walkout Over Job Cuts
About 250 employees from Alphabet Inc. subsidiary Google in Zurich walked out Wednesday to protest the company’s decision last month to cut about 6% of its global workforce.
FTSE 100 Tops 8,000 for First Time on UK Bluechip Comeback
The FTSE 100 Index rose above 8,000 points intraday for the first time, with gains in heavyweights and a drop in sterling boosting the UK’s large-cap stock index on Wednesday.
Winnie-the-Pooh Horror Film Is a Scary Sight for Copyright Holders
English author A.A. Milne’s Winnie-the-Pooh has appeared in dozens of enchanting and wholesome films and radio adaptations since 1926. Winnie-the-Pooh: Blood and Honey isn’t one of them.
Iceland Strikes Threaten Fuel Supplies, Tourism in Capital Area
Strikes by Iceland’s oil truckers and hotel employees threaten to disrupt gasoline supplies in the island’s capital region and may dent its key tourism industry.
