Germany’s First IPO in Months Disappoints as Ionos Drops
Shares in United Internet AG’s web hosting arm Ionos SE dropped following the company’s debut on the Frankfurt Stock Exchange, the first test of the German exchange this year.
Bloomberg Business
Poland Moves Ahead to Unlock EU Funds With Onshore Wind Bill
Polish lawmakers voted to ease the limits on onshore wind farm development, helping the government reach one of the key milestones needed to access €35.4 billion ($38 billion) in the European Union’s recovery funds.
In the Struggle for Big Oil’s Soul, the American Vision Wins Out
Big Oil is fashionable again in London and Paris.
Deutsche Bank’s Asset Management Arm Eyes Crypto Investments
Deutsche Bank AG’s asset management arm is in talks to invest in two German cryptocurrency firms as part of efforts to revive growth, according to people familiar with the matter.
Putin Likely Armed Rebels Who Downed MH17 Jetliner, Probe Finds
There are “strong indications” that Russian President Vladimir Putin gave the green light to provide Russian separatists in Ukraine with the missiles used to down Malaysia Airlines flight MH17, according to international investigators, who nevertheless decided to suspend their probe into the incident.
Taiwan’s Pineapples Underpin Bill to Give Biden New Trade Tools
A bipartisan pair of senators want to give President Joe Biden a new tool in economic competition with China, allowing him to make agreements outside the normal international trade framework to counter what they term “economic coercion” by US adversaries.
Balenciaga Partners With National Children’s Alliance Following Ad Controversy
Balenciaga said it will partner with the National Children’s Alliance after the fashion brand was accused of sexualizing children in advertising last year.
Biden Team Showed Weakness Over China’s Balloon, GOP’s McCaul Says
Chinese leader Xi Jinping was testing the US by flying a spy balloon over the country, and the Biden administration’s response showed weakness, the Republican leader of the House Foreign Affairs Committee said.
A Gas-Trading Firm Spurned by Goldman Made Over $1 Billion Last Year
A Danish gas and power trading company, bought by Equinor ASA for less than $500 million in 2018 after Goldman Sachs Group Inc. backed out of the bidding, made profits of more than $1 billion last year.
Brookfield Has $90 Billion for Deals After Fundraising Boom
Brookfield Asset Management Ltd.’s earnings rose in the fourth quarter as it wrapped up a record year of fundraising that has given the firm more than $90 billion to invest.
