Eduardo Saverin’s B Capital Raises $2.1 Billion
B Capital Group, the venture capital firm of Facebook co-founder Eduardo Saverin, has raised $2.1 billion for its latest fund and related vehicles.
Bloomberg Business
European Gas Prices Drop as Storage Helps Offset Russian Curbs
European natural gas prices declined as ample inventories and tanker-borne fuel help offset lower supplies from Russia.
Unilever’s Indian Arm Posts 12% Profit Gain, Hikes Royalties
Unilever Plc’s Indian unit reported a 12% increase in quarterly profit as declining prices of key raw materials, including palm oil, boosted the consumer goods giant. It also raised royalties to its European parent.
Taiwan Premier Resigns Leaving Tsai With Key Cabinet Decision
Taiwan’s Premier Su Tseng-chang has tendered his resignation, leaving President Tsai Ing-wen to make a crucial appointment for the ruling Democratic Progressive Party as it seeks an unprecedented third straight term in power in next year’s presidential election.
BOE Says Banks Most Wary Since Financial Crisis About Lending to Households
UK banks are more hesitant about lending to households than at any point since the financial crisis more than a decade ago, the Bank of England said in figures that underscore the growing risks for the economy.
Google Fails to Win Suspension of $160 Million Fine in India
Alphabet Inc.’s Google failed to avert a 13 billion-rupee ($160 million) fine in an appeal to India’s Supreme Court in an antitrust case, which charged the company with abusing its dominant market position for its Android mobile operating system.
Startup Workers’ Dreams of Big Payouts Are Put On Hold
The tech downturn is changing the calculus of startup compensation.
Americanas May File For Bankruptcy Protection Within ‘Hours’
Americanas SA, the Brazilian retailer backed by billionaire Jorge Paulo Lemann, said it may file for bankruptcy protection “in the next few hours” as its cash position evaporated to just 800 million reais ($154 million).
JPMorgan’s Dimon Says US Shouldn’t ‘Play Games’ on Debt Ceiling
Jamie Dimon said the government shouldn’t play games with the debt ceiling, amid a standoff among Republicans and Democrats as the clock ticks on the borrowing cap.
Swiss House Prices Drop as Global Trend Reaches Booming Market
Prices for Swiss single family homes fell for the first time since before the pandemic, raising the prospect that a market that has boomed for decades may be turning.
