French Nuclear Ramp-Up Aids Europe in Battling Energy Crisis
France is ramping up the availability of its state-owned fleet of nuclear reactors after months of extended outages, in a sign of relief for Europe as it battles a historic energy crisis.
Bloomberg Business
India’s Fallen Tech Darlings Are Value Buys for Franklin Templeton After $20 Billion Wipeout
Franklin Templeton bought shares of some Indian technology startups after concerns over valuations and higher interest rates shaved more than $20 billion in market value from five high-profile recent market debutants.
German Postal Workers Seek 15% Wage Increase as Negotiations Kick Off
Germany’s biggest services union kicked off wage negotiations with Deutsche Post AG on Friday pushing for 15% higher pay for about 160,000 postal workers, a demand the company has turned down as “unrealistic.”
Turkey Closes in on Russia-backed Assad Deal in Blow for US
Turkey, Russia and the United Arab Emirates are redoubling efforts to rehabilitate Syria’s President Bashar al-Assad, and shape the decade-long war in his country to the detriment of US-backed forces.
Shell Says Gas-Trading Earnings Were Higher Despite LNG Woes
Shell Plc said its gas-trading earnings were “significantly higher” in the final three months of 2022 as the unit previously run by the company’s new boss overcame some of the challenges encountered earlier in the year.
Key China Coal Importer Buys Australia Cargoes as Curbs Ease
One of China’s biggest coal importers struck a deal for Australian cargoes and others are already in talks for purchases as curbs on imports from the producer are eased.
China May Ease ‘Three Red Lines’ Property Rules in Big Shift
China is planning to relax restrictions on developer borrowing, dialing back the stringent “three red lines” policy that exacerbated one of the biggest real estate meltdowns in the country’s history.
Swiss Government Agency Wins Rare Trademark Case in Indian Court
Armasuisse, Switzerland’s defense procurement office, won a trademark battle in an Indian court, a rare instance where a federal agency took on a private company in the South Asian nation.
World Food Index Ends Year Where It Began After Dramatic Run
After a year marred by disruptions from the war in Ukraine and extreme weather, global food prices ended 2022 roughly where they started.
Brevan Howard’s Biggest Hedge Funds Gain as Much as 28% in 2022
Brevan Howard Asset Management’s two biggest hedge funds posted double-digit returns last year, joining peers making the most out of soaring interest rates.
