Bloomberg Business

GGV Capital to Split Into Two Firms, Following Sequoia

Venture investment firm GGV Capital is splitting into two independent businesses focused on Asia and the US, following a similar move by Sequoia Capital during mounting geopolitical tensions between the world’s two superpowers.

Biden Says GOP Under Trump ‘Gutted’ US Immigration System

President Joe Biden lambasted Republicans over the migration crisis, saying they gutted the immigration system during Donald Trump’s presidency and have since failed to provide him with necessary funding to address the situation.

Biden Tells Zelenskiy He’s ‘Determined’ to Get More War Aid

President Joe Biden vowed continued support for Ukraine as he met with President Volodymyr Zelenskiy at the White House amid concern that the country’s slow counteroffensive and opposition among conservative Republicans could threaten additional military assistance.

ECB’s Lane Says Rates Will Be Restrictive as Long as Necessary

European Central Bank Chief Economist Philip Lane said interest rates have reached a level that could help inflation return to target if held for a sufficient amount of time, but stressed officials will be data dependent when assessing the restrictiveness of policy.

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