Climate Science in Arctic ‘Broken’ as US and Europe Isolate Russia
Collaboration between Western and Russian scientists stopped after the invasion of Ukraine and is still nearly impossible, putting vital research in jeopardy.
Bloomberg Business
EU Preps for Own Summit to Compete With China Belt and Road
The European Union will host leaders of some 20 countries next week to boost its global infrastructure plan aimed at competing with China in strategic regions, according to people familiar with the matter.
Yuan Traders Fret Over Widest China-US Yield Gap Since 2002
The Chinese yuan is getting little relief from signs of economic recovery as the bond yield gap with the US widens to the most since 2002, sapping the appeal of the nation’s assets.
London Wins Back Europe’s Stock Market Crown From Paris
London has recaptured its crown as Europe’s largest stock market from Paris, lifted by surging crude oil prices.
ECB’s Digital Euro Moves One Step Closer to Becoming Reality
The European Central Bank shifted to the next stage of its digital-euro project — preparing the ground to issue the currency in the coming years, though a final decision has yet to be taken.
Nokia Plans to Cut 14,000 Jobs in Overhaul to Shave Costs
Nokia Oyj plans to cut as many as 14,000 jobs, or 16% of its workforce, as a dearth of investment in fifth-generation mobile infrastructure forces it to take cost-cutting measures.
China to Build Wind Turbines Almost as Tall as the Eiffel Tower
The offshore wind industry reached another size milestone with a top manufacturer announcing plans for a turbine with blades that stretch nearly the height of the Eiffel Tower.
Nestle Works on Products to Complement New Weight-Loss Drugs
Nestle SA is working on products that could complement new weight-loss treatments like Ozempic and Wegovy, which sharply reduce food cravings and have spurred concern that food companies may face a drop in demand.
Russia Foreign Minister Lavrov Vows Support for North Korea
Russian Foreign Minister Sergei Lavrov expressed support for North Korea’s policies in a speech commemorating the 75th anniversary of the establishment of diplomatic ties between Pyongyang and Moscow, according to North Korea’s official Korean Central News Agency.
Traders in India Look to $5 Billion Swap for RBI Bond Sales Clue
Traders in India have been on the edge ever since the central bank announced this month it may sell bonds to manage liquidity, without saying when.
