Private Credit Shift From Banks Is Here to Stay, BlackRock Says
BlackRock Inc. said “tectonic shifts” are under way in US financial markets that will result in private credit funds financing more businesses while some banks struggle to compete.
Bloomberg Business
Chinese AI Developer Punishes Staff Who Took Long Lunch Breaks
A top Chinese AI developer punished scores of staff who took a longer lunch break than allowed, reviving memories of the relentless work culture that plagued the country’s tech sector years ago.
What’s on the Table for Venezuela’s Deal With the Opposition
Venezuelan officials are expected to announce a preliminary agreement Tuesday that could open the door for sanctions relief in exchange for basic electoral guarantees.
India Plans to Launch Its First Crewed Moon Mission by 2040
India plans to send its first crewed mission to the moon by 2040, building on a successful landing earlier this year.
As City of London Rolls Back Flexible Working, It’s Losing Women
UK lawmakers hear how clamping down on hybrid work is hampering gender equality
Lockheed Martin Aeronautics Revenue Misses Estimates on F-35
Lockheed Martin reported a miss in their aeronautics revenue segment within their third quarter earnings on Tuesday. Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand. Lockheed shares fell 1.9% in premarket trading.
Norway’s $1.4 Trillion Fund Sees More Net Zero Targets Set as Risks Mount
Norway’s $1.4 trillion sovereign wealth fund said more companies are honing emissions targets in response to tighter reporting rules and growing awareness as the climate risk outlook worsens.
Tesco Kickstarts Potential Sale of Banking Arm
Tesco Plc has started the process for a potential sale of its banking arm, according to people familiar with the matter.
Bitcoin’s 10% Jump to $30,000 Hints at Trader ‘Playbook’ for ETF Launches
A brief 10% surge in Bitcoin gave traders a glimpse into the possible impact of a looming US Securities & Exchange Commission decision on whether to allow exchange-traded funds that invest directly in the cryptocurrency.
Lonza Warns of Another Profit Hit on Lower Covid Shot Demand
Lonza Group AG warned it faces another hit to earnings as the Swiss pharmaceutical supplier continues to reel from dwindling demand for Covid vaccines.
