Hilary Soaks California With Flooding Rain and Snarls Flights
The remnants of Tropical Storm Hilary pummeled California with record rains on Monday, disrupting flights but sparing its largest cities from widespread destruction.
Bloomberg Business
JPMorgan Isn’t Taking Any Chances With New EU ESG Rule
The asset management unit of JPMorgan Chase & Co. is breaking away from a number of its peers and voluntarily complying with a new European Union rule that requires fund managers to report their social and environmental impact.
European Gas Hits Two-Month High on Australia Workers’ Ultimatum
European natural gas jumped to a two-month high as workers at export facilities in Australia prepare for strikes that could significantly dent global supplies in the run-up to winter.
Fires, Hurricanes, Dangerous Heat: The US Is Reeling From a String of Disasters
From deadly wildfires to floods, the US is reeling from several natural disasters in quick succession — and more are likely on the way.
Biden Heads to Maui With Over 1,000 Missing Two Weeks After Fire
President Joe Biden aims to showcase federal government support for Maui residents when he visits the fire-stricken island Monday amid criticism of his response to the historic disaster.
Sculptor CEO Levin’s Pay Will Be Cut Under Rithm Deal Terms
Hedge fund firm Sculptor Capital Management Inc. said its deal to be acquired by Rithm Capital Corp. will cut Chief Executive Officer Jimmy Levin’s pay, a flash point in the long-running dispute between the publicly traded hedge fund firm and its founder.
NYC College Wants to Skip Debt Payments While It Sells Off Part of Campus
The Metropolitan College of New York needs to save itself financially. But first it needs bondholders’ help.
Spanish Football Chief Apologizes After Kissing Footballer
The head of the Spanish football federation has apologized after being criticized for kissing one of the players on the mouth after Spain’s first Women’s World Cup victory.
Trudeau Slams Facebook for Blocking News With Wildfires Raging in Canada
Prime Minister Justin Trudeau criticized Meta Platforms Inc.’s blocking of news content, saying it impedes information sharing during wildfires that have forced tens of thousands of Canadians from their homes.
EDF Warns of French Nuclear Output Cuts in Weekend Heat Wave
Electricite de France SA will probably have to reduce nuclear output over the coming weekend as a heat wave affecting a large part of the country warms rivers used for cooling some of its reactors.
