Health Officials Warn of New, Highly-Mutated Covid Strain
A new Covid-19 lineage is being monitored by global health officials due to its large number of mutations that could make it tougher to prevent and treat.
Bloomberg Business
Pagliuca Says Saudi Arabia Spending Will Disrupt Premier League
US investor Stephen Pagliuca said Saudi Arabia’s investment in European football has the potential to significantly disrupt the English Premier League — at present the richest in the sport.
Anti-ESG Sentiment Forces Borrowers to be More Thorough, Morgan Stanley Says
The US backlash against investment strategies that incorporate environmental, social and governance issues is forcing borrowers to be more thorough when labeling bonds, a positive development for the $6 trillion ethical debt market, according to Morgan Stanley.
Bank of America’s $580 Million Renewable Tax Credit Deal Is One of Many
After striking a first-of-its-kind deal to buy renewable energy tax credits, Bank of America Corp. is carving out a role as broker for the incentives under a plan that gives firms tax breaks for financing clean-power projects.
BofA’s Hartnett Sees S&P Retesting 4,200 as China Woes Grow
US stocks could drop another 4% as the economic turmoil in China spooks global investors and bond yields surge, according to Bank of America Corp.’s Michael Hartnett.
Country Garden to Be Cut From Hong Kong’s Hang Seng Index
Country Garden Holdings Co. will be removed from Hong Kong’s benchmark Hang Seng Index, while Sinopharm Group Co. will be added, according to a statement Friday.
Abramovich Ally Shvidler Loses Bid to Challenge UK Sanctions Regime
Billionaire Eugene Shvidler has lost a bid to challenge the UK’s sanction regime, the first to be scrutinized by a British judge since Russia’s invasion of Ukraine.
Hawaii Governor Says ‘Tricky’ to Stop Outsiders Buying Land
Hawaii’s governor conceded it would be tough to stop outsiders from buying up land on Maui, despite his concerns that thousands could be permanently displaced following last week’s devastating wildfires.
Sweden Landlord Heimstaden Mulls Rights Issue to Save Rating
One of the biggest residential property companies in Europe has adjusted its financial policy and is considering raising fresh capital to defend its investment-grade credit rating.
Mounting Union Wage Demands Risk Impeding Canada’s Inflation Fight
Wages negotiated by union workers in Canada are creeping higher, complicating the central bank’s bid to restore price stability.
