Ukraine Latest: G-7 Pledge Ukraine Aid As Ruble Hits 7-Year High

Ukraine Latest: G-7 Pledge Ukraine Aid As Ruble Hits 7-Year High

The ruble surged to the highest level in seven years against the euro. .

Cracks in US Economy Start to Show as Recession Warnings Mount

Cracks in US Economy Start to Show as Recession Warnings Mount

“I do not think you can have a completely benign soft landing of the economy at this point,” where inflation comes down but unemployment does not go up, said Ethan Harris, head of global economics research at Bank of America Corp. “We’re either going to have a weak economy or a recession.” .

This Is How China Rounds Up Thousands Of People For Quarantine

This Is How China Rounds Up Thousands Of People For Quarantine

Residents of Liuanzhuang village in northern Tianjin were ordered on Monday to pack their belongings and prepare to be transported into isolation centers, a voice can be heard saying over a loudspeaker in one of the videos, after dozens of Covid-19 cases were detected in their district. Footage shared on social media networks like Weibo … Read more

Ukraine Latest: Putin Sees EU Energy Plans as Economic ‘Suicide’

Ukraine Latest: Putin Sees EU Energy Plans as Economic ‘Suicide’

Ukraine said that it will seek a prisoner swap after over 200 Ukrainian fighters exited the Mariupol steel plant for Russia. .

Adani Nears $ 10 Billion Deal for Holcim India Business

Adani Nears $ 10 Billion Deal for Holcim India Business

Switzerland-based Holcim has recently been selling off non-core assets, divesting its Brazilian unit for $ 1 billion in September and planning to offload its business in Zimbabwe. Meanwhile, the company agreed to buy Malarkey Roofing Products in December and Firestone Building Products in early 2021, as Chief Executive Officer Jan Jenisch adds new construction businesses … Read more

Holcim to Sell India Business to Adani in $ 10 Billion Deal

Holcim to Sell India Business to Adani in $ 10 Billion Deal

Holcim’s sale of its Indian business, which is subject to local regulatory approvals, is expected to close in the second half of 2022, helped by the fact that Adani does not have sizable overlap. The company began reviewing new asset sales over the last year after the roofing acquisitions, and concluded negotiations with a handful … Read more

Finland Applies to Join NATO to Deter Russian Aggression

Finland Applies to Join NATO to Deter Russian Aggression

Finland is applying to join NATO’s defense defense to deter potential aggression from Russia as its neighbor wages a full-scale war in Ukraine. The formal decision was taken on Sunday and requires sign-off by parliament, President Sauli Niinisto said at a press conference in Helsinki. It comes just days after Niinisto and Prime Minister Sanna … Read more

Why This Fund Manager Paid $ 15 Million for a Painting Estimated at $ 200,000

Why This Fund Manager Paid $ 15 Million for a Painting Estimated at $ 200,000

(Bloomberg) – The Houston-based hedge fund manager Bill Perkins walked into Christie’s on Thursday night, May 12, planning to spend $ 2 million. An hour or so later, he left having spent $ 15,275,000. “The plans went awry, to put it mildly,” he says, speaking the next day. “I was shocked, but I knew it … Read more

World’s Richest Family Bet on Munis, Japanese Stocks, Coinbase

World’s Richest Family Bet on Munis, Japanese Stocks, Coinbase

The firm, which oversees money for the world’s wealthiest family, added 3.9 million shares of the iShares MSCI Japan ETF worth about $ 239.3 million, its biggest new stake and its fifth-largest overall. WIT also bought about $ 150 million in small-cap stocks through new positions in Vanguard and iShares index funds. The largest holding … Read more