Ukraine Recap: Putin Recalls Prigozhin — in Past Tense
Vladimir Putin offered words of appreciation — in the past tense — for Yevgeny Prigozhin, confirming that the leader of the Wagner mercenary group died in a plane crash.
Bloomberg Business
France Extends Coal Plant Waiver Into 2024 to Back Power Supply
France extended a plan that allows electricity producers to burn more coal this winter in order to prevent potential power shortages, but tightened the conditions on when the country’s two coal-fired power plants operate.
Chile Vows Flexibility to Lure Investment Into Lithium Riches
Chile’s left-leaning government vowed to take a pragmatic approach to opening up new areas for lithium mining as it looks to lure investment under its public-private-participation model.
JPMorgan Wins Ruling That Leveraged Loans Are Not Securities
JPMorgan Chase & Co. won a federal appeals court ruling that a $1.8 billion leveraged loan at issue in a court case was not a security, a victory for the banking and private equity industries.
SkyWest’s Pilot-Experience Workaround at Stake as FAA Flags Risk
Devils Lake Regional Airport is partway through a $14.8 million terminal renovation that will double its size and add a boarding bridge to protect travelers from the harsh North Dakota winter. A decision by federal regulators could pose a significant threat to jet service and how many passengers ever set foot in the revised airport.
BRICS Currency Was Never On Table, South African Finance Chief Says
Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South Africa’s finance minister said.
Dropbox Ends Unlimited Cloud Storage Following Google Change
Dropbox Inc., a provider of online data storage, is ending its unlimited option, saying a small handful of customers were using massive amounts of resources that had the potential to degrade the cloud service for the rest of its clients.
Fed Officials Say Rates Close to Peak, More Increases Possible
Two Federal Reserve officials said policymakers may be close to being done with interest-rate increases, but one held back from ruling out further hikes until inflation is more clearly on a downward path.
It’s Wrong to Bet on a ‘Painless Disinflation,’ AQR’s Brooks Says
AQR Capital Management’s Jordan Brooks is issuing a word of warning to those on Wall Street still betting that the Federal Reserve can engineer a “painless disinflation.”
European Gas Prices Slump as Risk of Australian Strike Recedes
European natural gas tumbled on signs that a labor dispute at Australia’s biggest liquefied natural gas export plant will be resolved, easing fears about one out of three possible strikes in the key exporting nation.