Only a Recession Can Tame West’s Inflation, Says Adviser to UK Chancellor
Western economies probably can’t escape inflation without a recession because their labor markets remain too tight, said JP Morgan Asset Management strategist Karen Ward.
Bloomberg Business
More US Firms Offer Student Loan Help to Debt-Burdened Grads
With student loan payments set to resume this fall, employers offering help may gain an edge in recruiting soon-to-be graduates.
Apollo.io Is Valued at $1.6 Billion in Sales Tech Financing
Sales technology platform Apollo.io says it has raised $100 million in new financing at a $1.6 billion valuation.
Worst Emerging-Market Selloff in Years Abates on China Measures
The worst August selloff in years for emerging-market assets eased on Tuesday as China continued to drip-feed its stimulus measures.
Russia’s Seaborne Crude Flow Surges to Hit an Eight-Week High
Shipments from Baltic ports climb ahead of an easing of exports curbs
China Distress Mounts as Country Garden Tries to Dodge Default
China is flashing new signs of financial stress almost on a daily basis, with a property giant making fresh efforts to avoid default and a state-run bad debt manager suffering a bond slump on worries about its own health.
States Put New Spin on Pay Gap Laws With Promotion Transparency
Rules will require employees to receive notice on job opportunities.
J-Pop Talent Agency Hid Founder’s Sexual Abuse, Report Finds
Influential J-Pop talent agency Johnny & Associates actively covered up sexual abuse and harassment by the firm’s deceased founder, and its current President Julie Keiko Fujishima should resign, an independent investigation concluded in a report released Tuesday.
ECB Pushes Banks to Take Hit on Loans to Austrian Tycoon Benko’s Business Empire
The European Central Bank is telling several lenders to the businesses of Austrian real estate tycoon Rene Benko to take a financial hit on related exposures, according to people familiar with the matter.
SNBÂ May Hike Rates Next Month Even If ECB Pauses, Credit Suisse Economist Says
The Swiss National Bank could end up hiking interest rates next month to contain inflation even if its counterpart in the euro zone pauses tightening, according to Credit Suisse economist Maxime Botteron.