Storm Babet Sparks Red Alert as Scotland Braces for Flooding
Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according to the Met Office.
Bloomberg Top News
American Air Beats for Quarter, Cuts Forecast on Higher Fuel
American Airlines Group Inc. topped Wall Street’s expectations for third-quarter profit even as its forecast for the rest of the year fell short, underscoring the choppy environment as carriers are battered by climbing jet fuel prices.
Currency Fears Stall Argentine Sales of Toilet Paper, Car Parts
Some companies in Argentina are suspending sales ahead of the presidential election Sunday, fearing another major currency devaluation that would wipe out revenue.
Zimbabwe’s Plan to Drop US Dollar in 2025 Seen as Non-Starter
The US dollar will remain the dominant currency in Zimbabwe even after the government’s December 2025 deadline to stop its use in the economy, the country’s largest independent asset manager said.
Israel’s Mission to Befriend Arabs Isn’t Helped by the War
For years, the US has been working with its allies in the Persian Gulf on something that long seemed impossible: normalizing ties with Israel.
Private Credit Managers Seek Retail Investors in Beverly Hills
As some of the largest managers in the $1.5 trillion private credit market gathered for an industry conference in Beverly Hills this week, one question dominated discussions on and off stage: how to convince smaller investors to join in.
Orban’s Putin Meeting Raises Security Worries Among NATO Allies
Hungary’s NATO allies raised security concerns as they condemned Prime Minister Viktor Orban for his meeting with Russian President Vladimir Putin this week, laying bare widening divisions over Budapest’s ties with Moscow.
Blackstone’s Gray Commits to UPenn But Cites Concerns Over Antisemitic Speech
Blackstone Inc. President Jon Gray said he remains committed to funding low-income students and cancer research at the University of Pennsylvania, while acknowledging concerns over antisemitic speech on campus.
US Weighs Leaning on Banks to Curb Hedge Fund Leveraged Trading
Top US regulators are zeroing in on dangers posed by highly leveraged hedge fund trades, and considering options to rein in risks to the broader financial system.
Netflix Gains Most in Nearly Three Years on Subscriber Jump
Netflix Inc. gained the most since January 2021 after posting its best quarter for subscriber growth in years. The company credited a strong programming slate and its crackdown on password sharing.