South Korea, Saudi to Sign $15.6 Billion in Deals, Yonhap Says
South Korea and Saudi Arabia plan to ink $15.6 billion worth of deals and memorandums of understanding, Yonhap reported, citing the South Korean president’s office.
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Deals Rebound Crashes Into a New World of Risk to End the Year
Just when it looked like Wall Street was seeing a rebound in equity fundraising, bankers and would-be issuers are pumping the brakes.
Swiss Right-Wing Party Set for Big Win in National Election
Switzerland’s anti-immigrant People’s Party is in line to achieve one of its strongest showings ever in national elections, according to projections by the NZZ newspaper.
McConnell Says He’s ‘Completely Recovered’ From Health Issues
Senate Republican leader Mitch McConnell said he’s fully recovered from health issues that led him to freeze in public and he prodded House GOP members to agree on a new speaker to end the paralysis of the US legislative branch.
Will AI Take My Job? Bosses Shouldn’t Only Consider Bottom Line, Says Expert
Five Minutes with Quantitative Futurist Amy Webb on the future of AI, how businesses can leverage the technology, and whether workers should be cowering under their desks.
Central Banks Search for Lessons From the Great Inflation Outbreak
After the most aggressive monetary-tightening campaign in four decades, academics and economic practitioners are running autopsies on what could have prevented the cost-of-living crisis and how to ensure the same mistakes won’t be repeated.
Nigerian Electoral Act Changes Proposed to Increase Transparency
Nigerian lawmakers proposed changes to the country’s electoral law to improve transparency after questions were raised about this year’s elections.
India Says It Ousted Canadian Envoys on Interference Concerns
India said it cut Canada’s diplomatic presence in the country due to concerns about interference in its affairs, as ties between the two sides continue to deteriorate.
Ukraine Recap: Six Dead as Russian Missile Levels Mail Center
Russia launched a missile attack on the village of Novyi Korotych in the Kharkiv region overnight, hitting a distribution facility of Nova Poshta, Ukraine’s largest private mail company. Six people were killed and 17 injured, all Nova Poshta employees, the interior ministry said. Kremlin forces fired eight S-300 missiles and several loitering drones from the north and from Crimea at Kharkiv and other regions. Several were shot down by Ukraine’s air defenses.
Asset Managers Are Updating Bond Models to Capture a New Risk
A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models.