ECB’s Lagarde Says Underlying Inflation Pressures Remain Strong
The European Central Bank is ready to act if needed in light of elevated inflation, President Christine Lagarde said.
Bloomberg Business
Tesla Won’t Have a Presence at Next Week’s Auto Show in Shanghai
Tesla Inc. won’t have a presence at next week’s Shanghai auto show, despite a slew of other international carmakers planning on attending and unveiling new models.
Egypt’s Central Banker Explains Policy in Rare Public Appearance
Egypt’s central bank chief said higher interest rates can do little to contain inflation that he described as stoked mainly by supply issues.
Homebuilders Defy Mortgage Slump to Lead Rally in Polish Stocks
Homebuilders have emerged as the best-performing stocks in Poland this year after the government stepped in with subsidies for first-time buyers to revive mortgage lending.
Lufax Ends Higher in Hong Kong Listing Without Raising Funds
Chinese online lender Lufax Holding Ltd., which listed in Hong Kong without raising money, gained on its first trading day.
Moody’s Withdraws Chinese Conglomerate Fosun’s Credit Ratings
Moody’s Investors Service has withdrawn Fosun International Ltd.’s credit ratings, citing insufficient information and months after the Chinese private conglomerate terminated the risk assessor’s services.
What You Need to Know About Misoprostol, Another Drug Used for Abortion
While the fate of mifepristone, also known as the abortion pill, plays out in US courts, health-care providers have another drug they can continue to use to offer medication abortion.
Hermes Sales Jump as China, US Shoppers Snap Up Kelly Bags
Hermes International’s quarterly sales jumped as Chinese shoppers snapped up its pricey scarves and Kelly handbags, fueling optimism the global luxury industry’s top performers will carry on growing despite economic headwinds.
Modi Seeks Action Against Anti-India Elements in Call With Sunak
Indian Prime Minister Narendra Modi urged UK counterpart Rishi Sunak in a call to take “strong action against anti-India elements,” after a Sikh separatist group attacked the country’s embassy in London last month.
Dubai Property Prices Will Continue to Rally This Year, Morgan Stanley Says
Morgan Stanley expects the rally in Dubai’s property prices to continue this year — even after a 20% jump since 2020 — due to cash buyers, yield-hunting investors and the reopening of China.