BUSINESS
Treasury selloff sends yields racing past limits of bullish era
With the Federal Reserve poised for an aggressive cycle of interest-rate hikes, 10-year yields have surged to nearly 2.5%, the highest since May 2019 and up more than a full-percentage point since early December
ENVIRONMENT
Kim Stanley Robinson’s guide to keeping the doomsday glacier hanging on
New projections released by the National Oceanic and Atmospheric Administration in the US put minimum sea-level rise at 12 inches within the next 28 years
BUSINESS
A solar microgrid brought power to a remote village, then darkness
In 2017, the national government and Millennium Challenge Corp., a foreign-aid arm of the U.S., began installing micro electric grids to give residents access to a constant electricity flow for the first time.
BUSINESS
High-velocity market swings have roots in economic boom thesis
Stiffening hawkishness at the Federal Reserve started out as a reason to panic in risk markets.
WORLD
Trump holds Georgia rally in effort to retain GOP kingmaker role
Donald Trump held the rally in North Georgia, a Republican bastion, about 70 miles northeast of Atlanta.
WORLD
Biden calls for Putin’s removal in risky escalation over Ukraine
Joe Biden took the stage in Warsaw on March 26 evening to deliver one of the most consequential speeches of his presidency.
BUSINESS
India aviation on growth path as waning covid pain lures fliers
The travel recovery in India has already helped IndiGo, India’s top airline, and SpiceJet Ltd., both of which posted surprise profits in the quarter through December.
BUSINESS
Temasek joining Mohalla funding round at $5 billion value
The Bangalore-based firm is in advanced talks with Singapore state investor Temasek Holdings Pte and Indian digital media group Times Internet Ltd.
BUSINESS
China economy faces worst slowdown since pandemic: Nomura
The slowdown in China’s growth worsened in the first quarter and markets should be concerned about a further slide in the second.
BUSINESS
IPO market plunges 70% as higher rates, war curb risk appetite
About $65 billion has been raised via IPOs around the world in 2022, down 70% from $219 billion in the first three months of last year.
BUSINESS
The future of energy will require bigger sacrifice from citizens
The need for more energy conservation has snowballed. The war in Ukraine is forcing Europe to curb dependence on Russian energy. The post-pandemic economic recovery is creating power shortages in China. The rapid shift to renewables, extreme weather events and sky-high fuel prices are stretching grids from Texas to Pakistan.
BUSINESS
A novel approach to startup recruiting: Lower the stock price
BUSINESS
Sony to unveil PlayStation subscription as soon as next week
The service, which has been in development under the codename Spartacus, is Sony’s answer to Microsoft Corp.’s Xbox Game Pass, a sort of Netflix for video games that has amassed more than 25 million subscribers.
BUSINESS
As BRIC Fund assets collapse, Jim O’Neill Is keeping away
Two of the largest surviving funds, Schroder International Selection Fund - BRIC and Templeton BRIC Fund, started in 2005.
BUSINESS
Apple pays another round of rare $200,000 bonuses to some staff
Apple doled out the bonuses in recent days to a select group of employees in its software and hardware engineering departments.
BONDS
Rhino bond sold by World Bank in first issuance of its kind
The world’s first wildlife bond will be a five-year bond that will pay returns determined by the rate of growth in populations of black rhinos in two South African reserves.
BUSINESS
Germany, US push oil tax cuts that help the Kremlin and punish Ukraine
Countries from the US to Germany to Japan are pushing terrible energy policies. Rather than curbing, governments are boosting demand for fuel
BUSINESS
ESG means no more buying the world a Coke
The stampede of companies out of Russia marks a major change in global capitalism that may not be for the better
BUSINESS
Uber will list New York taxis on its App in new alliance
The ride-hailing giant reached a deal with the New York City Taxi & Limousine Commission’s technology partners, Creative Mobile Technologies and Curb Mobility, the companies said.
WORLD
EU analysis suggests China may send Tech Hardware to help Putin
The EU is concerned that China is ready to help President Vladimir Putin’s government weather the economic penalties it has put in place along with the U.S., the U.K. and Japan.
BUSINESS
Meta trades like value stock after $500 Billion rout
Meta now sells for less than 15 times estimated earnings, making it cheaper than the S&P 500 Value Index of companies.
BUSINESS
The U.S. dollar’s dominance is being stealthily eroded
BUSINESS
Instacart slashes its valuation by almost 40% to $24 billion
Instacart, best known for an app that lets consumers order groceries online from a range of stores, became a designated essential service at the height of the pandemic.
WORLD
Energy consumers pledge ‘Radical’ cutbacks in Russian imports
All of the IEA’s 31 members -- which includes the U.S., Japan and Germany -- outlined individual polices and plans to immediately reduce their intake following Russia’s invasion of Ukraine, Executive Director Fatih Birol said.
