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.
WORLD
Putin stirs U.S. concern that he feels cornered and may lash out
The internal assessment of senior officials, speaking on condition of anonymity, is that Putin’s tendency when boxed in is to escalate rather than back down.
WORLD
Russia-Ukraine War: Putin might be just crazy enough to use nukes
Biden and the NATO allies are realising that nuclear, chemical and biological weapons are not unthinkable.
WORLD
Imran Khan’s fall from grace is his own fault
With his populist bravado and anti-Western rhetoric, the Pakistani prime minister has stumbled into a trap of his own making.
BUSINESS
Edward Johnson III, fund pioneer at Fidelity, dies at 91
He died on March 23 in Florida, according to Fidelity. No cause was given. He was a resident of Wellington, Florida, according to the firm.
BUSINESS
Apple is working on a hardware subscription service for iPhones
The service would be Apple’s biggest push yet into automatically recurring sales, allowing users to subscribe to hardware for the first time -- rather than just digital services.
WORLD
Vladimir Putin’s war seen wiping out 15 years of Russian economic growth
The economy is expected to contract 15 percent in 2022, followed by a decline of 3 percent in 2023, leaving gross domestic product where it was about fifteen years ago, economists Benjamin Hilgenstock and Elina Ribakova wrote in a preliminary assessment of the impact of the war, noting that further sanctions may change their view.
WORLD
US hits Russian lawmakers, defense sector with new sanctions
The United States will impose full blocking sanctions on more than 400 individuals and entities, including the Duma, Russia’s lower house of parliament, and 328 of its members, more than a dozen Russian elites and 48 Russian defense companies.
BUSINESS
A dotcom era pioneer in India readies second startup for an IPO
Mumbai-headquartered Netcore is a software-as-a-service, or SaaS, startup that specializes in offering customer communication and engagement solutions to businesses. It bought about a 90 percent stake in San Mateo, California-based e-commerce search-personalization company Unbxd Inc.
BUSINESS
Sanjiv Goenka Group scouts for Retail, IT sector targets
The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months.
BUSINESS
Are people in finance untrustworthy?
Former Goldman Sachs banker Tim Leissner has been confessing up to an awful lot of dishonest behaviour. Is he an outlier or was his boundary-pushing and lack of trustworthiness just on the extreme end of a financial-industry continuum that includes a lot of other dodgy behaviour?
BUSINESS
NASA to seek a second moon lander, giving Bezos new opening
The National Aeronautics and Space Administration plans to release a draft request for proposals by the end of March for moon lander concepts for missions after the Artemis III program, which aims to bring astronauts to the moon in 2025, the agency announced Wednesday. The initial lunar landings for Artemis will be supported by SpaceX.
BUSINESS
Tencent declares ‘Reckless’ tech era over as growth tanks
Co-founder Pony Ma and President Martin Lau led executives in endorsing Beijing’s year-long crackdown on Big Tech. They pointed out it mirrored a backlash against the enormous power of internet giants globally and argued more regulation will lead to healthier growth in the long run.
BUSINESS
Star chef José Andrés is sending Ibérico Ham into space
Details of the deal with Axiom were not disclosed, but Andrés will be using some of his own products, including his eponymous olive oil from Casas de Hualdo and La Cala almonds, packaged by famed chef Albert Adrià. The food will be thermostabilized to prevent spoilage and make it suitable for space travel.
BUSINESS
Is a new global recession the price for punishing Putin?
The global economy likely won’t be able to avoid a slump, absent a resumption of Russian energy exports this year. Ultimately, that depends on how much pain the US and its partners are prepared to endure to punish the Russian president for his invasion of Ukraine.
BUSINESS
Here’s how Hollywood Is helping Ukraine during Oscars week
Co-host Amy Schumer suggested Ukrainian President Volodymyr Zelenskiy speak at the Oscars. The Academy of Motion Picture Arts & Sciences, which hosts the show, hasn’t publicly commented on her proposal. Other stars are raising money on their own or participating in a telethon to help the Ukrainian people.
