BUSINESS
Hyundai is catching up with Tesla in the global EV race
The weak Korean currency is helping the carmaker absorb rising battery and component costs
BUSINESS
Global scope of EU’s greenwashing crackdown spooks Wall Street
Bankers complain about extraterritorial extent of the new directive on sustainability reporting
BUSINESS
Investors pivot from value stocks as recession fears ‘haunt’ markets
Asset managers return to expensive growth shares amid shifting views on rates and inflation
BUSINESS
The Fed stares down markets
The Fed is insisting, loudly and repeatedly, that it’s serious about raising interest rates
BUSINESS
Middle East states set for $1.3 trillion oil windfall, IMF says
Bonanza bolsters firepower of Gulf’s sovereign wealth funds
BUSINESS
Quant funds support market rally by ramping up bets on US stocks
These funds have spent tens of billions of dollars on futures, helping push the benchmark S&P 500 and tech-heavy Nasdaq Composite up double-digits from recent lows
BUSINESS
The reinvention of Goldman Sachs: What has David Solomon achieved?
After almost four years in charge, the CEO’s strategy to diversify the bank has not been as transformative as many had hoped
BUSINESS
Anshu Jain, banker, 1963—2022
He spearheaded Deutsche Bank’s attempt to conquer Wall Street and was known for his hard-charging style
BUSINESS
Edward Yardeni writes: Why the Fed might be at ‘neutral’ already on monetary policy
Strong dollar and the unwinding of quantitative easing are equivalent to 1 percentage point rate rise
BUSINESS
A golden age of consumer convenience is passing
The multiyear summer of cheap and easy consumer convenience looks for now to be a thing of the past
BUSINESS
Western sanctions have had ‘limited impact’ on Russian oil output, says IEA
Rerouting of Moscow’s crude to India, China and Turkey has helped offset curbs elsewhere
BUSINESS
Fed’s Mary Daly says it is too early to ‘declare victory’ on inflation fight
San Francisco president points to price rises remaining ‘far too high’ but signals initial support for smaller rate increases
BUSINESS
Social media’s big bet: the shopping revolution will be livestreamed
Internet platforms including TikTok, YouTube and Amazon say the future of retail is live ecommerce, but early experiments in the UK and the US suggest there’s still a long way to go
BUSINESS
Global supply chain pressures are easing — for now
The average cost of taking the standard 40-foot metal box across the world’s oceans is down by about 45 per cent from its peak in the autumn of last year
BUSINESS
Europe can withstand a winter recession
Energy substitution, solidarity and conservation can help overcome the effects of a Russian gas embargo
BUSINESS
Mohamed El-Erian writes: It is too early to declare risk of US recession is over
Rate rises and contraction of the Fed’s balance sheet may still pull the rug from under the economy and markets
BUSINESS
Investors sell stakes in PE/VC funds at a record pace
Pension funds among those that sold $33 billion worth of stakes in private funds in first six months of the year
BUSINESS
The US and China are decoupling, but not as fast as you think
Current hostilities make the narrative credible but the long-term picture is more complicated
BUSINESS
Tim Harford writes: Economists must get more in touch with our feelings
Fund managers missed a trick by taking refuge in cash
BUSINESS
Market rally delivers hard lessons for fund managers
Too much money was tied up in the safe hidey hole of cash before stock prices bounced back
BUSINESS
Cryptocurrencies: Tech companies should follow Tesla’s lead and sell out of bitcoin
Holding reserves in volatile assets is becoming increasingly untenable. So far this year, the crypto market’s value has fallen by more than $1.2 trillion
BUSINESS
Investors grow frustrated with hedge funds after historic losses
Industry is on track to post one of its worst years on record as long-short players struggle
BUSINESS
India could surpass China as world’s biggest minerals buyer, says economist
The real story of emergence and product mix, thinking about the energy stack and about minerals, does become India
BUSINESS
Venture capital’s silent crash: When the tech boom met reality
Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over
