Nov 29, 2023

Air Astana to Hire Advisers for London IPO in Early 2024 Prosus-Backed PayU’s India Unit Seeks IPO Within Next 12 Months LetterOne Tycoon German Khan Loses Challenge to EU Sanctions Germany Risks €24 Billion Budget Hole, Lawmaker Says Swedish Economy in Recession as Consumers Tighten Purse Strings Bugatti, Ferrari, Mercedes Are the Most Expensive Classic Cars of 2023 Honda to Invest $3.4 Billion in Electric Motorcycles by 2030 South African Export Coal Rail Deliveries Face Sixth Annual Drop Philips Sleep Apnea Machine Safety Fears Grow; Shares Slump Kenya Abandons Eurobond Plan in Change of Funding Strategy SocGen Downgrades India And Indonesia Stocks on Election Risks Gold Hits Six-Month High as Fed’s Rate-Cut Momentum Swells Disney Launches World’s First ‘Zootopia’ Themed Land in China Israel-Hamas Truce Enters Final Day As Talks Drag Over Extension Hong Kong Billionaire Cheng Family’s Succession Under Spotlight Copper Hits 10-Week High as Mine Closure Points to Supply Risks Foreign Buying at Four-Year High Helps Fuel Pakistan Stock Rally Nomura Eyes Extra $100 Million Cost Cuts in Wholesale Banking Ferrovial Sells $3 Billion Heathrow Stake to Ardian, Saudi Fund Germany Risks €24 Billion Budget Hole, Lawmaker Says South African Export Coal Rail Deliveries Face Sixth Annual Drop Kenya Abandons Eurobond Plan in Change of Funding Strategy Gold Hits Six-Month High as Fed’s Rate-Cut Momentum Swells Copper Hits 10-Week High as Mine Closure Points to Supply Risks Dollar Weakens, Treasuries Rally on Fed Pivot Bets: Markets Wrap Spanish Inflation Unexpectedly Slows on Fuel, Tourism Costs Ex-Apple AI Scientist Helps Northvolt Speed Up Battery Making Egypt Tourism Chief Shrugs Off War Impact With New Hotel Plans IEA Says Energy Efficiency Must Improve Faster to Reach Net Zero Binance’s Reboot Faces Test in Thailand After $4.3 Billion US Fine Oil Extends Climb With OPEC+ Meeting and Weaker Dollar in Focus China EV Maker Nio Signs Battery-Swapping Deal With Geely Green Financing Company IREDA Surges 73% in Mumbai Trading Debut Chinese Oil Refiners Spend Heavily to Tap Clean Energy Boom Nestle Says India and China Are ‘Big Focus’ for Coffee Growth Saudis Forecast to Cut Oil Price to Asia as Competition Heats Up Milei Meets US Officials, IMF in Post-Victory Washington Visit Adelson Family to Buy Sports Team With $2 Billion Share Sale CIB provides $52M loan for Thompson Regional Airport redevelopment in Manitoba P.E.I. utility seeks rate hike for $37M in post-tropical storm Fiona losses Larry Berman on where markets might go in 2024 The Daily Chase: Scotiabank earnings miss Government impersonation, phishing are top financial scams, Interac survey finds Saskatchewan projects $250M deficit in mid-year financial report, expenses up $1.3B Larry Berman on where markets might go in 2024 The Daily Chase: Shopify up after Black Friday Buyer beware: porch piracy set to ramp up with holiday season fast approaching Food inflation: Prices slowed in October but still high Survey says 75% of B.C. 's jobs in next decade will need post-secondary education Manitoba government may push back promise to freeze hydroelectric rates Canadians look for Black Friday deals but plan to spend less: Deloitte Canada Economists react to 'blowout' retail sales figures Canada retail sales jump 0.8% in sharp spending rebound The Daily Chase: Retail sales jump as Black Friday kicks off 'A long time coming': Ottawa looks at requiring corporate climate disclosures Economic impact of U.S. border incident 'could have been so much worse': Niagara Falls mayor The Daily Chase: Investors brace for bank earnings Germany Risks €24 Billion Budget Hole, Lawmaker Says Israel-Hamas Truce Enters Final Day As Talks Drag Over Extension ECB’s Guindos Says Using Frozen Assets Could Damage Euro’s Reputation Vietnam Adopts Rule on Global Minimum Tax for Foreign Firms RBNZ Has Good ‘Vibe’ With New Government, Defends Maori Language Biden Attacks Trump, Treating Him as De Facto Republican Nominee George Santos Faces Third House Expulsion Vote A Master of One-Liners: Munger on Politics, Life and Crypto China Backs Off Trade ‘Coercion’ Against Lithuania, Envoy Says UK’s Fuel Poverty to Grip Over 20% of Households, Charity Says Lawmakers Say UK Too Reliant on Markets to Tackle Climate Crisis Meta Tells US Officials 2024 Plan Will Look Like Past Elections Japan Fears Trucking Crisis as Overtime Clampdown Looms US Weighing Reprieve for Automakers on Electric Vehicle Tax Credits Deutsche Bank Executive Testifies Loan to Trump Wasn’t Unusual Group Tied to Supreme Court Patron Leo Pours $103 Million Into Conservative Causes Milei’s Conversion to Judaism Seals Pro-Israel Push by Argentina Rosalynn Carter Honored by Bidens, Clintons and Husband Jimmy at Funeral UK-Led Group to Deploy Ships to Baltic Sea After Pipeline Damage Honda to Invest $3.4 Billion in Electric Motorcycles by 2030 Philips Sleep Apnea Machine Safety Fears Grow; Shares Slump Sequoia-Backed Mobikwik Said to Pick Banks for $84 Million IPO Ex-Apple AI Scientist Helps Northvolt Speed Up Battery Making Public Debt Markets Just Got Their First Cyber-Catastrophe Bond Prosus Sees E-Commerce Business Profit Sooner-Than-Expected Ailing Crypto Firm Zipmex Makes Another Attempt at Restructuring Jack Ma Asks Alibaba to ‘Change’ and Praises PDD in Rare Memo Xiaomi Billionaire Gifts Record $182 Million to China University Binance’s Reboot Faces Test in Thailand After $4.3 Billion US Fine China EV Maker Nio Signs Battery-Swapping Deal With Geely Okta Says Hackers Stole Data for All Customer Support Users Vietnam Adopts Rule on Global Minimum Tax for Foreign Firms Didi Blames Software for Outage That Shook Chinese Commuters Top-Performing China Fund With 57% Gain Won Big With Bet on PDD House Prepares to Drop China Investment Curbs From Defense Bill Early Xiaomi Backer to Surpass Funding Goal in Major China Test A Master of One-Liners: Munger on Politics, Life and Crypto Hit App Temu Weighs Super Bowl Return as Shein Rivalry Heats Up The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. First Asia ETF Tracking Saudi Arabian Stocks Debuts in Hong Kong Gold, Copper Climb as Fedspeak Boosts Bets on Interest-Rate Cuts Bitcoin Retakes $38,000 While Rate Cut Expectations Increase Shorting Volatility, Buying Bitcoin Are 2023’s Surprise Winners Wall Street’s $300 Billion Middleman Rides Model-Portfolio Boom China Remains Risk for EM Equity Rally Driven by Earnings, Flows Meme-Stock ETF Shuts After Failing to Attract Day Traders Bitcoin ETF Optimism Spurs Largest Asset Inflows Since Late 2021 Traders Buy Argentina ETF at Fastest Pace in Almost a Decade Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires Green Stock Selloff Deepens as Tesla Sentiment Sours Circle, Japan’s SBI Enter Pact to Spur Stablecoin USDC Usage Wall Street Throws Caution to the Wind to Keep Up With Stock Rally USO Oil ETF Sees Biggest Outflow Since 2016 Ahead of OPEC+ Talks Climate Funds Look to Regain Footing After Three Down Years BlackRock’s Top European Credit ETF Sees Inflows Surge Chinese City Cracks Down on Stock Market Rumors Amid Slump New ETF Tracks Developers of Obesity Drugs Amid Ozempic Hype Crypto Market Is Just Fine With a $4 Billion Penalty for Binance World Series breakthrough for teams’ business Shane Pinto suspension the result of a regulated gambling market that works, say industry insiders Canadian Football League fanatics fuel financials What’s next for private equity investment in professional sports? Canada’s Davis Cup team finding love Impact of Jersey Ads on the NHL Promising Puck Drop for PWHL Betting on Women's Sports is on the Rise NHL expands market to Oz ‘Tis the Season for Selling Sports Books Television deals, ratings generate record-setting NFL revenue Playing for global basketball and sponsorship glory Awareness still at disadvantage in decades-long battle for tennis pay equity FanDuel, Rivalry deliver something new for betting customers Corporations considering Canadian cricket Stephanie Bodoni, Bloomberg News German Khan Photographer: Andrey Rudakov/Bloomberg , Bloomberg (Bloomberg) -- German Khan, co-founder of investment firm LetterOne, lost a court fight against European Union sanctions over his alleged close ties to President Vladimir Putin and influential roles in Russia. The EU General Court dismissed his challenge in a ruling in Luxembourg on Wednesday. Khan is mostly known for his Luxembourg-based LetterOne, started in 2013 with partners Mikhail Fridman, Alexey Kuzmichev and Petr Aven — all of whom resigned from the board after getting sanctioned in March 2022. Khan was added to the EU’s sanctions list for his role in Alfa Group, which controls Russia’s largest retailer and private bank, together with his partners. The EU said that Khan “maintains a close relationship” with Putin and “continues to trade significant favors with him,” adding that the group’s owners also got “business and legal benefits out of this relationship.” Read More: Sanctions Pull Russian Billionaires Tighter Into Putin’s Embrace The EU has targeted almost 1,800 people and entities since Russia’s attacks on Ukraine, starting with its annexation of Crimea in 2014 and followed by its invasion of the country in February last year. EU court appeals over sanctions can last years and seldom result in victory. Former Ukraine president Viktor Yanukovych and his son remain on the EU’s sanctions list since 2014, even after winning several court appeals. The cases are: T-333/22 Khan v. Council; ©2023 Bloomberg L.P.