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German Business Is Tangled in Red Tape
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Cold snap causes “great damage” to German vineyards
Yahoo News - World - Germany -
German unemployed rate remains at 6% in April
Yahoo News - World - Germany -
Top UN court rejects Nicaragua’s call to block German support for Israel
Latin American country had sought interim restrictions on military and financial support over war in GazaFinancial Times - World - Israel -
How Business Leaders Could Address Antisemitism on Campus
Business executives who are concerned about antisemitism on college campuses have other options for influencing the schools’ actions, Andrew Ross Sorkin writes.The New York Times - Business -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
PG&E Nears Deal With KKR for Stake in Power Business Spinoff
The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.The Wall Street Journal - World -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
PG&E Nears Deal With KKR for Stake in Power Business Spinoff
The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.The Wall Street Journal - Business -
Japan Tobacco reshapes supply chains to protect Russia business
Cigarette maker’s chief says its four factories and 4,000 workers in the country are operating as usualFinancial Times - Business - Japan -
China Has Crossed Biden's Red Line on Ukraine
The president warned Xi not to provide ‘material support’ to Russia. Will there be consequences?The Wall Street Journal - World
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Tesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.The New York Times - Business - Tesla -
Binance Founder Sentenced to 4 Months in Prison
Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation.The New York Times - Business -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Business -
Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.The New York Times - Business - Europe -
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.The New York Times - Business - Federal Reserve