The World’s Love Affair With Japanese Cars Is Souring

Toyota’s pursuit of hydrogen fuel-cell vehicles is backed by the country’s trade ministry, which believes that hydrogen is key to achieving net-zero emissions by 2050. The government said in June that by 2035 all cars sold should be “so-called electric-powered vehicles,” with the proviso that hybrids are included.  Japan’s automakers and government leaders have been reluctant … Read more

Fertilizer Prices Fall to Lowest in 19 Months as Gas Drops

Fertilizer granules at the Nitrogenmuvek Zrt. fertilizer plant in Petfurdo, Hungary, on Friday, Dec. 2, 2022. Hungary’s only nitrogen fertilizer maker resumed full production last month as gas prices eased, but warned that potential disruptions next year could threaten crop yields. Photographer: Akos Stiller/Bloomberg

Ferns Estates and Developers setting up resorts in Coorg, Chikballapur

Bengaluru-based real estate company, Ferns Estates and Developers, which has entered the luxury hospitality business, is establishing properties that are close to nature and easy to reach. The company estimates revenue of Rs 363 crore in five years from the hospitality segment alone, according to Errol Fernandes, CMD, Ferns Estates and Developers. “We started our … Read more

Gold Rises on China’s Covid Shift, Signs of Cooler US Inflation

Two hundred and fifty gram gold bars arranged at Gold Investments Ltd. bullion dealers in London, U.K., on Thursday, March 17, 2022. Gold rose for a second day as investors weigh the trajectory of the Federal Reserve’s rates tightening cycle against risks to growth from the war in Ukraine. Photographer: Chris Ratcliffe/Bloomberg

Putin Says Russia Remains Ready to Negotiate

(Bloomberg) — With Russia’s invasion now into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,” Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,” he added. 

Zelenskiy Says Bracing for Russia’s Next Move

Ukraine’s troops continue to repel Russia’s attacks in the eastern Donetsk and Luhansk regions. Over the past 24 hours, Russia’s troops carried out three missile- and 10 air-strikes, including on civilian infrastructure in Donetsk region, according to Ukraine’s Military Staff. On top of that, Kremlin troops launched 62 attacks by multiple rocket launchers, causing damage … Read more

Putin Pledges Unlimited Spending to Ensure Victory in Ukraine

Russia should expand its armed forces to 1.5 million troops from the current 1.15 million to ensure its security, Defense Minister Sergei Shoigu told Putin. The total should include 695,000 professional contract soldiers, he said, without explaining where the additional recruits would be found.

EU Sets Gas-Price Cap at €180 in Effort to Stem Crisis

The deal essentially settles what has been one of the EU’s biggest disputes over energy policy since the crisis began. A group of nations led by Germany — the bloc’s largest economy — the Netherlands and Denmark were calling for a cautious approach to avoid too much market intervention. Meanwhile, a faction including Belgium, Italy, … Read more

After This Year’s IPO Slump, Bankers Are Wary of 2023 Relief

Initial public offerings are heading for their longest drought since the global financial crisis —  and bankers don’t expect a revival anytime soon.  A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals in … Read more