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Guinea military rulers ban political protests

  Bloomberg Guinea’s military rulers banned all protests in the West African nation, days after announcing a three-year transition to democracy. Opposition political and civil-society groups in the world’s top exporter of bauxite have rejected the timeline, saying that it was adopted without consultation and say they will continue with demonstrations. “Any breach of these guidelines will result in legal ...

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Biden’s midterm hopes bedeviled by ‘economy in distress’

Bloomberg President Joe Biden’s hopes for a political reset have been overwhelmed by an unrelenting series of economic setbacks, adding to the challenges Democrats face as they court exhausted voters ahead of the crucial midterm election in November. US gasoline prices are at historic highs. Inflation in April exceeded consensus forecasts. Technology stocks have plummeted, taking retirement accounts with them. ...

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Global lenders flee the monster SPAC market they helped create

  Bloomberg Just a few years after banks helped create a gargantuan market for blank check companies, they’re pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc is ending its involvement with most of the special purpose acquisition companies it took public and pausing new US SPAC issuance, Bloomberg reported. Bank of America Corp (BofA) scaled back ...

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