Life isn’t getting easier for the Federal Reserve. US inflation remains way above target, supply blockages show no sign of easing, the labour market is stretched — and the pressure on prices continues to build. Many investors are expecting a faster pace of tightening from the Fed; but overdoing it risks pushing the economy into recession. Striking the right ...

Bloomberg Tesla Inc is calling back its workers in Shanghai to prepare for the initial resumption of production as soon as next week, after a weeks-long suspension because of the city’s strict lockdown to contain the Covid outbreak, people familiar with the matter said. The electric vehicle pioneer told some employees to enter a so-called “closed-loop” production system on April ...

  Bloomberg DiDi Global Inc will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad. The company said in statement it won’t apply to sell shares on any other stock ...

  Bloomberg Hibiscus Petroleum Bhd is considering listing a special purpose acquisition company in Singapore that could raise as much as S$200 million ($147 million), according to people familiar with the matter. The Malaysian independent oil and gas explorer has held talks with potential advisers on the potential Spac initial public offering, said the people, who asked not to be ...

  Bloomberg A group of investors led by BlackRock Real Assets and Mubadala Investment Co infused 40 billion rupees ($525 million) into the renewable energy unit of Tata Power Co, the Mumbai-based company said. The investor group will get about 10.53% stake in Tata Power Renewable Energy Ltd for the funds injected through equity and compulsorily convertible instruments, Tata Power ...

  Bloomberg Protests over land sold for mine expansions in one of India’s top coal regions are hindering efforts to boost production and avoid a repeat of last year’s energy crunch. Residents in the central state of Chhattisgarh, where Coal India Ltd operates some of Asia’s biggest coal mines, have accused the producer of reneging on offers of employment made ...

  Bloomberg When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the audience that crypto investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. ...

Bloomberg Billionaire Roman Abramovich has travelled to Kyiv in a bid to restart peace talks between Russia and Ukraine, which stalled after evidence emerged of Russian atrocities against civilians. Abramovich met with Ukrainian negotiators to discuss ways of reviving the negotiations, according to people with knowledge of the matter. The Russian billionaire, who has longtime ties to President Vladimir Putin, ...

  Bloomberg Australia’s Minister for Foreign Affairs Marise Payne said there are concerns about a “lack of transparency” in relation to the draft security agreement between the Solomon Islands and China. Speaking in a local television interview, Payne said the matter is “something that should be discussed in the broader Pacific Island forum context itself” and that the “Pacific family” ...

  Bloomberg Sri Lanka’s army denied speculation it is planning to crack down on protesters seeking the ouster of President Gotabaya Rajapaksa. In a statement, it termed as “sinister” allegations that troops are training to assault the demonstrators. Soldiers will step in only if the police call on them for assistance, the army said. “Troops as everyone witnessed in the ...