June, 2022

• 6 June

  Starbucks to reopen its Shanghai stores

    Bloomberg Starbucks said it’s reopening its stores in Shanghai after a wave of Covid-19 infections and government lockdowns hurt its business in key Chinese market. The Seattle-based company has reopened 600 of its 940 stores in the city, a spokeswoman said by email. Starbucks is moving quickly to restart business there on just the third day of Shanghai’s official ...

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• 6 June

  Russia strikes Kyiv for first time since April

  

  Bloomberg Several explosions took place in the Ukrainian capital on Sunday with no casualties reported, Kyiv authorities said, while air defense forces shot down another Russian missile in the region. Kyiv was last struck around the end of April. The situation in the eastern Luhansk region, where Russian troops continue to storm the city of Sievierodonetsk, remains “extremely difficult,” Governor ...

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• 6 June

  Johnson takes Tories to heavy loss in ‘election’

  

  Bloomberg Boris Johnson’s Conservative Party is heading for a thumping defeat in this month’s special election in Wakefield, according to a poll published in the Sunday Times, a result that would heighten speculation over the prime minister’s long-term future. According to a JL Partners survey of 501 adults in Wakefield, the main opposition Labour Party has 48% support. Wakefield in ...

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• 6 June

  Colombia’s Gustavo Petro retakes lead in presidential race

  

  Bloomberg Leftist candidate Gustavo Petro retook the lead in Colombia’s presidential election race, according to a Centro Nacional de Consultoria poll published by Semana magazine. Petro had 44.9% support compared to 41% for construction magnate Rodolfo Hernandez, the survey found. The poll of 2,172 people was conducted between May 31 and June 2 and has a margin of error of ...

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• 6 June

  Denmark’s PM says she’s open to grand coalition

  

  Bloomberg Denmark’s prime minister said she’s open to a grand coalition that would include her political rivals in what would be the first such move in the Nordic country in more than four decades. Mette Frederiksen said the Covid-19 crisis and the war in Ukraine had made her back the idea because the government and the opposition have worked closely ...

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• 6 June

  Capitol riot apologists go unpunished as memories of January 6 horror fade

  

  Bloomberg The deadly assault on the US Capitol on January 6, 2021 shocked viewers watching live around the world and, at least in the moment, infuriated Republican congressional leaders who fulminated among themselves against the role Donald Trump and his allies played in egging on the rioters. But the short-lived horror over the worst attack on the seat of US ...

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• 6 June

  Mexico’s ruling party to expand its power in polls

    Bloomberg Mexico’s ruling Morena party is projected to expand its power further beyond President Andres Manuel Lopez Obrador’s traditional southern strongholds in gubernatorial elections, winning four of six elections in states it doesn’t currently control. The election is a litmus test of Lopez Obrador’s support after three and a half years of rule, and of the strength of opposition ...

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• 5 June

  China raises pressure on banks to help developers

  

    Bloomberg Chinese banks are facing growing pressure to support cash-strapped developers after months of pleas by regulators failed to boost lending to the industry. Local branches at the People’s Bank of China (PBOC) have called for meetings with banks in multiple cities since last week to assess why loans have slowed, along with the difficulties faced by banks and ...

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• 5 June

  Deutsche Bank plans multi-strategy push into private credit

  

    Bloomberg Deutsche Bank AG is planning a fresh push into private credit across a range of strategies, according to people familiar with the plans. The plans include raising money from external investors to expand its offering in the $1.2 trillion market. The lender is seeking to raise about 2 billion euros ($2.14 billion) initially from new and existing investors ...

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• 5 June

  Canadian banks issue flurry of bonds as stagflation fears mount

  

    Bloomberg Canadian banks have already raised more cash in bond markets than in the whole of 2021 as jitters about the global economy and conditions in the financial markets run high. With almost seven months to go in 2022, Canadian bank sales of corporate bonds in the domestic and international markets are close to C$168 billion dollars ($133.6 billion) ...

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