May, 2022

• 10 May

  Putin’s pariah status isn’t slowing his EU copycats

  

  Vladimir Putin’s assault on Ukraine has focused Europe’s attention on external threats to its security. A potentially more insidious danger exists within, in Europe’s swelling ranks of Putinist far-right personalities and parties. Even though she lost the French elections, Marine Le Pen demonstrated with her unprecedented vote count the growing potency of one of Putin’s chief allies in Europe. Another ...

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• 10 May

  HSBC split is a way to destroy value

  

  East-West relations are a growing problem for HSBC Holdings Plc, the bank with feet planted equally in each hemisphere. U.S.-China tensions have steadily ramped up in recent years. But while geopolitical discord threatens HSBC’s business, splitting the bank into a version of HSBC East and HSBC West — as its largest shareholder, Shenzhen-based Ping An Insurance (Group) Co, has proposed ...

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• 10 May

  During pandemic, CDC stumbled repeatedly

    For many years, the US Centers for Disease Control (CDC) and Prevention was known as the world’s preeminent public-health agency. No longer. During the pandemic, the CDC stumbled repeatedly. Accused of incompetence, overreach and muddled messaging, it is now in need of repair. Director Rochelle Walensky was right to order a review of the agency’s operations in early April. ...

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• 10 May

  Philippines can’t afford to go back to the past

    In 2016, Filipino voters picked a president who will be remembered for his crass pronouncements and a brutal war on drugs. On Monday, if polls would be correct, they are poised to elect the son of the late dictator Ferdinand Marcos. The return of the Marcos clan to the Malacañang Palace may appeal to Filipinos nostalgic for the era ...

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• 10 May

  France’s Macron proposes political union to bring Ukraine, UK close

  

  Bloomberg French President Emmanuel Macron offered a way for Ukraine to work more closely with the European Union, hours after Russia’s Vladimir Putin compared his war with Kyiv to the fight against Nazi Germany. “Ukraine, with its fight and courage, is already a member by heart of our Europe, our family, our union,” Macron told members of the European parliament ...

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• 10 May

  Russian envoy to Poland hit with red paint in war protest

    Bloomberg Russia’s ambassador to Poland, Sergey Andreev, was struck with red paint in Warsaw amid protests opposing the Kremlin’s invasion of Ukraine. Crowds jeered the envoy as he led a Russian delegation to lay flowers at a memorial to Soviet Red Army troops who defeated Nazi Germany in World War II as part of Russia’s May 9 Victory Day ...

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• 10 May

  UK housing market outlook dims on increase in borrowing costs

  

  Bloomberg The UK housing market is braced for headwinds as rising borrowing costs add to the cost-of-living crisis stretching the affordability for property buyers. Mortgage lenders are following the Bank of England (BOE) by raising interest rates from historic lows. That’s making it more expensive to own a home at a time when prices of everything from energy to clothes ...

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• 10 May

  Biden to tout plan offering free internet to millions of homes

  

  Bloomberg Twenty US internet providers have agreed to offer high-speed connections at essentially no cost to millions of low-income households, as part of a program funded by the infrastructure law passed last year. President Joe Biden and Vice President Kamala Harris will announce that 20 companies, including AT&T Inc., Comcast Corp. and Verizon Communications Inc., have agreed to offer high-speed ...

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• 9 May

  Tesla sues engineer over ‘dojo’ supercomputer technology theft

  

  Bloomberg Tesla Inc sued a former engineer claiming he illegally transferred confidential information on its supercomputer technology to his own computer and turned over a “dummy” laptop for inspection to cover up the theft. Tesla is developing an in-house supercomputer, dubbed Project Dojo, to deal with massive amounts of data, including video from Tesla cars, and using it to create ...

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• 9 May

  Canada’s jobless rate hits new low

    Bloomberg Canada’s labour market stalled even as the jobless rate falls to a new record low, hampered by a dearth of new workers. The economy added 15,300 jobs in April, Statistics Canada reported in Ottawa, fewer than half the 40,000 gain anticipated by economists. The small increase ended a surge that saw Canada create about 410,000 jobs over the ...

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