April, 2022

• 4 April

  Germany offers state guarantees to lure buyers for Gazprom unit

  

  Bloomberg Germany is seeking a buyer for Gazprom PJSC’s unit in the country by offering state-backed loans for private companies willing to take parts of or the entire business, according to a person familiar with the matter. The German government is in talks with private buyers interested in Gazprom Germania GmbH or some of its units, which include energy supplier ...

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• 4 April

  Singapore’s N-power goal ‘decades away’

    Bloomberg Singapore’s contemplation of a potential nuclear power plant will depend on next-generation technologies, a move that indicates the goal is still decades away from fruition. The island state says so-called small modular reactors or other next-generation nuclear technology have the potential to be much safer than many of the plants in operation today, Minister of State for Trade ...

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• 4 April

  Russia’s war in Ukraine is a triumph for US in Asia

  

  As the war in Ukraine moves into a second month, its global economic reverberations are increasing. Energy markets, agriculture, bonds, precious metals — all are roiled as the fighting takes its uncertain path. But beyond economics, longer-term geopolitical themes are emerging, as countries are increasingly forced to pick sides for or against Russian President Vladimir Putin. For US strategic planners, ...

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• 4 April

  Singapore lets down mask mandate

  

    It was the first evening of a new, relatively relaxed Covid regime in Singapore for many. Masks ceased to be compulsory outdoors and social gatherings could number 10 people. Singing was no longer outlawed. This was a moment worth toasting, cautiously. While the changes stop short of a revolution — the city-state isn’t known for spontaneous lurches — they ...

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• 4 April

  Slap from the yield curve can’t be ignored

    For the financial world, it hit with much the same violence as Will Smith’s smack to Chris Rock’s face. And it’s dominated discussion to almost the same extent. The topic in question is the yield curve, and its inversion. The spread between two- and 10-year bond yields has long been regarded as a great indicator of an oncoming recession, ...

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• 4 April

  Putin’s warlord doubles down in Ukraine now

    In a war fought over Telegram as well as on Ukraine’s pummeled streets, the country’s actor-turned-president Volodymyr Zelenskiy has excelled. But for over-the-top showmanship, Chechen leader Ramzan Kadyrov and his men have been hard to beat. Kadyrov’s fighters, known as “kadyrovtsy,” have been waging an all-out propaganda war for the TikTok era, attempting to demonstrate their leader’s loyalty to ...

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• 4 April

  Shein’s $100 billion value to top H&M, Zara combined

  

    Bloomberg A Chinese fast-fashion company without a global network of physical stores of its own is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA’s Zara. Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out over 6,000 new items daily, is in ...

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• 4 April

  Ryanair narrows forecast, sees loss of up to $440m

  

  Bloomberg Ryanair Holdings Plc narrowed the range for its annual loss as Europe’s biggest low-cost carrier turns the page on a year disrupted by the coronavirus pandemic. The loss for the year ended on March 31 will be between 350 million euros and 400 million euros ($387 million-$440 million) before special items, the Dublin-based carrier said in a statement. Ryanair ...

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• 4 April

  Nike shows ‘misunderstanding’ of NFTs in lawsuit, says StockX

  

    Bloomberg Sneaker marketplace StockX responded to a trademark-infringement lawsuit from Nike Inc, saying in a court filing that the world’s largest athletic-wear company shows a “fundamental misunderstanding” of nonfungible tokens. In February, Nike filed a complaint in federal court in Manhattan accusing StockX of “blatantly freeriding” on Nike’s trademarks and goodwill with a new service called Vault NFTs. StockX ...

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• 4 April

  Swatch Omega tie-up adds hype to staid watch world

  

    Bloomberg Among the top things that infuriate watch aficionados: replicas, fashion timepieces and battery-powered movements. And yet, the $260 Swatch homage to the Omega Speedmaster that debuted a week ago and caused shopping pandemonium checks all three of those snob boxes, making the collaboration an even more remarkable hit. From London to Berlin to Melbourne, eager consumers snaked around ...

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