May, 2021

• 26 May

  Bitcoin’s social cost can’t be ignored

  

  As Bitcoin attempts its latest price rebound after a 40% slump in three days, its long-term potential as an investable asset is becoming linked inextricably to its cost for the rest of society. This is increasing the pressure on policy makers to do more. The US Federal Reserve’s Lael Brainard nodded to this, when she warned that a proliferation of ...

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• 26 May

  Should Lukashenko’s aggression be punished

  By intercepting an airliner traveling between two European capitals in order to arrest a critic of his regime, Belarusian dictator Alexander Lukashenko has violated international law and committed an act of aggression against his neighbours. Initial statements from Western leaders have been forceful but insufficient. The EU should take swift action in response — and make clear to Lukashenko’s patron, ...

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• 26 May

  Fed aims to transform funding markets

  A t the highest level, it looks as if the Federal Reserve hasn’t done much of anything for several months. Interest rates remained pinned near zero. Officials insist that any moves higher in inflation are transitory. Asset purchases continue unabated. However, a significant shift appears to be brewing beneath the surface at the central bank that could drastically reshape a ...

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• 26 May

  New Icelandic airline plans June launch after two-year hiatus

  

  Bloomberg Iceland will get a new airline next month as startup Play Air seeks to capitalise on the North Atlantic island’s recovery from the coronavirus crisis and inclusion on the UK’s green list for quarantine-free travel. The launch of flights to seven European cities from June 24 comes almost two years after Play was first conceived as a successor to ...

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• 26 May

  Forever 21 owner Authentic Brands plans IPO this year

  

  Bloomberg Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, is exploring going public as soon as this year, according to people with knowledge of the matter. The New York-based company has held discussions with potential advisers about an initial public offering, the people said, asking not to be identified because the ...

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• 26 May

  Amazon may announce deal to acquire MGM

  Bloomberg Amazon.com Inc was expected to announce an acquisition of the Metro-Goldwyn-Mayer (MGM) movie studio on Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood. Amazon is in talks to pay almost $9 billion for the business, said the person, who asked not to be identified because the deliberations are private. ...

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• 26 May

  Swedish brothers ride oat milk boom to $562m gains

  Bloomberg It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted in New York after raising $1.4 billion in an IPO. The share sale cements the fortunes of one ...

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• 26 May

  Mali vice president fires detained president, PM

  

  Bloomberg Malian Vice President Assimi Goita said he fired the nation’s president and prime minister, hours after the two men were detained by mutinous soldiers. “In light of recent events, I feel obliged to relieve the president and prime minister of their functions to defend the republic,” Goita said in a statement read on state television on Tuesday by Baba ...

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• 26 May

  Biden, Putin to meet in Geneva for first summit on June 16

  

  Bloomberg President Joe Biden will meet Russian President Vladimir Putin in Geneva on June 16, the first summit between the two leaders since the American president took office. “The leaders will discuss the full range of pressing issues, as we seek to restore predictability and stability to the US-Russia relationship,” White House Press Secretary Jen Psaki said in a statement ...

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• 25 May

  India police visit Twitter office after it tagged pro-Modi posts

  Bloomberg Police visited Twitter Inc’s empty offices in India following the company’s decision to label multiple tweets from accounts linked to the country’s ruling party as manipulated media. The unexpected visit happened late Monday after Twitter labelled multiple tweets for violating its synthetic and manipulated media policy, a person familiar with the matter confirmed. The policy forbids users from sharing ...

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