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THE WALL STREET JOURNAL

Supreme Court Puts Limits on EPA in Far-Reaching Decision

The Supreme Court ruled federal regulators exceeded their authority in seeking to limit emissions from coal plants, in a decision that sharply curtails the executive branch’s authority to make policy on a range of issues without congressional direction. The blockbuster ruling is likely to rein in President Biden’s ability to... Read more...

GM Slowly Ramps Up Hummer EV Output

The auto maker has a waiting list of 77,000 prospective buyers, but is making about 12 a day—trailing the pace of similar offerings from Ford and Rivian.... Read more...

Walgreens Profit Shrinks After Opioid Deal, Fewer Vaccinations

The drugstore chain said its quarterly sales fell and earnings plunged as revenue from Covid-19 vaccinations dried up. It also paid out a $683 million opioid settlement.... Read more...

Russian Gas Cuts Push Uniper Into Bailout Talks

The German utility, one of Europe’s largest, said earnings would be hit hard after Russia’s Gazprom slashed natural-gas deliveries via the Nord Stream pipeline.... Read more...

Tencent, ByteDance Implement Fresh Layoffs Amid China's Economic Pains

The latest round of job cuts at Chinese tech giants comes even as Beijing signals an easing of its regulatory campaign against the tech sector.... Read more...

CNBC

FCC authorizes SpaceX to provide mobile Starlink internet service to boats, planes and trucks

The FCC authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk's company to further expand the service.... Read more...

Housing shortage starts easing as listings surge in June

The historic housing shortage brought on by slow construction and strong demand from buyers in the pandemic is finally starting to ease.... Read more...

Walgreens profits squeezed as Covid vaccine wanes, health-care investment rises

The drugstore reiterated its forecast for the year after seeing online purchases jump and retail sales bounce back in the quarter.... Read more...

Captain Minnie Mouse, 'Frozen' and a $5,000 Star Wars cocktail: Disney pins big hopes on new Wish cruise ship

Disney's newest cruise ship sets sail at a time of transition and recovery for the cruise industry, which was battered by the pandemic.... Read more...

Former Apple, JC Penney exec Ron Johnson's Enjoy Technology files for bankruptcy months after it went public

Enjoy Technology, a retail startup founded by Ron Johnson, a former exec of Apple and JC Penney, filed for Chapter 11 bankruptcy protection on Thursday. ... Read more...

FINANCIAL TIMES

UK trade performance falls to worst level on record in first quarter

Official figures corroborate academic studies showing sharp drop in exports since Brexit... Read more...

Negative impact of Brexit is clear, claims EU

Trade between two sides now involves more paperwork and checks, Maroš Šefčovič tells annual forum ... Read more...

UK to suffer high inflation longer than other nations, warns Bailey

Bank of England governor says further rate rises may be needed to curb rapidly rising prices... Read more...

China lured graduate jobseekers into digital espionage

FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40... Read more...

Business leaders need to speak up for democracy

Staying silent might be easier but it could damage both company reputations and the US political economy... Read more...

FORTUNE

A closer look at the 40 housing markets at risk of a 15% to 20% home price decline

“Home prices are already adjusting down, and we could see that continue until consumer confidence and affordability resets,” Ali Wolf, chief economist at Zonda, tells Fortune. ... Read more...

Fortune/Merative 100 Top Hospitals 2022: Community Hospitals

Fortune partnered with Merative on the 2022 ranking of the 100 Top Hospitals in the U.S. ... Read more...

Fortune/Merative 100 Top Hospitals 2022: Teaching Hospitals

Fortune partnered with Merative on the 2022 ranking of the 100 Top Hospitals in the U.S. ... Read more...

Fortune/Merative 100 Top Hospitals 2022: Health Systems

Fortune partnered with Merative on the 2022 ranking of the 100 Top Hospitals and 15 Top Health Systems in the U.S.... Read more...

The 2022 Fortune/Merative 100 Top Hospitals

Fortune and Merative have partnered to rank the best hospitals and health systems in the U.S.... Read more...

FINANCIAL EXPRESS

Personal loans drive credit growth in May

Credit to the services sector accelerated 12.9% in May, compared with a relatively weak 3.4% a year ago, mainly due to improved offtake by non-banking finance companies (NBFC).... Read more...

RBI wary of recast MSME portfolio; Banks’ gross NPAs at 6-year low

A stress test by the RBI showed state-run banks’ gross npa under the baseline scenario would fall to 7.1% in March next year, from 7.6% in March this year, while for private-sector lenders the share of bad loans may fall to 3% from 3.7% in the same period.... Read more...

Rupee better placed than many other global currencies: Finance minister Nirmala Sitharaman

The RBI has been intervening in the market since the outbreak of the Ukraine war in late February to prevent a sharp depreciation of the rupee. Since February 25, the country’s foreign exchange reserves have dropped by almost $41 billion.... Read more...

Now, Reliance makes F&B foray: To bring UK-based fresh food & coffee chain Pret A Manger to India

“Couple that with the high recall the brand enjoys in the country, it’s undoubtedly a recipe for success,” he added.... Read more...

Services sector needs PLI-like support

Quadrupling services exports over the next 7-8 years to reach a $5-trillion economy is a herculean task and is certainly not achievable unless there is a strategic road map with the right government intervention ... Read more...

FINANCIAL POST

Alabama bond sale for mega prisons falls $200 million short

MONTGOMERY, Ala. (AP) — Alabama officials said Thursday that they will move forward with plans to build two supersize prisons despite a bond sale falling more than $200 million short amid a volatile market and pressure from activists. The Alabama Corrections Institution Finance Authority hoped to sell $725 million in... Read more...

The Limestone Boat Company Announces Approval of Stock Option Grants

COLLINGWOOD, Ontario, June 30, 2022 (GLOBE NEWSWIRE) — The Limestone Boat Company (the “Company”) (TSXV: BOAT | OTCQB: LMSBF) – owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats – announced today that its board of directors has approved the grant of an aggregate of 4,745,000 stock options (each,... Read more...

U.S. approves SpaceX’s Starlink internet for use with ships, boats, planes

WASHINGTON — The U.S. Federal Communications Commission on Thursday authorized Elon Musk’s SpaceX to use its Starlink satellite internet network with moving vehicles, green-lighting the company’s plan to expand broadband offerings to commercial airlines, shipping vessels and trucks. Starlink, a fast-growing constellation of internet-beaming satellites in orbit, has long sought... Read more...

Else Announces Voting Results from Annual General Meeting of Shareholders

VANCOUVER, British Columbia, June 30, 2022 (GLOBE NEWSWIRE) — ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) (the “Company”) is pleased to announce that at its annual general meeting of the shareholders held on June 30, 2022 all resolutions put to the shareholders were passed. At the meeting,... Read more...

U.S. FDA to use existing Omicron booster data to review shots targeting new subvariants -official

NEW YORK — U.S. health regulators will not require companies to submit new clinical trial data on COVID-19 vaccines that target the now dominant BA.4 and BA.5 Omicron subvariants to authorize those shots, but will instead rely on studies showing the efficacy of targeting the earlier BA.1 subvariant, a top... Read more...

Moneyweb

SA’s worst week of load shedding to hit economy hard

Stage 6 weighs on the JSE and the rand.... Read more...

Business succession planning: Why buy-and-sell cover could be a lifesaver

Devon Card of Crue Invest discusses how this insurance works, what should be included in agreements, tax implications, and benefits for shareholders and co-owners' dependants.... Read more...

Sibanye-Stillwater expects to recover from headwinds

Share price has fallen 46% since its recent high, but seems to have found some support.... Read more...

Eastern Cape gets export boost from Transnet’s R9bn ports investment

Automotive growth and exports is core to transformation, localisation and job creation in the impoverished province: Eastern Cape stakeholder.... Read more...

US charges Johann Steynberg and MTI with defrauding 23 000 US investors

Potentially opening the door to a three-way tussle between SA, the US and Brazil to see who gets the former CEO.... Read more...

strategy+business

Thinking through the ethics of corporate journalism--before there's a problem

For the second year in a row, corporate content beat traditional information sources, such as media and government, as the most trusted news source in the Edelman Trust Barometer. A recent PwC survey yielded similar results, with 63% of consumers saying they have trust in US companies. But... Read more...

Mining the (clean energy) gap

We may indeed need less coal in the future to create electricity. But the often-overlooked reality is that the shift to net zero will require more mining, not less. The low-emission energy systems of the future--solar and wind power, electric vehicles, and grid-scale batteries--will be highly material-intensive. ... Read more...

The hidden costs of the middleman economy

Tom Ehrenfeld reviews Direct: The Rise of the Middleman Economy and the Power of Going to the Source, by Kathryn Judge, and discusses the nascent threat that, she argues, middlemen play in today's economy.... Read more...

Pedal to the metal

In this roundup of recent insights from PwC thought leaders, Daniel Gross sees a clear message to companies and governments that are skittish about decarbonization in the face of new global uncertainty: this is no time to take your foot off the gas.... Read more...

To improve management, build a decision factory

In their new book, Decision Leadership, professors Don A. Moore and Max H. Bazerman peg leadership success to the ability to make better decisions throughout the organization. To help companies develop this capability, they weave together the various threads of behavioral economics and translate them into practical... Read more...

BUSINESS DAILY

MTN appoints Safaricom's Sylvia Mulinge as Uganda CEO

Sylvia Mulinge is the latest high-profile Safaricom executive to leave the firm.... Read more...

Stanchart picks 10 female-led startups for funding

Standard Chartered Bank has picked 10 female-led startups for Sh1 million seed funding and...... Read more...

Inflation rises to 58-month high as goods prices soar

June inflation has breached the government’s upper limit target for the first time since August...... Read more...

EU seeks deal on ground-breaking rules to regulate crypto

Globally, crypto assets are largely unregulated, with national operators in the EU only...... Read more...

Treasury shuns law set to control goods prices

The Treasury will not invoke the law that allows the government to control the prices of...... Read more...
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