July 21, 2022, 5:09 a.m. ET July 21, 2022, 5:09 a.m. ET Unlike other monetary policymakers, the officials at the European Central Bank have the extra challenge of setting one policy for many different countries, each with its own fiscal policy, economic outlook and debt level. As the bank tightens its easy-money policies by raising […]
President Vladimir V. Putin of Russia suggested late Tuesday that natural gas would resume flowing to Europe after the Nord Stream 1 pipeline’s maintenance shutdown, but warned that supplies may be severely curtailed. Speaking to reporters in Tehran after meeting with the leaders of Iran and Turkey, Mr. Putin said that shipments via Nord Stream […]
Disaster has been averted at Netflix. The streaming giant said in its earnings report on Tuesday that it lost nearly one million subscribers in the second quarter. That’s the largest subscriber defection in company history, but far short of the two million it forecast during its dismal first quarter report in April. When Netflix announced […]
France plans to pay 9.7 billion euros, about $9.8 billion, to fully renationalize EDF, the state-backed electricity giant, in a move that the government said would allow it to bolster the country’s energy independence, overhaul its nuclear power program and invest in renewables. The French Finance Ministry said on Tuesday that it would offer EDF […]
The board of the Pulitzer Prizes, the most prestigious award in journalism, on Monday rejected an appeal by former President Donald J. Trump to rescind a prize given to The New York Times and The Washington Post for coverage of Russian interference in the 2016 election and Russian ties to Mr. Trump’s campaign and members […]
When Jeff Bezos was chief executive of Amazon, he took an arms-length stance toward the company’s affairs in Washington. He rarely lobbied lawmakers. He testified only once before Congress, under the threat of subpoena. Andy Jassy, Mr. Bezos’ successor, is trying a different approach. Since becoming Amazon’s chief executive last July, Mr. Jassy, 54, has […]
Central bankers around the world are lifting interest rates at an aggressive clip as rapid inflation persists and seeps into a broad array of goods and services, setting the global economy up for a lurch toward more expensive credit, lower stock and bond values and — potentially — a sharp pullback in economic activity. It’s […]
What’s Up? (July 10-16) Twitter Plays Offense In Elon Musk’s saga with Twitter, the end of one chapter is just the start of another. Shortly after signaling that he was backing out of his deal to buy the social media company, Mr. Musk was sued by Twitter. The company accused him of “knowingly, intentionally, willfully […]
This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets. At the root of this torment is a force so elemental that it has almost ceased to warrant mention — the pandemic. That force is far from […]
She felt sympathy for ground-staff workers, she said, but the experience had only confirmed to her that she and her husband had made the right choice to avoid traveling this summer. “Maybe next year,” she said. “Definitely not this year.” Past the security lines, which took about an hour at midday on Wednesday, the crowds […]
