Capitalize units of measure

By ZEKE MILLER and GEIR MOULSON ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from the Group of Seven summit in Germany underlined their intent to impose “severe and immediate economic costs” on Russia. It left out key details on how fossil fuel price caps would work in practice, setting up more discussion in the weeks ahead to “explore … the feasibility” of measures to bar imports of Russian oil above a certain level. That would hit a key Russian source of income and, in theory, help relieve the energy price spikes and inflation afflicting the global economy as a result of the war. “We remain steadfast in our commitment to our unprecedented coordination on sanctions for as long as necessary, acting in … [Read more...] about G-7 leaders united behind Ukraine, aim at Kremlin oil money

The resignation of Glossier CEO Emily Weiss inspired another wave of obituaries for young, female founders. Nevertheless, they persist—and refuse to be put on glass pedestals again. I n October 2021, Rent the Runway cofounder Jennifer Hyman took her 12-year-old subscription fashion company public at a $1.7 billion valuation, valuing her 5.1% stake at nearly $49 million. The 41-year-old CEO was one of only about 25 American women in history to go public with a company she had founded. But Rent the Runway’s IPO was even more unusual for not only having a female founder but also a female CFO and a female COO. Hyman celebrated the moment on a flowery Nasdaq podium surrounded by the key women on her team, her two daughters and a shower of pink confetti. But for all the femininity on stage, there is one word that Hyman would not use to mark the moment: “Girlboss.” “We've created a false narrative because we looked at two or three examples of women who were building businesses … [Read more...] about Why Female Entrepreneurs Welcome The End Of The Girlboss Era—Once And For All

If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession

Share to Twitter Share to Linkedin Topline The death toll from Russia’s missile strike on a shopping mall in central Ukraine on Monday rose to 18 as rescuers continued to search for dozens of missing individuals on Tuesday after the deadly attack on a civilian site drew a wave of condemnation from both Ukrainian and Western officials. Key Facts Dmytro Lunin, the governor of the Poltava region where the attack took place, confirmed the death toll on Telegram and added that 36 people were missing. In a Facebook post , Ukraine’s State Emergency Service reported that 59 people were injured in the attack, 25 of whom remain in critical condition. In his daily address on Monday night, Ukrainian President Volodymyr Zelensky labeled the Russian strike “one of the most defiant terrorist attacks in European history.” Zelensky said he has appealed to the United States to label Russia a state sponsor of terrorism following this incident and … [Read more...] about At Least 18 Dead After Russian Strike On Ukrainian Mall Decried By Zelensky As ‘Terrorist Attack’

Share to Twitter Share to Linkedin Topline Russia’s Defense Ministry on Tuesday, denied an airstrike Monday that hit a Ukrainian shopping center – and killed at least 18 people – claiming the attack instead struck a weapons depot filled with U.S. and European arms that triggered an explosion and ignited a fire in the shopping center. Key Facts In a statement , Russia’s Defense Ministry claimed the “detonation of munitions” caused a fire, and that the shopping mall was “nonfunctioning,” contrary to Ukrainian reports of more than 1,000 shoppers inside the building at the time it was struck. The statement comes one day after Ukrainian President Volodymyr Zelensky condemned the air strike as “one of the most defiant terrorist attacks in European history,” and urged the United States to consider Russia a “state sponsor of terrorism.” As of Tuesday morning, Ukraine’s Crisis Media Center reported 18 people had died in Monday’s missile … [Read more...] about Russia Denies Attacking Ukrainian Shopping Center As It Claims Airstrike Hit Weapons Depot Containing U.S. Arms

- A + A KUALA LUMPUR (June 28): Mah Sing Group Bhd has acquired a new plot of land in the district of Tebrau, Johor Bahru — the group's first land deal this year — to develop a mixed project that will have an estimated gross value of about RM469 million. In a statement Tuesday (June 28), Mah Sing said the prime land parcel — measuring about 6.938 acres and valued at RM39.29 million — is located in Taman Seri Austin next to an existing McDonald's drive-through, and is accessible via Persiaran Eco Cascadia. The proposed mixed project, M Minori, will comprise three blocks of serviced suites with 1-bedroom, 2-bedroom and 3-bedroom units, with indicative build-outs ranging from 550 sq ft to 880 sq ft, with indicative prices starting from RM260,000. “It is about 6.5km from Mah Sing’s Johor office in the matured township of Austin Perdana, and is targeted for registration of interest in the fourth quarter of 2022. This proposed mixed development also features some retail … [Read more...] about Mah Sing buys Johor land for new mixed project with RM469 mil GDV

- A + A LONDON (June 28): Walgreens Boots Alliance Inc is abandoning the sale of the Boots drugstore chain in the UK citing "unexpected and dramatic change" in the global financial markets since launching the sales process in January. The American healthcare group had been in talks with a consortium between Reliance Industries Ltd and Apollo Global Management Inc over the more than £5 billion (US$6.1 billion) sale of Britain's biggest pharmacy chain. As a result of "market instability severely impacting financing availability, no third party has been able to make an offer that adequately reflects the high potential value of Boots", Walgreens said in a statement on Tuesday. The recent strong performance of Boots, and its key No7 beauty brand, is also behind the decision to retain the business, the company added in the statement. The Boots sale was considered a litmus test for dealmaking in the UK with credit markets becoming increasingly fragile. The easy financing … [Read more...] about Walgreens abandons Boots sale amid volatile debt market

Share to Twitter Share to Linkedin Topline Russia on Monday struck a mall in central Ukraine that had more than 1,000 people inside, Ukrainian President Volodymr Zelensky said , sharing a video that appeared to show massive fires at the shopping center, as G-7 leaders are gathered to discuss future plans to punish Russia for its invasion of Ukraine. Key Facts At least 10 people died, while more than 40 were injured in the rocket strike in Kremenchuk, a city of roughly 215,000, Dmytro Lunin, the regional governor, wrote on Facebook . In a post on Telegram, Zelensky said the number of victims is “impossible to imagine,” adding rescuers were attempting to put out the fires. The mall was of “no strategic value” to the Russian army and only concerned people trying to “live a normal life,” Zelensky said. Key Background The rocket strike comes after Russia carried out a host of attacks across Ukraine, including in the capital of … [Read more...] about Russia Strikes Central Ukraine Mall With More Than 1,000 People Inside, Zelensky Says

Reuters Sydney, Australia   ● Tue, June 28, 2022 2022-06-28 11:30 0 53ea05b5fe2e13733519dbf4e3327f47 2 Asia and Pacific Australia,Pacific-islands,defense,geopolitics,Fiji,Penny-Wong,Anthony-Albanese Free Australia will establish a defence school to train Pacific island militaries, Canberra's new Pacific minister said, amid intensifying competition for security ties and as Beijing seeks to host a rival meeting to the main regional group, the Pacific Islands Forum, next month. Australia will double its funding for aerial surveillance of the Pacific islands vast fishing zone, and provide financing for Pacific islands to build more resilient infrastructure as Pacific sea level rises are forecast to be four-times the global average, Minister for International Development and Pacific, Pat Conroy, told a Pacific conference on Tuesday. "The Australian Government knows that the issue of security is inseparable from the issue of climate change," he said in a … [Read more...] about Australia commits to Pacific islands defence training