 | | | | Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, due to an uncertain macro backdrop and monetary policy tightening. | | | | | | German union IG Metall is calling for steel industry workers to hold a warning strike after employers did not meet its request for a permanent wage increase in a second round of talks. | | | | | | Venture capital giant Andreessen Horowitz said on Wednesday it has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised for digital currency investments so far to more than $7.6 billion. | | | | | | Russia will start a pilot project using its "digital" rouble with real customers and real transactions from April 2023, its central bank said on Wednesday, adding that the project would run ahead of the initial schedule. | | | | | | U.S. stock index futures were largely subdued on Wednesday ahead of minutes from the Federal Reserve's May meeting, which will likely offer clues on the path of future rate hikes. | | | | | | Climate ministers from the Group of Seven economic powers will this week consider committing to phase out polluting coal-fuelled energy by 2030 and decarbonise their power sectors by 2035, according to a draft meeting communique seen by Reuters. | | | | | | Amazon.com Inc said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing COVID-19 curbs. | | | | | | Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine. | | | | | | Danish biotechnology company Bavarian Nordic on Wednesday lifted its sales outlook and now expects a smaller operating loss this year after signing a contract with an undisclosed country for the supply of its monkeypox vaccine. | | | | | | European Central Bank President Christine Lagarde gained key allies for her plan to raise rates out of negative territory this summer, even as one of her own board members on Wednesday expressed some scepticism about the policy path ahead. | | | | | |
