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The Latest Breaking News from Bloomberg TV

Under fire, Fitch defends U.S. credit rating downgrade

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.

Fortune

Rivian CEO Talks About European Expansion, Underpromising, And Overdelivering

During a recent interview Rivian's founder and CEO, RJ Scaringe, said that Rivian now has an operational base in Europe, which includes servicing and parts procurement.

InsideEVs

Blinken’s China trip yields best possible result: more talks

Secretary of State Antony Blinken got a muted reception when he arrived in Beijing: a lone Foreign Ministry official there to meet him and no red carpet, just red lines on the runway that social media users joked were a symbol of China’s unwillingness to compromise on issues like Taiwan.

Tribune News Service

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JPMorgan assures investors Jamie Dimon has no plans to run for U.S. President—yet

One of the biggest questions on Wall Street is who can replace Dimon at the helm of the world's most valuable bank. Fortunately, it says he's not going anywhere.

Fortune

JPMorgan’s Kolanovic Sees Increasing Chances of ‘Minsky Moment’

Bank failures, market turmoil and ongoing economic uncertainty as central banks battle high inflation have increased the chances of a “Minsky moment,” according to JPMorgan Chase & Co.’s Marko Kolanovic.

Bloomberg

'It really disturbs me to say this, but I think I agree with Larry.' Paul Krugman sides with frenemy Larry Summers on inflation fight.

Both economists think the U.S. Federal Reserve is just as likely to overestimate inflation as underestimate it.

Fortune

Germany will not fall into recession, Scholz tells Bloomberg TV

German Chancellor Olaf Scholz said on Tuesday he was convinced Europe's largest economy would not fall into a recession despite soaring energy and food prices in the wake of Russia's invasion of Ukraine.

Reuters

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Philippines’ Marcos eyes China compromise on South China Sea

The Philippines is interested in renewing talks with China on joint oil and gas exploration in the South China Sea to expand and diversify its sources of energy, President Ferdinand Marcos Jr. said in an interview with Bloomberg TV.

Tribune News Service

Philippines’ Marcos Eyes China Compromise on South China Sea

Bloomberg

Russian troops making ‘palpable progress’ in Donbas, Boris Johnson warns

‘I’m afraid that Putin, at great cost to himself and to Russian military, is continuing to chew through ground in Donbas,’ the Prime Minister told Bloomberg TV

Evening Standard

China’s economic activity collapses under Xi’s COVID Zero policy

China’s economy is paying the price for the nation’s COVID Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery.

People

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