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Ex-CEO of Ocean Parks Fined $10,000 a Day in Spat With Lenders

18 hours ago | bloomberg.com | Steven Church |Jonathan Randles

The grounds of the Miami Seaquarium, operated by the Dolphin Company, in Miami. Photographer: Joe Raedle/Getty Images(Bloomberg) -- The former chief executive officer of a string of bankrupt, dolphin-themed animal parks is facing a $10,000-a-day fine, after he was accused of using credit-card readers he bought at Costco to divert ticket revenue away from his company’s Mexican locations.
Qatar Withdraws Interest for Rosneft’s German Operations

19 hours ago | bloomberg.com | Petra Sorge |Fiona MacDonald |Fiona Macdonald

A Rosneft oil refinery in Schwedt, Germany. (Bloomberg) -- Qatar withdrew its interest in the seized German operations of Russia’s state-controlled oil company Rosneft PJSC, according to people familiar with the matter. The Qatar Investment Authority was the last party interested in the refining assets, leaving their future in limbo, said the people, who asked not to be identified as the discussions are private.
Shein to File Confidentially for Hong Kong IPO, Reuters Says

22 hours ago | bloomberg.com | Bre Bradham

A woman opens an order from Shein. (Bloomberg) -- Shein Group Ltd. is planning to confidentially file a draft prospectus for an initial public offering in Hong Kong in the coming days, Reuters reported, which would mark the third venue the company has sought to debut in. The move to apply confidentially is rare in Hong Kong, where companies generally make such filings public, Reuters reported.
Die Koalition unter Strom: Fünf Themen des Tages

1 day ago | bloomberg.com | Petra Sorge |Annika Reichelt |Jenni Thier |Alexander Kell

Petra Sorge über ein Stromproblem — Abonnieren Sie unseren Newsletter Fünf Themen des Tages und erhalten Sie samstags das Hauptstadtgeflüster direkt in Ihre Mailbox. Es war das große Entlastungsversprechen von Union und SPD: die Stromkosten für alle um mindestens 5 Cent zu senken und dafür — so lautete die Formel im Koalitionsvertrag, “die Stromsteuer für alle so schnell wie möglich auf das europäische Mindestmaß” zu senken.
NYC's $4.4 Billion Casino Battle Now Lies With Gambling Skeptics

1 day ago | bloomberg.com | Christopher Palmeri |Nacha Cattan |Laura Nahmias |Patrick Clark |Natalie Wong

Casino backers are seeking to change New York's skyline with the potential projects. (Bloomberg) -- But the downstate process has proven more tedious than the upstate. One major hurdle for the New York City area projects is the requirement that a community advisory committee consisting of state and local officials approve the projects. Those boards will be a key part of the process, convening to vote and hold public hearings for the projects.
EQT-Backed SK Shieldus’ $2.4 Billion-Equivalent Loan Launches

1 day ago | bloomberg.com | Kari Lindberg |Haram Lim

E-Mini S&P 500 Futures (ES) charts on the floor of the American Stock Exchange (AMEX) area of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, April 8, 2025. Stocks surged at the fastest pace since 2022 and bonds fell after Treasury Secretary Scott Bessent fueled hopes of trade deals, marking a dramatic shift in Wall Street sentiment following a selloff that chopped trillions of dollars off global markets.
Germany’s Jänschwalde Coal Plant Becomes a Protected Monument

1 day ago | bloomberg.com | Petra Sorge

The Jänschwalde plant is slated to be converted to cleaner natural gas, a transition its operator fears the heritage designation will make impossible. When the Jänschwalde power plant first rose from the fields of eastern Germany in the late 1970s, it must have looked like a cathedral to coal. Six cooling towers — each taller than a downtown high-rise — billowed plumes of steam visible for miles, a clear symbol of the socialist state’s industrial ambitions.
Thai Central Bank Vows to Step In If Baht Moves Are Unhinged

1 day ago | bloomberg.com | Suttinee Yuvejwattana |Thomas Kutty Abraham

The Bank of Thailand complex that houses the learning center, museum and offices in Bangkok, Thailand, on Friday, March 29, 2024. Thailand’s Prime Minister Srettha Thavisin urged the central bank again to cut interest rate, citing the “fragile” state of the economy and a string of negative inflation readings in recent months.
‘Revenge Tax’ Shift Revives US Appeal for Australia Mega Funds

1 day ago | bloomberg.com | Amy Bainbridge |Richard Henderson

Buildings in Sydney. Photographer: Brent Lewin/Bloomberg(Bloomberg) -- Australia’s A$4.1 trillion ($2.7 trillion) pension industry signaled relief over US plans to scrap the so-called “revenge tax,” which would have increased levies on income from assets of foreign investors.
European Allies Wary of Buying American as They Plan Defense Buildup

1 day ago | bloomberg.com | Natalia Drozdiak |Andrea Palasciano

Patriot surface-to-air missile systems at Warsaw Babice Airport. (Bloomberg) -- For European countries that just approved the biggest increase in military spending in decades, “Buy American” is looking a lot less appealing than it once was. They may have no choice.