Newsletter May 5, 2022
Oil extends gains after news of EU's Russian oil ban proposal

A handful of eastern EU countries are concerned that the halt would not allow them enough time to adapt.

Google picks former Modi think-tank official as India policy head -source

Last year, Meta Platforms Inc hired Rajiv Aggarwal - who spent years working in India's federal and state governments - as its head of policy.

As scandals overshadow vote, UK PM Johnson faces election test

The elections are seen as a test of support for Johnson, who became the first British leader in living memory to have broken the law while in office

Netflix shareholders sue over subscription slump disclosures

The company attributed the quarterly decline to inflation, competition from other streaming services and its suspension of service in Russia

U.S. private payrolls slow; trade deficit hits record high

The trade deficit accelerated 22.3% to $109.8 billion in March amid a record increase in imports.

Robinhood launches stock lending program in revenue diversification push

The Menlo Park, Calif.-based company earned $137.2 million from margin securities lending in 2021.

Sri Lankan tea pickers' dreams shattered by economic crisis

The COVID-19 pandemic severed the tourism lifeline of the Indian Ocean nation, already short of revenue in the wake of steep tax cuts by the government.

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