Month: February 2022

Toshiba Says 3D Drops Part of Proposal on Articles of Incorporation

TOKYO—Japan’s Toshiba Corp. said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal. Last week, Toshiba said it planned an extraordinary general meeting of shareholders for March 24 to seek initial approval to hive off its devices business.


Ukrainian Hryvnia Loses 1 Percent After Moscow Recognizes Separatist Regions

KYIV—Ukraine’s hryvnia currency weakened by more than 1 percent from the beginning of the trading session on Tuesday after Russia formally recognized the independence of two regions of eastern Ukraine, Refinitiv data showed. The rate slipped below 29 to the dollar, sinking back to last month’s level. In February, the hryvnia had strengthened slightly and…


Oil Hits Highest Since 2014 on Russia-Ukraine Escalation

LONDON—Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices to near $100 a barrel. The United States and its European allies are poised to announce new sanctions against Russia after…


The Art of Bookbinding: Tender Loving Care for Books

When my son Douglas was very young, one of our bonding rituals was reading. He learned to read at an early age but always enjoyed curling up next to me or having me read to him by the side of the bed as he gazed toward the ceiling in rapt attention. When he was about…


Euro Volatility Jumps as Russia Orders Troops to Ukraine Regions

LONDON—The euro one-month volatility level jumped on Tuesday to its highest in 15 months, as the single currency was hit by rising risk aversion amid a gas price surge and escalation of tensions in Ukraine. Russian President Vladimir Putin ordered troops to two breakaway regions in Ukraine, sending the euro one-month volatility to its highest…


China’s Property Bubble Collapse Gets Worse

Commentary A few months ago, when investors started to discuss the troubles of Evergrande, China’s largest real estate developer, many economists saw the problem as isolated and insignificant. The consensus message was that the real estate crisis was containable and that the Evergrande default would be a single case. However, Chinese defaults on local and…


Oil Prices Jump, Shares Sink as Russia Edges Toward Ukraine

BANGKOK—Oil prices surged nearly 5 percent and stock prices dropped after Russian President Vladimir Putin ordered forces into separatist regions of eastern Ukraine, bringing a long-feared invasion a step closer. Russia is a major energy producer and the tensions over Ukraine have brought wide swings in volatile energy prices, on top of the inevitable risks…


Book Review: ‘Red-Handed’ by Peter Schweizer

Chinese leader Xi Jinping has often used an expression that he is seeking for China a “strong nation dream.” The realization of this dream is that China would become the world’s No. 1 global power. The consequences could be nightmarish for the rest of the world. Author Peter Schweizer has masterfully and meticulously outlined in…


Book Review: ‘Pandemia’

I have never been “canceled,” but that may be about to change. Not because of any unsubstantiated claims that I am about to advance, but because of whose book I am reviewing. That would be former New York Times reporter Alex Berenson, who’s been removed from various social media venues. At least I never joined…


American ‘Candy Bomber’ Who Dropped Sweets Over Former Soviet West Berlin for Kids Dies at 101

U.S. military pilot Gail S. Halvorsen—known as the “Candy Bomber” for his candy airdrops during the Berlin airlift after World War II ended—has died at age 101. Halvorsen died Wednesday following a brief illness in his home state of Utah, surrounded by most of his children, James Stewart, the director of the Gail S. Halvorsen…