Funding & Business
Apollo’s Zelter Sees ‘Lingering Inflation’ in US Economy
Jim Zelter, president at Apollo Global Management, says the US economy has “legacy inflation issues” and that companies are having a challenging time passing that on to consumers. (Source: Bloomberg)
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Botswana’s credit rating was cut by S&P Global Ratings, another blow to its diamond-dependent economy that’s struggling with a slump in demand for its gems.
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Snam SpA’s purchase of a stake in German gas network operator Open Grid Europe from Abu Dhabi’s Infinity Investments is unlikely to close this month as planned, Il Sole 24 Ore reported.
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Funding & Business
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