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Fashion Industry Gets Torn by Europe’s Soaring Energy Bills

The surge in natural-gas and electricity prices has imperiled thousands of small factories and workshops that supply brands such as Gucci and H&M. The cost of gas, said one Italian fabric dyer, has become ‘a monster that’s devouring us.’

The Wall Street Journal |  | Fuente original

Goldman Shuffle Aims to Reduce Reliance on M&A

The bank will combine investment banking and trading under one roof, while merging asset and wealth management into another. Its investment-banking revenue fell 57% in the latest quarter, following similar declines at other banks.

The Wall Street Journal |  | Fuente original

Xi Jinping’s Ideological Ambition Darkens China’s Economic Prospects

Many economists predict slower growth, in part due to Xi’s focus on Communist Party control. He shows few signs of changing course on his priorities.

The Wall Street Journal |  | Fuente original

U.K. Treasury Chief Jeremy Hunt Reverses Nearly All Tax Plans to Reassure Markets

New U.K. Treasury Chief Jeremy Hunt said he is reversing nearly all the government’s proposed tax cuts and would pare back an energy price cap as he moves to reassure markets about the stability of the nation’s finances.

The Wall Street Journal |  | Fuente original

Goldman Plans Sweeping Reorganization, Combining Investment Banking and Trading

The Wall Street firm will combine its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another.

The Wall Street Journal |  | Fuente original

Xi Jinping’s Quest for Control Over China Targets Even Old Friends

A campaign of anticorruption purges has helped China’s leader tighten his grip on power—and his tactics have grown more sophisticated and pervasive.

The Wall Street Journal |  | Fuente original

Jan. 6 Committee Votes to Subpoena Donald Trump

The committee investigating the Capitol riot voted to issue a subpoena to former President Donald Trump. The vote marks a dramatic conclusion to the day’s hearing, during which lawmakers laid out Mr. Trump’s efforts to overturn the 2020 election result.

The Wall Street Journal |  | Fuente original