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☆ Natural Wine and 6 Other Wine Trends From 2022 We’d Like to Leave Behind
▼ + stars: | 2022-12-29 | by ( Lettie Teague | ) www.wsj.com time to read: 1 min

IN WITH THE NEW May your coming year be free of pretentious wine writing, massive markups and all the other things currently irking our wine editor. Now is the traditional summing-up time of the year, when past accomplishments or failures are examined and we submit all that was good—and bad—for review. While 2022 offered many oenological high points, there were also plenty of points I’d prefer not to repeat. Advent CalendarsOverall wine quality has never been higher than it is today; it’s easy to find a good wine just about anywhere. You may already have consumed some this holiday season if you bought or received a wine Advent calendar, one ever-reliable source of the stuff.

Facebook owner Meta Platforms is one of the companies that would be affected by the proposal in Canada. Google parent Alphabet Inc., Facebook owner Meta Platforms Inc. and Bytedance Ltd., TikTok’s owner, are pushing back against a proposal in Canada that would force digital platforms to more prominently feature Canadian content and compensate news outlets. The new rules, championed by Canadian Prime Minister Justin Trudeau , would require reworking existing algorithms so that if a person in Canada searched on YouTube, the results would display videos mostly from Canadian artists ahead of foreign or U.S.-made content.

Investors will also look to ECB boss Christine Lagarde for guidance on how the ECB views the trade-off between recession risks and inflation, and when it might pause tightening. Economists say it's too early to call a peak in inflation but the chances of one arriving soon are growing. While an inflation peak may be close if there are no additional shocks from the war in Ukraine, the retreat will be slow initially, ECB policymaker Bostjan Vasle believes. Reuters Graphics Reuters Graphics4/ Is the ECB giving away cash to banks and what will it do about it? Aggressive rate hikes from major central banks and a rout in British bonds have sparked concern about financial instability.

☆ How the ROC Could Keep Its Team Figure Skating Gold Medal—No Matter What Happens to Kamila Valieva
▼ + stars: | 2022-10-21 | by ( Louise Radnofsky | ) www.wsj.com time to read: 1 min

Eight months ago, the Russian Olympic Committee’s first-place finish in the team figure skating event at the Beijing Olympics was thrown into limbo when it was revealed, a day later, that 15-year-old Russian phenom Kamila Valieva had failed a drug test. Medals for the event have still not been awarded, irking the second-placed U.S. team, in particular. Now, Russia’s anti-doping agency is expected to soon release a report on the Valieva case. But the hotly anticipated findings may not stop the Russian Olympic Committee from claiming the gold medal.

☆ ECB closing in on rule change to shave banking profits, sources say
▼ + stars: | 2022-10-12 | by ( Balazs Koranyi | ) www.reuters.com time to read: +4 min

All sources said that a decision could come at the Oct. 27 policy meeting because there's little benefit in waiting. The benefit is that all banks are affected the same way and the ECB would not be playing favorites. They also said that this sort of accommodation is inconsistent with interest rate policy, which is being tightened. That risks putting political pressure on central banks around the euro zone. In extreme cases, central banks could even deplete their own capital, possibly forcing governments to recapitalize lenders.

MPS (BMPS.MI) had scheduled a board meeting on Tuesday to set the terms of an up to 2.5 billion euros ($2.4 billion) share issue, the Tuscan bank's seventh in 14 years after an 8.2 billion euro bailout in 2017. Rocky markets and the size of the cash call, equivalent to more than 10 times MPS' current market value, have complicated talks over the share sale. The banks have long seen it as too risky to bring to the market without a pre-committed core of investors. The new shares will value MPS above healthier peers, exposing underwriters to likely losses on any shares left on their books, bankers and analysts say. On Tuesday, a source with knowledge of the matter told Reuters that MPS had secured some 30 million euros ($29 million) from local not-for-profit banking foundations in its home region.

☆ Nikki Finke, veteran Hollywood journalist, has died
▼ + stars: | 2022-10-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Nikki Finke, the sharp-tongue Hollywood journalist famous for her seemingly non-stop scoops, has died. “She posted firsthand accounts of how she saw the entertainment business and was unfazed about dressing down its biggest players,” Deadline wrote. In 2002, she joined LA Weekly and wrote its “Deadline Hollywood” column. In 2006, she started “Deadline Hollywood Daily,” which helped usher in an era of fast-paced blogging. “At her best, Nikki Finke embodied the spirit of journalism, and was never afraid to tell the hard truths with an incisive style and an enigmatic spark.

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