Empire Codex

Over the wall 📶

Rainmakers: Researchers from Japan are looking to develop and launch weather control technologies that can reduce deluges to manageable rain by 2050.

Bag holder: Royal Bank of Canada and others have been left holding millions of Crescent Point Energy shares after leading a C$500 million equity raise with institutional investors not being interested.

The other way: Industrial & Commercial Bank of China’s US unit had to settle US Treasury transactions with an USB stick after a cyberattack.

Zeroing in: UK and Mexico agreed to extend a commitment to reduced or zero tariffs until they conclude talks for a free trade agreement.

Hazardous material: There are an estimated 170 trillion tiny plastic particles floating on the surface of the ocean.

Foreign plans: Private equity firm PAI Partners from France has raised €7.1 billion to invest in Europe and North America.

Incoming income: Foreign students at US schools rose 12% in the 2022 to 2023’s academic year to almost 1.06 million students.

Burning a hole: Car loans made to people with spotty credit backed more than $37 billion of bonds in 2022.

Giving back: China plans to provide a minimum of 1 trillion yuan of low-cost financing to the nation’s urban village renovation and affordable housing programs.

Cutting down: Merger advisers might see their payouts for 2023 slide as much as 25%.

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