Bloomberg Russia has enough firepower for only three or four more missile barrages of the kind that have devastated Ukraine’s energy infrastructure, Kyiv’s top defense official said. “We understand how much they’ve expended so far — we understand that they don’t have so many,” Oleksiy Danilov, secretary of the National Security and Defense Council, said in an interview. As the ...

Bloomberg Poland and Lithuania are blocking the European Union’s ninth package of sanctions against Russia, a government minister said ahead of a meeting of the bloc’s leaders. Lithuanian Foreign Minister Gabrielius Landsbergis told reporters in Vilnius that a proposed weakening on food security potentially opens a loophole and the possibility for sanctioned Russian oligarchs to increase their wealth. “We cannot ...

Bloomberg Nurses began a round of historic strikes across much of Britain, with protesters on picket lines saying they’re struggling to afford basic living costs such as food and accommodation. The Royal College of Nursing (RCN) has said that as many as 100,000 staff were expected to take part in the strike across England, Wales and Northern Ireland in protest ...

  Bloomberg Poland’s plan to access frozen EU aid hit a snag after hardliners in the ruling coalition rejected a deal to roll back judicial changes and the president set conditions for his ratification of legislation. The proposal negotiated by the government with the European Commission would undo many contested judicial changes the government has introduced during its seven-year rule. ...

Bloomberg Japan will describe China as an “unprecedented strategic challenge” in a new national security policy set to be approved as early this week, according to a draft seen by Bloomberg. The new strategy, expected to get the green light from Prime Minister Fumio Kishida’s cabinet, amounts to an unprecedented overhaul of the country’s security and defense policy. The revisions ...

Bloomberg Brazil’s electoral court is investigating outgoing President Jair Bolsonaro, his running mate and some allies for allegedly casting doubt on the result of the October election and abusing their power during the campaign. Justice Benedito Gonçalves, general inspector of the court, opened the investigation to analyse allegations presented by the coalition of President-elect Luiz Inacio Lula da Silva. The ...

  Bloomberg The US sanctioned Vladimir Potanin, Russia’s richest tycoon and the president and biggest shareholder of mining giant MMC Norilsk Nickel PJSC, but left his company untouched as it tries to maintain stability in the metals market. The action against Potanin was part of a broader sanctions package the Treasury Department rolled out targeting some 40 people linked to ...

  Bloomberg China’s central bank pumped more cash than forecast into the banking system in December, in a move that’s expected to bolster bonds roiled by the nation’s abrupt Covid policy shift. The People’s Bank of China (PBOC) injected 650 billion yuan ($94 billion) via its one-year medium-term lending facility, more than the 500 billion yuan due this month. Five ...

  Bloomberg HSBC Holdings Plc and Standard Chartered Plc are raising their main lending rates in Hong Kong for the third time this year, a move that signals higher borrowing costs for property owners amid a real estate and economic downturn. HSBC, the city’s biggest lender, is boosting its prime rate by 25 basis points to 5.625%. The move came ...

  Bloomberg Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost $40 billion. The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he’d occupied since September of last year. Tesla’s ...