International News

  Bloomberg Canada, one of the world’s top barley exporters, is importing a rare cargo from Europe after drought decimated its harvest last year. France’s Rouen port is set to load its first-ever barley cargo for Canada, on the bulk carrier Federal Spey, according to a spokesman for the port operator. The North American nation hasn’t imported significant volumes from ...

  Bloomberg Benchmark German debt yields climbed above zero for the first time since before the pandemic as investors braced for central banks to scale back monetary stimulus in the face of accelerating inflation. The rate on 10-year bunds rises four basis points to 0.02%, crossing into positive territory for first time since May 2019. It comes as money markets ...

  Bloomberg Alphabet Inc’s Google said it would spend $1 billion to buy up its own London offices, keeping a major presence in the UK capital at a time when firms wrestle with how to manage employee work habits. The purchase and renovation of the Central Saint Giles complex it moved into in 2011 are being undertaken as the company ...

  Bloomberg Norway’s exports surged to a record last year, helped by higher demand for fossil fuels, fish and metals. Western Europe’s largest oil and gas exporter sold 1.38 trillion kroner ($156 billion) worth of goods abroad in 2021, a 77% increase that led to a full-year trade surplus of 531 billion kroner, also the highest ever, Statistics Norway said ...

  Bloomberg Tesla Inc has pushed back initial production of its futuristic-looking Cybertruck to the first quarter of 2023, according to a Reuters report. Production of the electric pickup had been expected to start later this year but was delayed by a decision to change some of the pickup’s features, the report said. In December, Tesla CEO Elon Musk responded ...

  Bloomberg Apple Inc removed several Wordle games from its App Store after users confused them with another word-play title popularized by Jimmy Fallon and other celebrities. The only remaining product on the App Store with that title appeared to be Wordle!, a time-based game created by Steven Cravotta more than five years ago. Apple confirmed the move to Bloomberg. ...

  Bloomberg Venezuela probably grew 4% in 2021, signalling an “economic recovery” in 2022, President Nicolas Maduro said in his annual state of the union speech, maintaining his firm grip for a ninth year on a mandate considered illegitimate by the opposition, the US and several European countries. “I can state that Venezuela, after five years of economic warfare, has ...

  Bloomberg US consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March. The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labour Department data. The widely followed inflation gauge rose ...

  Bloomberg Britain’s poorest households are facing a 3 billion pound ($4.1 billion) squeeze on living standards in April when their benefits will rise by half the expected rate of inflation, the Institute for Fiscal Studies said. To protect those on low incomes from the looming spike in energy in bills, the government should change this year’s benefit uprating to ...

  Bloomberg Italy’s government is working on a spending package that won’t require revising its budget to expand the deficit. The measures could be announced as early as next week and would bring targeted relief to sectors hit by the surge in Covid-19 infections, such as tourism, the people said, asking not to be named discussing confidential plans. The package ...