International News

  Bloomberg The Taiwanese government is planning to deploy NT$380 billion ($12.4 billion) of funds to support the local economy and combat inflation amid global uncertainties, the presidential office said. Some of the funds, which come from higher-than-expected tax revenue this year, will be used to meet a shortfall in the labor and health insurance system and to provide subsidies ...

  Bloomberg South Korea’s exports continued to decline in December in a sign of cooling global demand as higher interest rates weigh on consumption. Overseas shipments dropped 9.5% from a year earlier, compared with economists’ forecasts for an 11.1% decline, according to data by the trade ministry. Imports fell 2.4%. The trade shortfall was $4.7 billion in December, resulting in ...

  Bloomberg Indonesia will do away with indoor mask mandates and remove the requirement to show proof of vaccination when entering buildings, becoming one of the last few countries to completely end Covid-19 restrictions. The decision was taken as almost all of Indonesia’s population had immunity against the virus, said President Joko Widodo. “We once failed in containing Covid, but ...

  Bloomberg Vietnam’s economy grew at the fastest pace in Asia in 2022, signalling momentum just before risks from a global slowdown began to materialise. Gross domestic product rose 8.02% in the year to December, according to official data reported. That was faster than the government’s initial target of 6%-6.5% growth and was aided by a quicker-than-expected 5.92% expansion in ...

Bloomberg UK Prime Minister Rishi Sunak told Britons that the problems bedeviling the country won’t disappear in 2023, a warning that prompted the Labour Party to accuse the government of wrecking the economy. In his first New Year’s address as prime minister, Sunak struck a sombre tone, acknowledging that it had been a difficult year for the country. “I am ...

Bloomberg US labour board prosecutors have concluded that Starbucks Corp illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year. The union leader, Jaz Brisack, resigned her Starbucks position in September, alleging that the company had pushed her out by changing its scheduling policies ...

  Bloomberg Twitter Inc was sued for failing to pay $136,250 in rent for its office space in San Francisco. The landlord, Columbia Reit – 650 California LLC, says it notified Twitter that it would be in default on its lease for the 30th floor of the Hartford Building in five days unless the rent was paid. The tenant failed ...

  Bloomberg The UK arm of environmental activist group Extinction Rebellion said it plans to step away from attention-grabbing tactics that have caused widespread public disruptions and instead focus on building broader support to help combat rising carbon emissions. “As we ring in the new year, we make a controversial resolution to temporarily shift away from public disruption as a ...

Bloomberg Tesla Inc shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after 2022’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 ...

  Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...