International News

Bloomberg Britain’s cost-of-living squeeze will tighten in 2023, with families shouldering higher tax payments at a time when energy bills and interest rates also are soaring. The Resolution Foundation said the average household will pay £1,000 ($1,204) more in taxes next year and £900 more for electricity and natural gas. About 2 million mortgage holders will suffer an average increase ...

Bloomberg Canada’s merger court ruled in favour of Rogers Communications Inc and Shaw Communications Inc in a key antitrust case, clearing one of the final hurdles to the union of two of the nation’s largest telecommunications firms. The federal antitrust commissioner failed to prove that the deal would cause significant harm to competition in the industry, the Competition Tribunal said ...

  Bloomberg The European Commission has asked EU member states to review Covid testing and sequencing procedures and to consider scaling them back up amid increased concern about the virus spreading from China. “If a new variant of the SARS-CoV2 virus appears — be it in China or in the EU — we must detect it early in order to ...

  Bloomberg Spanish inflation slowed for a fifth straight month in December, decelerating by nearly half since mid-year as energy costs continue to decline in the euro zone’s fourth-largest economy. Consumer prices rose 5.6% from a year earlier, down from a 6.7% advance in November, the statistics institute said. That’s a better reading than the 5.8% median estimate in a ...

Bloomberg Tesla Inc is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand. In an effort to clear inventory, Tesla offered a rare $7,500 discount to US customers who took delivery of ...

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) kicked off mass production of next-generation chips on Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung ...

  Bloomberg India’s move to restructure the world’s biggest food program is a fiscally prudent and a politically deft move, according to Nomura Holdings Inc. The withdrawal of the free food plan was always going to be politically tricky, but the simultaneous reorientation of the food public distribution system makes it an easier political sell, Nomura economists Sonal Varma and ...

  Bloomberg Hong Kong will end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travellers, in a sweeping overhaul of policies aimed at reviving its reputation as a global financial centre. There will be no cap on the number of people who can gather in public, and the vaccine pass for entry ...

  Bloomberg AstraZeneca Plc’s new drug Imjudo won approval in Japan for two different cancer types when added to the blockbuster medicine Imfinzi, widening the immune therapy’s reach. The treatment, a monoclonal antibody, is now authorised for forms of lung and liver cancer in Japan for patients who are also receiving Imfinzi, Astra said. The approval, coming after clearance in ...

Bloomberg PLDT Inc said it is in discussions with four major vendors for equipment and assets covered by its 48-billion peso ($859 million) overspending that stretched over four years from 2019. While the Philippines’ biggest phone company didn’t specify the nature of its discussions with the firms, namely Cisco Systems Inc, Huawei Technologies Co Ltd, Ericsson and Fiberhome Telecom in ...