International News

BLOOMBERG Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen both hailed their post-Brexit deal as a chance to reset frayed relations between the two sides. For investors in British assets, the repair work is only just beginning. BlackRock Inc and Abrdn Plc are among asset managers overseeing more than $9 trillion combined that expect the deal ...

BLOOMBERG The UK and European Union (EU) reached a deal on Northern Ireland’s trading arrangements, ending more than a year of often acrimonious wrangling over the post-Brexit settlement for the region, people familiar with the matter said. The agreement follows a meeting between British Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen, according to the people, ...

BLOOMBERG Supporters of Italy’s Democratic Party have chosen Elly Schlein as their next leader, a surprise result that signals a shakeup in the country’s main political opposition and also means that women now lead both of the country’s biggest parties. The 37-year-old, who also holds US citizenship, won about 54% of the over 1 million votes cast during an informal ...

BLOOMBERG The Philippines has filed 10 diplomatic protests against China over alleged “violations” in the South China Sea with barely two months into 2023, underscoring renewed tensions between the two nations over the disputed waters. These form part of the 77 diplomatic protests filed against China under President Ferdinand Marcos Jr, the Philippines’ Department of Foreign Affairs said in a ...

BLOOMBERG China’s stance on the Russian invasion of Ukraine puts it in an “awkward” position internationally and any weapons support to Russia would come with “real costs,” US National Security Advisor Jake Sullivan said. Sullivan emphasized in three interviews with US television networks that the Biden administration doesn’t have evidence that China is giving “lethal support” to President Vladimir Putin’s ...

BLOOMBERG Hong Kong’s exports plunged in January by the most in 70 years as waning global demand and the Lunar New Year break weighed on trade and Chinese demand remained weak, even after the mainland emerged from Covid Zero. Overseas shipments plummeted 36.7% from a year earlier to HK$290.9 billion ($37.1 billion), the Census and Statistics Department said. That was ...

BLOOMBERG Essar Group plans to spend as much as $3.6 billion on low-carbon hydrogen production in the UK and India, as well as decarbonisation work at its refinery in northwest England, pending government support. The company’s first step would be a $1.2 billion investment in Britain to produce hydrogen from natural gas with carbon capture and storage, according to Prashant ...

BLOOMBERG Toyota Motor Corp reported a slight drop in global sales in January due to lingering effects of the Covid-19 pandemic and a chronic shortage of semiconductors for automobiles, the Japanese automaker said. Sales, including Daihatsu Motor Co and Hino Motors Ltd, fell 3.6% from a year earlier to 795,847 vehicles, while production rose 8.4% to 819,727 units, the world’s ...

ABU DHABI / WAM The UAE search and rescue team, as part of the “Chivalrous Knight / 2” operation in Syria, has returned home following the completion of the rescue mission in earthquake-hit Syria. Lt. Colonel Hamad Al Kaabi, Commander of the Emirati Search and Rescue in Syria, said that the team has made exceptional efforts in the rescue mission ...

BLOOMBERG Germany and India agreed to partner on technology to make a transition to renewable energy easier, and deepen defense cooperation and trade during Chancellor Olaf Scholz’s first visit to the South Asian nation as leader. “We want to further strengthen trade ties between the European Union and India,” Scholz said in New Delhi after meeting Indian Prime Minister Narendra ...