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Johnson heralds Brexit as opportunity for ‘change’

Bloomberg Prime minister Boris Johnson said Brexit offers the UK an opportunity for “renewal and change” as he called on the divided nation to pull together in an address ahead of its split with the European Union. “If we can get this right, I believe that with every month that goes by, we will grow in confidence not just at ...

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India cuts taxes, widens budget deficit target to spur economy

Bloomberg India’s finance minister slashed taxes for individuals and widened budget deficit targets for the current and next fiscal years to help spur a slowing economy. The government will miss its deficit goals for a third year, pushing the shortfall to 3.8% of gross domestic product from a planned 3.3% in the year ending March, finance minister Nirmala Sitharaman said ...

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Korean export slump deepens as lunar New Year hits shipments

Bloomberg A decline in South Korean exports worsened in January despite signs of green shoots in global trade as the Lunar New Year holiday reduced the number of working days at the end of the month. Exports shrank 6.1% from a year earlier, following a 5.2% drop in December, trade ministry data showed on Saturday. Economists had forecast an 8.6% ...

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