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German recession fears ease on surprise year-end stagnation

  Bloomberg Germany’s economy probably stagnated in the final quarter of 2022, defying analyst expectations for a contraction and easing fears of a recession triggered by the war in Ukraine and soaring inflation. For the year as a whole, output increased 1.9% — down from 2.6% in 2021 and just ahead of the 1.8% estimate in a Bloomberg survey, the ...

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Russia claims Donbas town but Ukraine says it’s in control

  Bloomberg Russia claimed Moscow’s troops had taken Soledar, a small town in the Donetsk region of Ukraine, in one of their first victories in months. Kyiv rejected the claim. A salt mining town with a population of 10,000 before Russia launched its invasion in February 2022, Soledar has limited strategic value but has been the site of weeks of ...

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Turkey summons Swedish envoy, warns over Nato bid

Bloomberg Turkey summoned Sweden’s ambassador after supporters of the Kurdish militant group PKK and its affiliates hanged an effigy of Turkish President Recep Tayyip Erdogan during a protest in Stockholm. Sweden must crack down on terrorism if it wants to join Nato, Turkey said, after the puppet was hung by the feet outside the city hall in the Swedish capital ...

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