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Venezuela appoints new high court

  Bloomberg Venezuela’s government-controlled National Assembly appointed the justices who’ll comprise a new slimmed down Supreme Court, many of them holdovers from the previous court, in a nod to overhauling a judicial system that’s long been criticised for its lack of independence. The assembly chose 20 magistrates in all, 12 of whom were re-appointed to the court, known as the ...

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China’s central bank seeks to calm markets with support pledge

  Bloomberg China’s central bank pledged to support the economy through targeted financing for small businesses and a quick resolution of the ongoing crackdown on technology firms in Beijing’s latest bid to reassure investors nervous about growth and Covid lockdowns. The People’s Bank of China (PBOC) “will step up the prudent monetary policy’s support to the real economy, especially for ...

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European stocks decline as Russian gas cut dims mood

  Bloomberg European stocks extended three days of declines as investors came to grips with the implications of cuts in gas supplies from Russia and the prospect of faltering growth. The Stoxx 600 Europe Index fell almost 1% while S&P 500 and Nasdaq 100 contracts also gave up early gains in the wake of a technology-led slump that pushed the ...

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