Tuesday , 16 December 2025

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BOJ keeps defying Fed-led consensus on rate hikes

  Bloomberg The Bank of Japan (BOJ) in the coming week is widely expected to stick with the negative interest rates that set it apart from the world’s other major central banks. At the decision due on Tuesday, Governor Haruhiko Kuroda will reiterate his out-of-sync stance that monetary stimulus must stay in place to secure lasting inflation. That’s in contrast …

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Wall Street’s crypto FOMO fades as market falls, says Hsu

  Bloomberg Wall Street banks’ interest in crypto has significantly fallen off as digital-asset prices have tumbled, according to a top US financial regulator. “A lot of the crypto curiosity went away,” Michael Hsu, acting head of the Office of the Comptroller of the Currency, said in an interview at Bloomberg’s Washington bureau. “I would be astounded if a lot …

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Credit Suisse business model endorsed by SNB 

  Bloomberg Swiss National Bank (SNB) President Thomas Jordan has voiced support for Credit Suisse Group AG doing less investment banking, as the lender struggles to recover from billions in losses over the past two years, recent client defections and asset outflows with a strategy revamp. “We appreciate that Credit Suisse is focusing on its strengths,” Jordan told Swiss radio …

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This robot is on a mission to eliminate short car trips

  Bloomberg When a six-year-old boy first “woke up” the Gitamini robot, his parents were surprised he didn’t flinch — robots these days tend to be ominous. But as November leaves swirled around the sidewalk meet-cute, the squat personal droid gave a friendly “chirp” and popped up on its two large wheels, ready to follow a new friend. Service robots …

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Twitter to restore more suspended accounts weekly over next 30 days

Bloomberg Twitter has started to restore accounts that were suspended for breaking platform rules and the company plans to reinstate more over the next 30 days. In a series of tweets, Twitter said it had identified several policies where permanent suspension was a “disproportionate” action for breaking rules. The company said reinstated accounts still need to comply with its rules. …

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VW sees growing challenges on inflation, downturn

  Bloomberg Volkswagen AG (VW) Chief Financial Officer Arno Antlitz said he expects next year to be “even more challenging” than 2022 as inflation and a worsening economic outlook cut into demand. Antlitz, speaking in a Bloomberg TV interview, said VW will need to improve productivity and lower fixed costs as the carmaker can’t fully pass on soaring raw material …

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Intel delays German chip plant

  Bloomberg Intel Corp will delay construction of its German chip plant and is seeking more in government subsidies, Volksstimme reported. The US-based chipmaker earlier this year announced plans for a mega site worth $18 billion in Magdeburg. Construction was set to begin by mid-2023, and the government planned to provide €6.8 billion in state aid. The cost has now …

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Baggage handlers call off planned strike at London Heathrow

  Bloomberg Baggage handlers at London Heathrow airport called off a strike after their union received an improved pay offer from Menzies Aviation. The U-turn means a three-day walkout won’t take place, as the Unite union ballots members on the new offer. Financial details were not disclosed. Unite had said that more than 400 workers at Heathrow Terminals 2, 3 …

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Germany to receive F-35s in 2026 to rejuvenate Air Force

  Bloomberg Germany is set to receive the first batch of its F-35 fighter jets in 2026, though the initial eight units will remain stationed in the US for training purposes, creating a tight schedule to build up more advanced air-defense capabilities before the aging Tornado models are retired in 2030. The procurement schedule foresees a handover in tranches, with …

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