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February 24, 2023 Politics, Uncategorized
Bloomberg Poland sent its first four Leopard 2A4 battle tanks to Ukraine, a symbolic gesture to mark one year since Russia’s invasion as western allies rush to arm the embattled nation’s forces amid intensified Kremlin-ordered attacks. Prime Minister Mateusz Morawiecki announced during a visit to Kyiv that the delivery of the remaining batch of its 14 German-made combat vehicles will ...
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February 24, 2023 Politics
Bloomberg President Luiz Inácio Lula da Silva is intensifying his campaign to mediate an end to Russia’s war in Ukraine as he seeks to reinsert Brazil in the global political stage. Russian Deputy Foreign Minister Mikhail Galuzin was quoted by Russia’s Tass news agency as saying Moscow is studying Lula’s proposal to end the conflict as it continues to assess ...
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February 24, 2023 Politics
Bloomberg The race to succeed Scottish First Minister Nicola Sturgeon tightened, the health service and where to go next in the push to break away from the rest of the UK. As nominations closed for the post of Scottish National Party leader, bookmakers continued to make Health Secretary Humza Yousaf the favourite. But his closest rival, Kate Forbes, who is ...
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February 24, 2023 Politics
Bloomberg Junior doctors in England will walk out for three consecutive days next month after voting overwhelmingly to take industrial action over pay, claiming the government has refused to engage. The British Medical Association (BMA) said trainee doctors will not report for work starting from March 13 as they push for a higher than 2% raise for the current ...
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February 24, 2023 Banking
Bloomberg Deutsche Bank AG looked at buying parts of Credit Suisse Group AG assets as recently as last fall after the Swiss firm became engulfed by a series of scandals and financial hits, according to people with knowledge of the matter. The German lender analysed individual businesses such as the Swiss firm’s asset management and wealth management units, people familiar ...
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February 24, 2023 Banking
Bloomberg Goldman Sachs Group Inc said that investigations and inquiries into its credit-card business has expanded beyond the Consumer Financial Protection Bureau (CFPB) to include other government agencies. The bank, which has card tie-ups with Apple Inc and General Motors Co, made the disclosure in a regulatory filing. It had said last year that the CFPB is looking into ...
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February 24, 2023 Banking
Bloomberg South Africa’s rand is on track for a sixth consecutive week of declines versus the dollar — but there are indications the selloff may be about to ease. One of this year’s worst emerging-market performers, the rand has carried a heavy risk premium amid concerns about the nation’s growth as state-owned power company Eskom Holdings SOC Ltd deploys ...
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February 24, 2023 Banking
Bloomberg Federal Reserve officials may need to raise interest rates as high as 6.5% to defeat inflation, according to new research that was sharply critical of the central bank’s initially slow response to rising prices. In a paper presented at a conference in New York, a quintet of Wall Street economists and academics argue that policymakers still have an ...
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February 24, 2023 Banking
Bloomberg Canadian Imperial Bank of Commerce’s (CIBC) traders gave the bank’s earnings a boost last quarter amid a strong stretch for interest-rate products. Revenue from the capital-markets division rose to C$1.48 billion ($1.09 billion) in the three months through January, up 14% from a year earlier, the Toronto-based bank said. Overall profit topped analysts’ estimates for the fiscal first ...
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February 24, 2023 Banking
Bloomberg North Carolina investment firm founder Greg E Lindberg, who is awaiting retrial on charges he tried to a bribe state official, was indicted in a separate case alleging he orchestrated a $2 billion insurance fraud scheme. Lindberg, 53, and two others were indicted by a federal grand jury in Charlotte, court records show. They’re accused of improperly taking ...
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