Bloomberg Venezuelan President Nicolas Maduro suffered a rare electoral loss when his candidate was defeated in a vote to elect the next governor of Barinas state, the birthplace of Hugo Chavez, who started the so-called socialist revolution. Jorge Arreaza, a former foreign minister and Chavez son-in-law, conceded defeat to little-known opposition candidate Sergio Garrido. The Electoral Council said Garrido ...

  Bloomberg Canada’s labour market beat expectations in December, a strong end to a record year for employment gains. Employment rises 54,700 last month, Statistics Canada reported in Ottawa. That’s more than double the 25,000 gain economists were predicting in a Bloomberg survey. Full-time jobs actually surged by 123,000, as many part-time workers shifted to more permanent employment — another ...

  Bloomberg Germany suffered its costliest natural disaster on record last year, as flash floods led to damages that vastly exceeded the amount covered by insurers. Torrential rainfall that devastated parts of western Germany in July 2021 cost Europe’s biggest economy $40 billion, according to a Munich Re report. Roughly a quarter of that will be met by the insurance ...

  Bloomberg The New York Times Co agreed to buy the Athletic, acquiring a sports-news website with more than 1 million subscribers. The newspaper publisher is paying $550 million for the Athletic, which will remain a standalone product, Times Chief Executive Officer Meredith Kopit Levien said in a statement. The deal is expected to close by the end of March. ...

  Bloomberg UK property developers must contribute to a 4 billion-pound-fund ($5.4 billion) to fix dangerous cladding on low-rise apartment blocks by March or face new regulations that would force them to pay, Housing Secretary Michael Gove said. Gove said it was “morally wrong” that homeowners were still trapped in unsafe and unsellable apartments more than four years after the ...

Bloomberg Polish inflation hit a 21-year-high, exceeding most analysts’ forecasts and boosting expectations that the central bank will keep raising interest rates. Consumer prices in December jumped 8.6% from a year earlier, compared with 7.8% in November, preliminary data showed. The reading was above a median of 8.2% in a Bloomberg survey of 23 economists. This week, Governor Adam Glapinski ...

  Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...

  Bloomberg European stocks bounced back from their biggest decline in six weeks as Treasury yields steadied a day before a key American inflation reading. Technology stocks led the advance in the Stoxx Europe 600 Index after the tech-heavy Nasdaq 100 recovered following four negative sessions. US futures edged higher. Benchmark Treasury yields stabilised near 1.75% after reaching 1.8% in ...

  Bloomberg Japan’s largest exchange operator disclosed the components of three new market sections on Tuesday, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement. Japan Exchange Group Inc said 1,841 constituents would make up the new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday made a telephone call to Kassym-Jomart Tokayev, President of Kazakhstan. During the conversation, His Highness Sheikh Mohamed bin Zayed emphasised the UAE’s support for everything that could ensure the stability of ...