January, 2023

• 31 January

  German recession risk rises after surprise contraction

    Bloomberg Germany’s economy shrank 0.2% at the end of last year — a worse outcome than previously flagged and one that makes a recession on the back of rising energy bills more likely after all. The figures Monday from the statistics office contrast with an estimate this month for output to have stagnated in the fourth quarter. They also ...

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• 31 January

  Spanish inflation unexpectedly jumps after months of easing

  

    Bloomberg Spanish inflation unexpectedly quickened in January after a five-month run of slowing price growth, prompting traders to boost their bets on how high the European Central Bank will raise interest rates. Consumer prices advanced by 5.8% from a year ago, up from the previous month’s 5.5% increase, the statistics institute in Madrid said Monday. That’s well above the ...

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• 31 January

  UK warns builders to sign ‘cladding pledge’

    Bloomberg Britain’s homebuilders have six weeks to sign a UK government contract that will commit them to repair unsafe cladding on apartment blocks — or face banishment from the housing market. The pledge will commit firms to spend an estimated £2 billion ($2.5 billion) to fix tall buildings they developed or refurbished over the past 30 years, according to ...

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• 31 January

  Sunak says UK can’t raise taxes to end dispute with nurses

  

  Bloomberg Prime Minister Rishi Sunak said he cannot raise UK taxes to fund pay rises for workers in the state-run National Health Service. “Where we are with taxes at the moment, we can’t put them up,” Sunak told an audience of health-care workers in northeastern England, adding that government spending on the NHS is at a historical high. “The pie ...

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• 31 January

  North Korea could get a lifeline from arms sales to Russia

  

  Bloomberg Russia’s hunt for weapons to fire at Ukraine could provide a lifeline for North Korea, where even a relatively modest arms deal would help lift the country’s cash-starved and stagnant economy into growth. The US made fresh accusations this month that Kim Jong Un is providing arms and ammunition to aid Putin’s war, including sending shells and rockets. While ...

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• 31 January

  At least 28 killed, scores injured in Pakistan blast

    Bloomberg At least 28 people were killed and more than 100 others wounded in a bomb blast at a mosque in a security compound in northwestern Pakistan, officials said. It was the worst such attack in almost 11 months. The explosion in Peshawar took place Monday during afternoon prayers, inside an area where the town’s police headquarters and other ...

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• 31 January

  Turkey only backs Finland’s bid for Nato membership

    Bloomberg President Recep Tayyip Erdogan said that Turkey may ratify only Finland’s bid to join Nato, in a move that could delay Sweden from gaining membership. “Sweden will be shocked when we give a different response to Finland’s bid,” Erdogan said Sunday on state-run TRT. Turkey has balked at ratifying Sweden’s bid over its hesitance to wage a crackdown ...

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• 31 January

  China dismisses US claims of support for Russia as ‘paranoia’

  

  Bloomberg China hit back at a report that the US has confronted it with evidence suggesting some of its state-owned firms may be helping Russia’s war in Ukraine, saying Washington should stop sending weapons if it wants the conflict to end. China “would never add fuel to the fire, still less exploit the crisis,” Foreign Ministry spokesperson Mao Ning said ...

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• 31 January

  Kishida faces calls for election over ‘defense tax’

  

  Bloomberg Japanese voters want an election before any hike in taxes to fund Prime Minister Fumio Kishida’s plans for a record increase in defense spending and providing more support for families with children, according to two polls. About 63% of respondents to a poll by the Nikkei newspaper carried out Jan 27-29 and 77% of those who took part in ...

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• 31 January

  NZ’s Hipkins boosts chances of Labour at election, poll shows

    Bloomberg New Zealand’s new Prime Minister Chris Hipkins has boosted his party’s chances at this year’s election, with a poll showing him neck-and-neck with his opponents less than eight months out from the ballot. Support for Hipkins’ Labour Party rose 5 percentage points to 38% in a 1News/Kantar poll published Monday in Wellington, while the main opposition National Party ...

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