January, 2023

• 28 January

  Hunt dismisses UK tax cuts and pushes against green subsidies

  

  Bloomberg Chancellor of the Exchequer Jeremy Hunt dismissed calls for tax cuts and pushed back against green energy subsidies, warning that “sound money must come first” as he argued that Brexit will drive UK economic growth. In an interview with Bloomberg TV, Hunt said: “At the moment, we don’t have the headroom for major cuts. Businesses want that, who wouldn’t? ...

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• 28 January

  Londoners are selling homes on WhatsApp

    Bloomberg A record share of Londoners are shunning property portals and opting to sell their homes on their own terms — which are increasingly negotiated over WhatsApp. Almost a quarter of London homes were sold off-market in the final three months of last year, according to broker Hamptons International. That’s more than double compared to the same period of ...

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• 28 January

  Britishvolt’s founder says UK battery sector is ‘doomed’

  

    Bloomberg The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this month. The company could have been saved had the government given it only a ...

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• 28 January

  Russia’s Putin planning new Ukraine push despite losses

  

    Bloomberg Nearly a year into an invasion that was supposed to take weeks, Vladimir Putin is preparing a new offensive in Ukraine, at the same time steeling his country for a conflict with the US and its allies that he expects to last for years. The Kremlin aims to demonstrate that its forces can regain the initiative after months ...

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• 28 January

  Palestinians abandon security ties with Israel after deadly Jenin raid

  

  Bloomberg The Palestinian Authority said it’s ending security ties with Israel after nine civilians were killed in a West Bank gunfight, in an escalation in violence that was later followed by a rocket attack from the Gaza Strip. Mahmoud Abbas, president of the Palestinian government body, on Thursday announced three days of mourning following the clashes in the city of ...

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• 27 January

  Ex-Nato general vies with billionaire for Czech presidency

  

  Bloomberg A retired Nato general will seek to fend off an attempted political comeback by the Czech Republic’s billionaire former premier as the nation votes in a presidential runoff election. Petr Pavel, who once served as Nato’s highest-ranking military officer, is favored to win the contest to become head of state after narrowly defeating former Prime Minister Andrej Babis a ...

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• 27 January

  Myanmar junta plans polls with tough rules

  

  Bloomberg Myanmar’s military government took an early step toward holding parliamentary elections, but it did so by imposing strict rules on political parties that may make fair balloting difficult. The country has been under sanctions, including by the US and EU, since the coup in 2021 that toppled the civilian government led by Aung San Suu Kyi. Seeking to ease ...

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• 27 January

  Thai ruling party picks Prawit as prime minister candidate

    Bloomberg The main party in Thailand’s ruling coalition named Deputy Prime Minister Prawit Wongsuwan as its sole premier candidate in general elections slated for May. Prawit, a former army chief and long-time ally of incumbent Prime Minister Prayuth Chan-Ocha, was the unanimous choice of about 500 party members at a general meeting of the Palang Pracharath Party held in ...

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• 27 January

  BNP Paribas blasted for energy goals that let emissions grow

  

    Bloomberg BNP Paribas SA’s targets for reducing funding of fossil fuels are inadequate as they leave room for firms like TotalEnergies SE to increase their output, activists including Reclaim Finance said. The Paris-based lender announced that it would reduce its funding of oil extraction and production by more than 80%, to less than €1 billion ($1.1 billion) by 2030. ...

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• 27 January

  BofA appoints 360 managing directors, with focus on diversity

  

    Bloomberg Bank of America Corp (BofA) named 360 managing directors, with more than half of the promotions awarded to women or people of colour. The appointments mark the third consecutive year that underrepresented groups made up the majority of the class, one of the people said, asking not to be identified discussing personnel matters. The executives were notified in ...

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