January, 2023

• 16 January

  Amazon HR staffers turn from hiring to seeking jobs themselves

  

  Bloomberg With job cuts mounting across tech, finance and other industries, why wait to get fired when you can skip directly to being hired? The move, called “career cushioning,” involves lining up a plan B while still fully employed, especially when job cuts are imminent. This is usually done discreetly — perhaps a networking call taken during lunch, or taking ...

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• 16 January

  Wendy’s holder drops takeover push

    Bloomberg Wendy’s Co.’s largest shareholder, Trian Fund Management LP, said it won’t pursue a deal for the company after signs that the business is improving. Trian said in a filing that it informed Wendy’s board that it wouldn’t propose a transaction at this time. The firm believes in the future of Wendy’s and is “confident in the company’s growth ...

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• 16 January

  European assets now all the rage as US markets sputter

  

    Bloomberg After years of playing second fiddle to the US, European assets are now charging ahead and leaving Wall Street in the dust. Euro-area equity markets are up 38% since the end of September in US dollar terms, and enjoying their best start to a new year ever. Meanwhile, the region’s investment-grade credit is ahead of its US peers ...

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• 16 January

  Poland expects to get EU recovery funds in second half of 2023

    Bloomberg Poland expects to obtain a first tranche of European Union aid in the second half of this year, Premier Mateusz Morawiecki said on Saturday. A bill that promises to give the government access to €35.4 billion ($38.3 billion) in post-pandemic funding cleared its first hurdle on Friday after the ruling party secured a majority in parliament to push ...

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• 16 January

  UK gives rail firms permission to make new offer to unions

  

    Bloomberg UK Transport Secretary Mark Harper has given rail companies permission to make a new offer to unions this week in a bid to ending strikes. A “revised mandate” had been given to rail companies to go into negotiations in the coming days and it’s important to give the two sides space “to try and reach a conclusion,” Harper ...

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• 16 January

  US household formation late last year seen slowing further

  

  Bloomberg High inflation, rising interest rates and increased economic uncertainty may be telegraphing a further slowdown in US new household formation during the closing months of 2022. A slowdown in home sales due to high mortgage rates, coupled with the latest figures from RealPage Market Analytics that show a sharp decline in apartment demand — the first since 2009 — ...

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• 16 January

  China’s imports of ICs fall in two decades

    Bloomberg China’s imports of integrated circuits declined in 2022 for the first time in almost two decades. Imports of ICs fell 15% last year to 538.4 billion units from 635.6 billion units in 2021, according to data from General Administration of Customs released Friday. That’s the first annual drop since at least 2004 when Bloomberg started tracking the data. ...

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• 16 January

  Germany wants to reuse data centers’ heat. No one is buying it

  

  Bloomberg Germany wants to force its power-hungry data centers to harness excess heat for warming residential homes — an effort which the industry warns is likely to fall flat. The country has become one of the largest global hubs for data centers thanks to its clear data protection and security laws. Politicians are now trying to re-purpose some of their ...

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• 16 January

  Ukraine apartment tower strike by Russia kills at least nine

  

  Bloomberg At least nine people were killed and dozens others wounded after a Russian missile strike demolished much of a high-rise apartment building in the Ukrainian city of Dnipro. The hit was part of Russian coordinated strikes on Ukraine after a roughly two-week pause, starting with what were called ballistic-type missiles aimed at Kyiv and the surrounding region in the ...

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• 16 January

  Pakistan Punjab legislature dissolved as political crisis grows

    Bloomberg Pakistan’s Punjab state has dissolved the local legislature on the advice of the chief minister, an ally of former premier Imran Khan, in a bid to force snap elections. The dissolution took effect after a 48-hour deadline for Governor Baligh ur Rehman to respond to Chief Minister Chaudhry Parvez Elahi’s advice passed late Saturday night. The governor said ...

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