January, 2023

• 23 January

  UK’s Sunak looks to pay deals to avert February strike chaos

  

  Bloomberg UK Prime Minister Rishi Sunak will look to begin closing a series of pay deals with trade unions, as the government enters 10 days of crunch talks ahead of coordinated strike action planned for early February. Members of the Cabinet have told Sunak he must act fast to avoid a week of strikes that threaten to bring the country ...

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• 23 January

  ZF’s $3b chip factory in Germany to power EVs

    Bloomberg Auto supplier ZF Friedrichhafen AG and Wolfspeed Inc. plan to build a $3 billion wafer factory in Germany’s Saarland to make chips for electric vehicles and other applications, a boon for a region dependent on combustion-engine components, said people familiar with the matter. The go-ahead for the project is subject to commitments on subsidies amounting to a quarter ...

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• 23 January

  Austin warns US allies time is short before Russian offensive

  

  Bloomberg Secretary of Defense Lloyd Austin said time is running out to give Ukraine the advanced weapons it needs before an expected Russian offensive in the spring, as both the US and Germany hold out against Kyiv’s requests for their most powerful battle tanks. Austin said allied officials agreed at a meeting in Germany on Friday they would ensure that ...

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• 23 January

  Germany and France outline a new Europe that’s under threat

  

  Bloomberg Germany and France renewed calls for a more closely aligned Europe to counter the imperialist ambitions of Russian President Vladimir Putin and to bolster the democratic values that underpin the EU. German Chancellor Olaf Scholz met with French President Emmanuel Macron in Paris on Sunday to celebrate the 60th anniversary of the signing of the Elysee Treaty, which was ...

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• 23 January

  Several people killed in mass shooting near Los Angeles

    Bloomberg Ten people were killed and ten wounded in a mass shooting in Monterey Park, a city east of Los Angeles, following a popular Lunar New Year celebration, the Associated Press reported, citing police. Bob Boese, an officer with the Los Angeles County Sheriff’s Department said the suspect was a male and is still at large. The shooting was ...

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• 23 January

  Lula fires Brazil’s army chief Arruda after riots in capital

    Bloomberg Brazil President Luiz Inacio Lula da Silva dismissed the nation’s top army commander on Saturday, two weeks after rioters stormed public buildings in the capital, Brasilia. Julio Cesar de Arruda will be replaced by Tomas Miguel Ribeiro Paiva, currently chief of the army in the country’s southeast region, Defense Minister Jose Mucio said at a briefing Saturday. The ...

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• 23 January

  Venezuela releases ex-intelligence chief from prison

  

    Bloomberg Venezuela freed the former head of the government’s intelligence agency five years after he was arrested for allegedly instigating a rebellion against President Nicolas Maduro, according to people familiar with the matter. Miguel Rodriguez Torres, a former major general in the army who fell out of Maduro’s favor, was set free Saturday morning and left the country for ...

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• 23 January

  Ex-Nato general set to win Czech presidential race

  Bloomberg A retired general pledging unequivocal support for Ukraine is favored to defeat a billionaire former premier in the final round of the Czech presidential election next weekend, opinion polls showed. In the first round of voting last week, Petr Pavel, who once served as Nato’s highest-ranking military official, finished first by a razor-thin margin, ahead of former Prime Minister ...

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• 23 January

  Intesa sheds up to $21.6bn of assets as ECB faults risk

  

    Bloomberg Intesa Sanpaolo SpA is cutting risk-weighted assets by as much as €20 billion ($21.6 billion) after the European Central Bank (ECB) faulted the lender’s calculations of how much risk it faces. The Italian bank, which comfortably exceeds its capital requirements, is carrying out the reduction via the sale of loans and other assets. It’s also looking at so-called ...

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• 23 January

  ICICI Bank announces 34% jump in Q3 profit

  

    Bloomberg ICICI Bank Ltd. reported 34% growth in profit, helped by surprise improvement in interest margin as lenders in the country continue to report stellar performance, backed by rising demand for loans. Net income was 83.1 billion rupees ($1 billion) in the quarter ended December compared with 61.9 billion a year ago, the company said in a statement. That ...

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