February, 2023

• 7 February

  UK engineering company Vesuvius hit by cyber attack

    Bloomberg UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to assess the scale of the attack, it said in a statement on Monday. The shares fell as much as 3.1% in early trading in London. The ...

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• 7 February

  Dell to cut about 6,650 jobs, battered by plunging PC sales

  

  Bloomberg Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go. The company is experiencing market conditions that “continue to erode with an uncertain future,” Co-Chief Operating Officer Jeff Clarke wrote in a memo viewed by Bloomberg. The reductions amount to about ...

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• 7 February

  Swedish krona falls to 14-year low

    Bloomberg The Swedish krona fell to its lowest level against the euro since 2009 as a downturn in the housing market fueled broader investor concern about the Scandinavian nation’s economy. The currency sank as much as 0.6% to 11.4434 per euro, taking its drop in the past 12 months to more than 8%. The krona could get some support ...

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• 7 February

  World’s top gold miner Newmont offers $17b for Newcrest:

  

    Bloomberg Newmont Corp. is offering $17 billion to acquire Australia’s Newcrest Mining Ltd. and create a global precious metal behemoth in the largest takeover deal globally this year. The takeover, if completed, would also be one of the biggest in Australian history, according to data compiled by Bloomberg. Newcrest jumped as much as 14% in Sydney, the most since ...

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• 7 February

  Ukraine defense chief’s removal put on hold amid security risks

  

    Bloomberg A shakeup involving the replacement of Ukraine’s defense chief may be delayed as President Volodymyr Zelenskiy’s government braces for a Russian offensive. A day after a senior lawmaker in Zelenskiy’s party announced that Defense Minister Oleksii Reznikov will be replaced by Ukraine’s head of military intelligence, a parliamentary official said no decisions on staff changes will be made ...

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• 7 February

  Australia, China trade ministers hold talks as relations thaw

  

  Bloomberg China and Australia’s top trade officials have met for the first time since 2019, in the latest sign of warming diplomatic relations between the two countries. Commerce Minister Wang Wentao and Trade Minister Don Farrell held virtual talks on Monday for more than 90 minutes, according to an Australian government statement that confirms a report by Bloomberg News. Both ...

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• 7 February

  UN peacekeeper killed in Congo after regional leaders meet

    Bloomberg A United Nations peacekeeper died and another was seriously wounded after their helicopter was shot at in eastern Democratic Republic of Congo on Sunday, a day after East African Community leaders met to steady a flailing peace process. The helicopter was flying from Beni to the trading hub of Goma when it came under fire from unidentified assailants, ...

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• 7 February

  Venezuela condemns US for shooting down Chinese balloon

    Bloomberg Venezuela condemned what it called an “attack by the United States against an unmanned civilian aircraft of Chinese origin,” taking a clear side in the growing international dispute after a similar balloon was reported over Latin America. The US once again “resorts to the use of force” against a device that didn’t represent any military or physical threat ...

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• 7 February

  BNP reaps reward of $20b ESG fund call with new dominance

  

    Bloomberg As the dust settles on the wave of ESG fund downgrades that swept through Europe’s investment industry, BNP Paribas SA has managed to climb several notches up a controversial ladder. BNP Paribas Asset Management (AM) is now the second-biggest provider of the European Union’s top environmental, social and governance (ESG) fund class, known as Article 9. Its decision ...

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• 7 February

  Australia set to push rates to 10-year high

  

    Bloomberg Australia’s central bank (RBA) is all but certain to increase interest rates at its first meeting of the year, with some observers pointing to the risk of a resumption of outsized moves to counter a surprising surge in inflation. Most economists and traders see the Reserve Bank lifting its cash rate by a quarter-point on Tuesday to 3.35%, ...

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