January, 2023

• 9 January

  May tops list of UK MPs’ earnings from side hustles

    Bloomberg Former prime minister Theresa May has earned over £2.5 million on top of her official salary from outside engagements since the last general election, the most of any UK member of Parliament, according to an investigation by Sky News. Overall, parliamentarians earned £17.1 million extra since late 2019 on top of their individual £84,144 annual salaries. Two thirds ...

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• 9 January

  Biden heads to border to face crisis he admits has no easy fix

  

  Bloomberg President Joe Biden will confront one of his biggest political liabilities head-on, as he pays a visit to the US border with Mexico in El Paso, Texas. Biden will see first-hand conditions for migrants and the US officials who process them as they cross from Mexico. He’s facing calls from Democrats and Republicans to more quickly process cases, resettle ...

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• 9 January

  South Africa’s Ramaphosa pledges to fix ANC

  

  Bloomberg South Africa’s governing African National Congress (ANC) is intent on turning itself around and addressing voter disillusionment over poor government services and high levels of crime, poverty and unemployment, President Cyril Ramaphosa said. “The renewable process is irreversible, it is irrevocable,” Ramaphosa told a rally at a stadium in the central city of Mangaung, where the party was founded ...

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• 9 January

  Macron’s pension plan may get oppn nod

  

  Bloomberg French President Emmanuel Macron’s plan to increase the retirement age to preserve the financial balance of the national pension system may get the backing of the Republican opposition party, its leader Eric Ciotti said. An overhaul that would progressively raise the retirement age from 62 currently to 64 in 2032 may be acceptable, the president of the conservative party ...

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• 9 January

  DCG faces US investigation over internal fund transfers

  

    Bloomberg US authorities are digging into the internal financial dealings of Barry Silbert’s expansive crypto empire, according to people familiar with the matter. Federal prosecutors in Brooklyn are scrutinising transfers between Digital Currency Group (DCG) and an embattled subsidiary that offers crypto lending services, said the people, who asked not to be named because the probe hasn’t been made ...

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• 9 January

  China extends gold buying with fresh flows to PBOC

  

    Bloomberg China reported an increase in its gold reserves for a second straight month, topping up holdings again after its first reported purchase in more than three years. The People’s Bank of China (PBOC) raised its holdings by 30 tons in December 2022, according to data on its website. This follows November’s addition of 32 tons, and brings the ...

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• 9 January

  China central bank’s official says growth to be back on track soon

  

    Bloomberg China’s economic growth will return to its “normal” path as Beijing provides more financial support to households and private companies to help them recover after the nation ended its Covid Zero policy. The world’s second-largest economy is expected to quickly rebound because of the country’s optimised Covid-19 response and after its economic policies continue to take effect, Guo ...

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• 9 January

  Careful explanation needed on monetary policy: Kishida

    Bloomberg Japanese Prime Minister Fumio Kishida said careful explanation and communication with markets would be part of consideration on monetary policy, when asked about possible future changes in the Bank of Japan’s ultra-loose policy. His comments in a live interview with public broadcaster NHK came after central bank governor Haruhiko Kuroda last month shocked markets by saying he would ...

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• 9 January

  Sri Lanka forces commercial lenders to money markets

  

    Bloomberg In a bid to force commercial lenders to participate in the domestic money markets, Sri Lanka’s central bank capped their ability to tap an emergency liquidity window to a maximum five times per month. “The Central Bank of Sri Lanka has decided to impose restrictions on the availability of the Standing Facilities to Licensed Commercial Banks under the ...

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• 9 January

  Tanzania names Treasury official central bank boss

    Bloomberg Tanzania’s President Samia Suluhu Hassan appointed Emmanuel Tutuba the nation’s central bank governor, as she moves to tackle the rising cost of living. Tutuba, who has been working as permanent secretary in the Finance Ministry, replaces Florens Luoga after his term expired, according to a statement from the president’s office. The appointment takes immediate effect. Price-growth in the ...

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