January, 2023

• 10 January

  Brazilian president Lula says rioters will fail in coup attempt

  

  Bloomberg A day after Brazil’s capital was stormed by his predecessor’s supporters, President Luiz Inácio Lula da Silva worked from his office, where he met with the country’s governors as well as the heads of congress and the Supreme Court. “We are not going to allow democracy to slip out of our hands,” Lula said at the meeting. “They want ...

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• 10 January

  EU and Nato sign new cooperation agreement

  

  Bloomberg The European Union and Nato further solidified their relationship Tuesday when European Commission President Ursula von der Leyen, European Council President Charles Michel and Nato Secretary General Jens Stoltenberg signed a new joint declaration of cooperation. A top Biden administration official said a deal struck by the new Republican House majority to cap 2024 spending would not imperil aid ...

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• 10 January

  Macron, Kishida vow closer cooperation in Indo-Pacific region

  

    Bloomberg French President Emmanuel Macron and Japanese Prime Minister Fumio Kishida pledged to strengthen cooperation in the Indo-Pacific region amid shared concerns over China and North Korea. Speaking to reporters in Paris, Macron and Kishida highlighted challenges including security as areas where they can increase cooperation. The leaders looked to a new round of joint military exercises as well ...

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• 10 January

  Thai election jockeying heats up as PM joins new party

  

  Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha joined a new party as he looks for ways to extend his eight-year rule despite term limits, signaling shifting alliances and a ramp up in political jockeying ahead of elections slated for May. On Monday, Prayuth became a member of the newly-formed Ruamthai Sarngchart party, which has pledged to name the former army chief ...

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• 10 January

  Illinois lawmakers pass assault weapons ban

    Bloomberg Illinois lawmakers approved a bill that will ban the sale and manufacturing of certain assault weapons in the state. The state’s Democratic-controlled senate passed the legislation by a margin of 34-20 late Monday after deliberations that started on Sunday, with Governor J.B. Pritzker pushing for the ban at his inauguration speech in the afternoon. The bill comes in ...

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• 10 January

  Goldman to slash 3,200 jobs this week after cost review

  

    Bloomberg Goldman Sachs Group Inc is embarking on one of its biggest rounds of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs. The firm is expected to start the process mid-week and the total number of people affected will ...

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• 10 January

  Europe’s bond sales top $130bn in record time

  

    Bloomberg A deluge of debt sales in Europe has pushed issuance for the year beyond $130 billion in just a matter of days. More than 80 predominantly high-grade borrowers have piled in to the market in January to lock in funding that’s around the cheapest since the summer, according to data compiled by Bloomberg. It’s the fastest start to ...

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• 10 January

  Zimbabwe currency drops to record against US dollar

    Bloomberg Zimbabwe’s currency plunged to a record in the unauthorised market after the central bank urged suppliers not to buy foreign exchange with payment they recently received from the government. The Zimbabwean dollar traded at between Z$950-Z$1,100 to the US dollar in the parallel market, according to Zimpricecheck.com, a website which monitors unofficial and official rates. That’s the lowest ...

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• 10 January

  Morgan Stanley’s onetime CEO candidate exits firm

    Bloomberg Morgan Stanley Chief Operating Officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting firm. Pruzan, who’s leaving at the end of the month, departs after a 28-year run that included a six-year stint as chief financial officer — the public face of the ...

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• 10 January

  Coinbase fires 950 staff

    Bloomberg Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest US digital-asset exchange. Co-founder and Chief Executive Officer Brian Armstrong announced the job reductions in a blog post on Tuesday, saying the steps were needed to weather the industry downturn. In June, ...

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