December, 2022

• 29 December

  Inflation-wary shoppers pull back as goods pile up in stores

  

  Bloomberg Jude Snair knows retail. She works in the portrait department of a JCPenney at the Newport Centre mall in New Jersey. But with or without an employee discount, the 20-year-old said she was mostly avoiding holiday shopping this year. “It’s looking more that people this year will be receiving homemade things,” Snair said as she filled out appointment sheets. ...

  Read More »
• 29 December

  India brings back Covid tests for flyers from Asian nations

    Bloomberg India will reintroduce mandatory Covid-19 tests for flyers coming from a number of major Asian nations, including China, amid fears of a fresh wave of infections hitting the world’s second-most populated country. RT-PCR tests will be required from travellers coming from China, Hong Kong, Japan, South Korea, Singapore and Thailand, effective from January 1, India’s Health Minister Mansukh ...

  Read More »
• 29 December

  Southwest reins in flight cancellations

    Bloomberg Southwest Airlines Co has cancelled just over three dozen flights for Friday, suggesting the beleaguered carrier may be close to resuming relatively normal operations after a meltdown stranded thousands of passengers. Friday’s tally of 39 cancelled flights has been consistent for the past day, according to flight tracker FlightAware.com. The website so far lists no Southwest flights that ...

  Read More »
• 29 December

  TSMC starts mass production of advanced chips in Taiwan

  

    Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) kicked off mass production of next-generation chips on Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung ...

  Read More »
• 29 December

  India food program rehaul is politically deft: Nomura

  

    Bloomberg India’s move to restructure the world’s biggest food program is a fiscally prudent and a politically deft move, according to Nomura Holdings Inc. The withdrawal of the free food plan was always going to be politically tricky, but the simultaneous reorientation of the food public distribution system makes it an easier political sell, Nomura economists Sonal Varma and ...

  Read More »
• 29 December

  Russia fires heavy salvo on Ukrainian cities

  

  Bloomberg Russia rained scores of missiles on Ukrainian cities in one of its heaviest barrages of the war, pressing further with a campaign to destroy civilian targets as Moscow spurned the prospects of talks to end the invasion. In the 10th large-scale attack since September, President Vladimir Putin’s forces fired 69 cruise missiles, according to Valeriy Zaluzhnyi, Ukraine’s army commander-in-chief. ...

  Read More »
• 29 December

  China says it is up to US to take steps to resume high-level military talks

  

    Bloomberg China said it is up to the US to take steps towards resuming high-level military discussions that were suspended after Nancy Pelosi visited Taiwan, comments that hint at lingering tensions between the world’s two largest economies. “If the US really wants to carry out positive and constructive dialogue and exchange with China, it must show sincerity and take ...

  Read More »
• 29 December

  Serbs unblock roads in Kosovo

  

    Bloomberg Serbs in Kosovo began removing road barricades erected in protest against the largely ethnic-Albanian government, after the US and European Union increased pressure on both sides to avert a new Balkan conflict. After weeks of obstruction, protesters ceased blocking traffic at Merdare, the key border crossing between Serbia and Kosovo, police said. At the same time, two trucks ...

  Read More »
• 29 December

  Britons facing more travel disruption in fresh strikes

    Bloomberg Strike-weary Britons may face further travel disruption on Friday, when road traffic officers and control-room staff begin a two-day action, the latest in a wave of walkouts sweeping across Britain. Members of the Public and Commercial Services union working for National Highways in the southwest and the West Midlands will strike, a move the union said would reduce ...

  Read More »
• 29 December

  BOJ defends yield-curve target with more bond buying rounds

  

    Bloomberg The Bank of Japan (BOJ) announced two additional rounds of unscheduled bond-purchase operations, fighting back against traders betting it will further relax its yield-curve control policy. The central bank offered to buy unlimited amounts of two- and five-year notes at a fixed yield, along with 600 billion yen ($4.5 billion) of one-to-10 year bonds. That was on top ...

  Read More »