December, 2022

• 28 December

  Dozens killed as heavy rains lash Philippines

  

    Bloomberg Dozens were killed as heavy rains flooded central and southern Philippines during the Christmas holidays with nearly 400,000 people displaced even without a typhoon. Twenty-five were confirmed dead, mostly in the northern part of Mindanao island, the disaster management council said. Nine others were injured while 26 remain missing, it said. Hundreds of areas were flooded during the ...

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• 28 December

  Giuliani, Trump spoke up to 10 times a day: Panel

    Bloomberg Rudy Giuliani was in daily contact with President Donald Trump between November 5, 2020 and January 15, 2021, as much as 10 times a day, according to testimony by former New York Police Commissioner Bernard Kerik. “The mayor spoke to the president daily, I don’t know, sometimes three times, sometimes 10 times in a day, basically outlining findings, ...

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• 28 December

  Sunak braces for ‘massive disruption’ from strikes

  

  Bloomberg Prime Minister Rishi Sunak’s spokesman, Jamie Davies, told reporters the government acknowledges the strikes hitting the UK are causing “massive disruption.” “If you look at rail specifically, it has hindered people’s ability to go to work, to get to school, to go about their daily lives,” Davies said. “We want the strikes to end; we don’t want to see ...

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• 28 December

  Zelenskiy, BlackRock chief discuss postwar rebuilding

  

  Bloomberg Ukrainian President Volodymyr Zelenskiy said he had discussed the postwar rebuilding effort with BlackRock Chief Executive Officer Larry Fink as his government prepares to participate in the World Economic Forum (WEF) in Davos next month. “Specialists of this company are already helping Ukraine to structure the fund for the reconstruction of our state,” Zelenskiy, who had a video call ...

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• 28 December

  Japan election to come before tax hike: Kishida

  

  Bloomberg Japanese Prime Minister Fumio Kishida said he expected the next general election to come before a possible hike in taxes that has met resistance from the public and is intended to fund his unprecedented expansion of defense spending. “We will be asking the people to take on an extra burden starting at an appropriate time between 2024 and 2027,” ...

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• 28 December

  BNP defends $20b ESG call as downgrades feed debate

  

    Bloomberg The asset management arm of BNP Paribas SA said using a different interpretation of “sustainable investment” than some of its peers has allowed it to keep the European Union’s top ESG tag attached to about $20 billion worth of funds. Firms including BlackRock Inc, Amundi SA and Axa Investment Managers have reclassified more than $140 billion of so-called ...

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• 28 December

  Japan moves to ease crypto token listings

  

  Bloomberg Japan will make it easier for cryptocurrency exchanges to list tokens, pressing ahead with plans to liberalise the industry even after the epic failure of Sam Bankman-Fried’s digital empire. The body that governs crypto exchanges informed member companies of the new rule which takes effect immediately, enabling them to list coins without going through a lengthy pre-screening unless the ...

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• 28 December

  Wall Street’s big banks score $1trn of profit in one decade

  

  Bloomberg Malick Diop felt something shifting on Wall Street. He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day. “It really felt like, for the first time, the job and ...

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• 28 December

  Solana tumbles again, bringing crypto token’s plunge to 94%

    Bloomberg Solana, the cryptocurrency backed by fallen crypto mogul Sam Bankman-Fried, tumbled amid concerns that large holders may be about to offload the token. Solana dropped as much as 12% on Wednesday and was trading 8.8% lower as of 8:40 am in London. Other tokens saw modest declines, with Ether slipping 1.3% and Bitcoin down 0.3%. While other so-called ...

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• 28 December

  Indian fintechs to face tough 2023, says Bain & Company

  

    Bloomberg India’s $50 billion fintech industry will face hurdles in the form of tougher regulatory scrutiny and tighter liquidity leading to higher cost of capital for some companies next year, Rakesh Pozhath, partner at consulting firm Bain & Company, said. Investors into the country’s fintech space that has drawn heavyweights from Warren Buffett’s Berkshire Hathaway Inc to Masayoshi Son’s ...

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