January, 2023

• 9 January

  Samsung hit by historic profit fall, spurring capex cut hope

  

  Bloomberg Samsung Electronics Co’s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated. South Korea’s largest company has been grappling with weak demand for memory chips, smartphones and displays as consumers tamp down holiday spending amid soaring interest rates and inflation. Adding to ...

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• 9 January

  Russia says it kills hundreds in revenge strike in Ukraine

  

  Bloomberg Russia’s defense ministry claimed a major strike on Kramatorsk in the Donetsk region, killing hundreds of Ukrainian servicemen in retaliation for the New Year’s Day rocket attack on Makiyivka that killed at least 89 Russian troops. There was no immediate response from Ukraine. The ceasefire unilaterally declared by Moscow over Orthodox Christmas ended on January 7. President Volodymyr Zelenskiy ...

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• 9 January

  Nato declines Serbia request to redeploy in Kosovo: Vucic

  

  Bloomberg Nato won’t let Serbia redeploy its security units in Kosovo, turning down a request made in December 2022 amid soaring tensions between the local Serb minority and Kosovo’s ethnic Albanian authorities, Serbia’s President Aleksandar Vucic says. “We all knew and expected such response” from Nato’s Kosovo Force, or KFOR, Vucic said in interview to Belgrade-based Pink TV. The Nato ...

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• 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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