January, 2023

• 6 January

  Biden gets gift on Jan 6 anniversary with Capitol mutiny

  

  Bloomberg The second anniversary of the January 6, 2021, insurrection at the US Capitol arrives with the building again in turmoil, this time as House Republicans quarrel over a speaker to lead the chamber. The chaos unfolding on the House floor threatens to tarnish the new GOP majority, which voters put back in power less than two years after a ...

  Read More »
• 6 January

  Salesforce guts Tableau after spending $15.7b in 2019 deal

  

    Bloomberg Salesforce Inc division Tableau was hit harder than other units in the company’s largest-ever round of jobs cuts, adding to a major reorganisation that signals the $15.7 billion acquisition hasn’t lived up to expectations. Chief Executive Officer Mark Nelson was ousted from the data analytics division in late December and more senior staff were axed as part of ...

  Read More »
• 6 January

  German postal workers seek 15% wage increase

  

  Bloomberg Germany’s biggest services union kicked off wage negotiations with Deutsche Post AG pushing for 15% higher pay for about 160,000 postal workers, a demand the company has turned down as “unrealistic.” The Verdi union reiterated the stipulations first put forward in November before the collective bargaining talks got under way, including a €200 a month bump-up for trainees. The ...

  Read More »
• 6 January

  Britain house prices may decline by 8% this year, says Halifax

  

  Bloomberg UK house prices are on track to drop 8% this year after declining for four months in a row, one of the nation’s biggest mortgage lenders said. Halifax said its measure of property prices fell 1.5% last month after a 2.4% decline in November. The figures are similar to a reading from Nationwide Building Society, which last week reported ...

  Read More »
• 6 January

  GSK, CureVac plan further patient trials

    Bloomberg GSK Plc and CureVac NV are planning further patient trials of their messenger RNA vaccines for flu and Covid-19 after promising early results, though the partners still lag behind rivals in the race to expand use of mRNA technology. The partners’ second-generation vaccine candidates showed promising abilities to spur the immune system in early-stage trials, CureVac said. The ...

  Read More »
• 6 January

  Euro-zone inflation’s sharp drop masks underlying pressures

  

  Bloomberg Euro-area inflation returned to single digits for the first time since August, fuelling hopes that the bloc’s worst-ever spike in consumer prices has peaked. December’s reading came in at 9.2%, Eurostat said, with slower growth in energy costs the only reason for the moderation. The figure reflects slowdowns in Germany, France, Italy and Spain and was less than the ...

  Read More »
• 6 January

  China to reclaim third of global emerging-market stock gauge

  

    Bloomberg China’s equities are poised to claim back a one-third weighting in a benchmark emerging-markets index, following a sharp outperformance sparked by an easing of strict Covid-19 curbs and a pivot to pro-growth policies. Stocks listed in the mainland and Hong Kong now account for 32.2% of the MSCI Emerging Markets Index, up from 26.8% in October. The MSCI ...

  Read More »
• 6 January

  Citigroup strategists prefer cheaper Europe stocks over US equities

  

    Bloomberg European stocks better reflect the coming slide in earnings than pricey US peers, according Citigroup Inc. strategists. A team led by Robert Buckland raised European equities to overweight on Friday, saying valuations already discount a 15% drop in earnings. At the same time, they cut US shares to underweight on the grounds that earnings expectations are still too ...

  Read More »
• 6 January

  Sheikh Theyab launches ‘Qidfa Development’ project in Fujairah

  

  Fujairah / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Emirates Council for Balanced Development, has launched the ‘Qidfa Development’ in the emirate of Fujairah, which is the first project of the ‘Emirates Villages’, an initiative aimed at creating a sustainable development model. HH Sheikh Theyab said ...

  Read More »
• 6 January

  UAE strongly condemns terrorist attack in Somalia

    Abu Dhabi / WAM The UAE strongly condemned the terrorist attack that took place in the Hiraan region, central Somalia, which resulted in the death and injury of numerous people. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of ...

  Read More »