December, 2022

• 17 December

  Tesla says new Texas factory is making 3,000 SUVs a week

    Bloomberg Tesla Inc is building 3,000 Model Y SUVs a week at its new Austin, Texas, factory — a sign that the electric-car maker is making up for lost time at the money-losing plant. Tesla shared the new production figure in a tweet. The milestone comes a week after Bloomberg News reported that Chief Executive Officer Elon Musk had ...

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• 17 December

  France faces higher recession risk as downturn in Germany eases

  

  Bloomberg Private-sector activity in the euro area’s top two economies shrank in December, but while France faces a greater risk of falling into recession, the downturn underway in Germany is showing signs of easing as inflation cools. S&P Global’s flash Purchasing Managers Index for France dropped to its lowest level in almost two years, unexpectedly falling to 48 on service-sector ...

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• 17 December

  Renault board empowers CEO de Meo

    Bloomberg Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor. De Meo, 55, will replace Frederic Mazzella on the French company’s 16-member board, the maker of Austral and Megane E-Tech cars said, confirming a previous ...

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• 17 December

  Starbucks staff begin three-day strike as contract talks sour

  

    Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...

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• 17 December

  North Korea tests new engine for long-range missile strikes

  

  Bloomberg North Korean leader Kim Jong-un oversaw the test of a new solid-fuel rocket engine that could enhance the state’s ability to fire off quick-strike, longer-range missiles for delivering nuclear warheads. State media said Kim “guided the important test” of a “high-thrust solid-fuel motor,” noting it was the first of its kind for the country. “This important test has provided ...

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• 17 December

  Putin to visit Belarus for talks with Lukashenko

  

  Bloomberg Vladimir Putin is to travel to Belarus on Monday in his first visit in more than three years to his ally in Russia’s invasion of Ukraine. President Alexander Lukashenko will host Putin in Minsk for talks on security and “joint measures to respond to emerging challenges,” as well as economic cooperation including on import substitution, according to a statement ...

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• 17 December

  Hungary seeks to speed up Ukraine’s EU membership

    Bloomberg Hungary is simultaneously urging the speeding up of Ukraine’s integration into the European Union while maintaining close ties to Russia, according to Prime Minister Viktor Orban’s chief adviser. “‘The Hungarian position is based on the idea of connectivity,” Balazs Orban, who’s unrelated to the premier, said in an interview in Brussels, referring to Russia. “So we should not ...

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• 17 December

  Russian missile barrage knocks out power to Ukrainian cities

  

  Bloomberg A salvo of Russian missiles knocked out power across Ukraine as President Vladimir Putin’s forces continued their campaign of attacking infrastructure. Rockets slammed into residential areas across the country, including the capital Kyiv, according to Mayor Vitali Klitschko. Kharkiv, the country’s second-largest city, and Poltava suffered blackouts in the ninth barrage since October. The attack, which underscores Moscow’s focus ...

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• 17 December

  Japan highlights China challenge in security policy

  

  Bloomberg Japan described China as an “unprecedented strategic challenge” in a new national security policy that sets the long-pacifist nation on course for its biggest increase in defense spending since the end of World War II. The new strategy, approved by Prime Minister Fumio Kishida’s cabinet and seen by Bloomberg in a draft, laid out plans for Japan to develop ...

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• 17 December

  Castillo gets 18-month detention amid protests

  

  Bloomberg Peru’s ousted President Pedro Castillo was ordered to remain in custody for 18 months amid nationwide protests demanding his release and new presidential elections. Judge Juan Carlos Checkley Soria, member of an investigative court under the country’s high court, ordered Castillo detained until June 2024 while he’s investigated for the alleged crimes of rebellion and conspiracy against the state ...

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