December, 2022

• 28 December

  Gold prices rise on China’s Covid shift

    Bloomberg Gold rose — trading above $1,800 an ounce — as China swept away more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. China will no longer subject inbound travellers to quarantine from early January, adding to the rapid rollback of strict pandemic rules and boosting sentiment towards Asia’s biggest economy. Markets are also ...

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• 28 December

  One of world’s most crowded cities gets first mass-transit rail

  

    Bloomberg Bangladesh’s capital now has its first metro rail, a Japanese-funded project that aims to ease commuting in one of the most congested cities in the world. A section of the over 20-kilometre (12.427 miles) urban rail project, known as Line 6, was inaugurated by PM Sheikh Hasina. The line connects the northern zone of Dhaka to a hub ...

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• 28 December

  Biden to comply with top court order, to prep for Title 42 lifting

  

  Bloomberg President Joe Biden said his administration would comply with the Supreme Court’s order keeping in place sweeping, coronavirus border controls. “The court is not going to decide until June, apparently, and in meantime we have to enforce it,” Biden told reporters after the Supreme Court ordered that the border restrictions, known as Title 42, stay in effect while litigation ...

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• 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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