January, 2023

• 9 January

  Taiwan’s export outlook bearish on weak demand

  

    Bloomberg The decline in Taiwan’s exports is likely to accelerate as rising global inflation and China’s surging Covid outbreak sap demand, an economic official said. Overseas shipments decreased 12.1% in December from a year earlier, after falling 13.1% the previous month, the Ministry of Finance said. The median estimate in a Bloomberg survey of economists was for a 15.8% ...

  Read More »
• 9 January

  Thailand to reintroduce entry rules as China borders reopen

  Bloomberg Thailand will reintroduce Covid-19 entry requirements for foreigners flying into the country from Monday, the nation’s transport minister said, as the Southeast Asian nation prepares for an expected wave of tourists from China. Adults must show proof of at least two vaccinations, or recovery from the virus since July, according to comments from Saksayam Chidchob published on the minister’s ...

  Read More »
• 9 January

  Chinese tycoon Jack Ma to give up controlling rights of Ant

  

    Bloomberg Jack Ma is giving up controlling rights of Ant Group Co, as the billionaire further retreats from his online empire following China’s unprecedented tech crackdown. The company is offering 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma’s control of Ant, according to an announcement. The adjustment will not change economic interests of ...

  Read More »
• 9 January

  Vietnam’s VinFast delays first US car deliveries

    Bloomberg VinFast, an electric carmaker backed by Vietnam’s richest man, delayed vehicle deliveries to its first US customers to this month because of holidays in America. The Vietnamese company, a unit of conglomerate Vingroup JSC, is also working out procedures with banks for customers to access loans, the company said in a statement. “We are currently signing sales contracts ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »