January, 2023

• 1 January

  Boeing shares jump most in 40 years

  

  Bloomberg Boeing Co shares posted their largest quarterly gain in 40 years after executives laid out a plan to turnaround the company after four years of turmoil that have cemented Airbus SE’s lead as the world’s biggest planemaker. Boeing’s shares soared 57% during the final three months of the year, adding $42 billion to its market value, according to data ...

  Read More »
• 1 January

  Australia to start Covid testing for travellers from China

    Bloomberg Australia said travellers departing China, Hong Kong and Macau will require a negative Covid-19 test before boarding flights to the country. The temporary measure, which will start from January 5, has been put in place because of a “lack of comprehensive information” about the situation in China, Health Minister Mark Butler said. “The decision to implement these temporary ...

  Read More »
• 1 January

  Aldi says ‘YouTube stars’ Prime energy beverage has sold out’

  

    Bloomberg Aldi’s UK supermarkets faced a rush of customers as it quickly sold out of an £1.99 ($2.40) energy drink launched by YouTube stars Logan Paul and KSI. Long queues formed outside the budget grocer’s stores amid a craze for the drink, called Prime, which can sell for over £10 a bottle online. “As with all our Specialbuys, Prime ...

  Read More »
• 1 January

  Philippines forced to shut airspace due to technical issues

  

  Bloomberg The Philippines said hundreds of flights were cancelled or diverted after technical issues related to air traffic navigation, with planes on other international routes also prevented from passing through its airspace. There were no commercial flights in the Philippines on Sunday, according to a tweet by Flightradar24, which tracks air traffic. More than 280 local flights were either delayed, ...

  Read More »
• 1 January

  Chinese jet buzzed Air Force plane: US 

    Bloomberg A Chinese fighter plane flew within 20 feet (6 metres) of a US Air Force reconnaissance aircraft over the South China Sea in what the US Indo-Pacific Command called “an unsafe maneuver.” The unusually close encounter happened on December 21 but wasn’t disclosed until later, when the command issued a statement after verifying the details and getting approval ...

  Read More »
• 1 January

  Germany’s Scholz tells citizens they need to keep saving energy

  

  Bloomberg Chancellor Olaf Scholz urged citizens to continue their energy-saving drive and said Germany’s new floating LNG terminals will make Europe independent of Russian gas for the long term. In his New Year’s address to the nation, Scholz acknowledged that the energy crisis triggered by Vladimir Putin’s invasion of Ukraine was a “tough test” for the continent’s biggest economy. But ...

  Read More »
• 1 January

  Petrobras critic to head Brazil’s state-run oil firm

  

    Bloomberg President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse. Jean Paul Prates, a senator for Lula’s Workers’ Party, confirmed Lula’s invitation in a note sent from his press office. Moments later, Lula congratulated Prates on Twitter, ...

  Read More »
• 1 January

  Fossil fuel power falls 68% as blackouts hit US south

  

    Bloomberg Power plants that burn coal and natural gas to produce electricity had significant drops in generation as a winter storm hit the US Southeast, forcing blackouts that left hundreds of thousands in the dark. Duke Energy Corp. and the Tennessee Valley Authority cut power to homes and businesses during the holiday season as an extreme winter storm pummeled ...

  Read More »
• 1 January

  South Africa’s Eskom backtracks, continues with rolling blackouts

  

  Bloomberg South Africa’s state-owned power company, Eskom Holdings SOC Ltd., will carry on cutting 2,000 megawatts of electricity from the national grid indefinitely due to the breakdown of five generating units, reversing plans to suspend the outages on New Year’s Eve, the utility said in a text message. Eskom has cut power on a record 205 days this year, with ...

  Read More »
• 1 January

  China’s economic activity at slowest since February 2020

  

  Bloomberg China’s abrupt reversal of its Covid Zero policy pushed economic activity — its service sector in particular — to the slowest pace since February 2020, as the virus swept through major cities and prompted people to stay home and businesses to shut. The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau ...

  Read More »