November, 2022

• 29 November

  Taiwan cuts its 2022 GDP forecast again

    Bloomberg Taiwan cut its 2022 growth forecast for the third time this year as the global demand slowdown and rising geopolitical tensions with China prove tough to navigate. Gross domestic product is likely to grow 3.06% for the year, the cabinet’s statistics department said. That’s lower than the last formal estimate of 3.76% given in August. The official 2023 ...

  Read More »
• 29 November

  China pushes elderly vaccination as reopening pressure grows

  

  Bloomberg China said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening an economy stuck in an endless loop of harsh Covid Zero curbs. But it stopped short of announcing mandates that helped raise inoculation rates in other countries. Instead, officials vowed to push shots harder in places like nursing centres, ...

  Read More »
• 29 November

  Ukraine’s pleas to join Nato grow, 14 years following compromise

  

  Bloomberg Ukraine’s Nato partners are set to discuss more air-defense systems for the fight against Russia this week, but there won’t be any meaningful progress on a 14-year-old pledge to let Kyiv join their alliance. Nato foreign ministers started holding two days of talks from Tuesday in Bucharest, the site of a 2008 summit at which Ukraine and Georgia were ...

  Read More »
• 29 November

  Sweden, Finland must do more for Nato bid: Turkey

  

  Bloomberg Sweden and Finland have made progress towards winning Ankara’s approval for them to join Nato but they have to go further, Turkish Foreign Minister Mevlut Cavusoglu said. “There are still some issues, they made some progress and some steps were taken but at this moment it’s not sufficient enough,” Cavusoglu told Bloomberg before meeting his Swedish and Finnish counterparts ...

  Read More »
• 29 November

  Taliban offshoot ends Pakistan truce, orders attacks

  

    Bloomberg Pakistan’s junior foreign minister is in Kabul for talks with the Taliban regime a day after a local offshoot of the extremist group ended a ceasefire with the government in Islamabad and announced a resumption of attacks across the nation. Hina Rabbani Khar will hold talks with the Afghan government on multiple issues, including security, according to a ...

  Read More »
• 29 November

  Meloni dismisses clash with France over migrant ships

    Bloomberg Italian Prime Minister Giorgia Meloni is ready to meet with French President Emmanuel Macron to help the two countries get past a diplomatic spat over rescue ships carrying migrants across the Mediterranean, Corriere della Sera reported. “I never had issues with France and I don’t have them today,” Meloni said in an interview with the daily published. “But ...

  Read More »
• 29 November

  Goldman Sachs shifts some London traders to Milan

  

    Bloomberg Goldman Sachs group Inc is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit. The Wall Street giant is relocating staff as it bolsters European offices in the wake of the UK’s departure from the European Union, according to people familiar with the matter. ...

  Read More »
• 29 November

  Ireland may allow banker bonuses for first time since crisis

  

    Bloomberg Ireland is said to be planning to allow banks that were bailed out during the financial crisis to pay bonuses to staff, ending a long-standing ban. A retail banking review will be brought to Ireland’s cabinet and will be published if it is approved, according to the Department of Finance. Bonuses will be one of the issues the ...

  Read More »
• 29 November

  Lloyds to relax mortgage terms for struggling borrowers: CEO

  

    Bloomberg Lloyds Banking group Plc is stepping up help for struggling customers, including mortgage relief, during the UK’s heightened economic stress, according to Chief Executive Officer Charlie Nunn. The bank is talking to British regulators about lengthening the terms of some mortgages as well as moving some customers to interest-only loans or lower-cost products as they adjust to the ...

  Read More »
• 29 November

  Royal Bank to buy HSBC’s Canada unit for $10 billion

  

    Bloomberg Royal Bank of Canada agreed to buy HSBC Holdings Plc’s Canadian unit — the country’s seventh-largest bank — for C$13.5 billion ($10 billion) in cash, expanding its roster of business clients and bulking up its retail presence on the West Coast. The deal is expected to be completed by late 2023, subject to regulatory approvals, Toronto-based Royal Bank ...

  Read More »