December, 2022

• 22 December

  Malaysia scheduled to present budget 2023 by early March

    Bloomberg Malaysia will have to present the new spending plan for 2023 to parliament by the first quarter of next year, Prime Minister Anwar Ibrahim said. He said this as he tabled a special allocation involving 107.7 billion ringgit ($24 billion) in the House of Representatives. Anwar, who doubles as finance minister, said the bill was for the purpose ...

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• 22 December

  Food inflation fears send Thai rice exports to four-year high

  

    Bloomberg Thailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation. Exports will probably climb to 8 million tons this year as a weak currency boosts competitiveness and countries such as China look to rebuild ...

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• 22 December

  Korea early trade shows more export drop

    Bloomberg South Korea’s early trade data showed an export-slump persisting in December in the face of stiffening global economic headwinds. Shipments decreased 8.8% in the first 20 days of the month compared with a year earlier, the customs office said on Wednesday. That compares with a 14% drop for the full month of November. The country posted a $6.43 ...

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• 22 December

  VW tells staff in China to work more hours as Covid spreads

  

  Bloomberg Volkswagen AG is requiring employees at one of its factories in southern China to work extended hours to compensate for production losses after staff came down sick with Covid, a person familiar with the matter said, as a wave of infections snakes across the country. The German carmaker has arranged for staff in several workshops at a plant it ...

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• 22 December

  Zelenskiy visits US with Biden offering more funds, weapons

  

  Bloomberg US President Joe Biden will unveil nearly $2 billion in assistance and announce moves to deliver a Patriot missile battery to help Ukraine bolster its defenses this winter as its leader, Volodymyr Zelenskiy, arrives in Washington on Wednesday to deliver an in-person address to Congress. Zelenskiy left Ukraine for the first time since Russia invaded in February and at ...

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• 22 December

  UK may house asylum seekers in cruise ships

  

  Bloomberg Home Secretary Suella Braverman suggested the UK may use cruise ships to house asylum seekers in an attempt to cut costs the government estimates will run to £3.5 billion ($4.2 billion) this tax year. “Nothing is excluded,” Braverman told lawmakers when asked if vessels will be used. It’s an idea Prime Minister Rishi Sunak floated during the summer leadership ...

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• 22 December

  Kosovo’s EU membership bid to get consideration in 2023

    Bloomberg The European Union (EU) will look into Kosovo’s application to join the bloc as soon as Sweden takes over the rotating presidency in January. The bid will have to be carefully mulled as it’s a sensitive issue for many member states, according to a person familiar with the matter who spoke on condition of anonymity. Five of 27 ...

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• 22 December

  Xi vows to work with Australia for ties

  

  Bloomberg Chinese President Xi Jinping exchanged congratulatory messages with his Australian counterpart to mark the 50th anniversary of diplomatic relations, the latest sign of warming ties between the two major trade partners. State broadcaster China Central Television (CCTV) reported on Wednesday that Xi had sent messages to Prime Minister Anthony Albanese and Governor General David Hurley. Xi said China was ...

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• 22 December

  Nara lawyer pushed for clarity on Trump papers

  

  Bloomberg The National Archives and Records Administration (Nara) released another set of documents related to the storage of classified material and presidential documents at Mar-a-Lago by ex-President Donald Trump. The 573-pages of emails show how Gary Stern, Nara’s general counsel, pushed officials internally to set the record straight after news reports first surfaced last February claiming the agency “raided” Mar-a-Lago ...

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• 22 December

  Peru approves reform for early vote

  

  Bloomberg Peru’s congress approved a constitutional reform to hold early presidential elections in a second bid to alleviate a political crisis that’s seen widespread unrest since former President Pedro Castillo was removed from office December 7. The reform passed by a two-thirds majority calls for early elections in April 2024, shortening the term of Castillo’s successor, Dina Boluarte, to July ...

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