October, 2022

• 6 October

  US is defeating Putin in the war of coercion

  

  The US and Russia are waging the most intense contest in great-power coercion since the height of the Cold War. Russian President Vladimir Putin is using nuclear threats and other escalations in a bid to avoid humiliation in Ukraine. Washington is wielding its own array of pressures to force Putin to accept just that outcome. The good news is that, ...

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• 6 October

  Hong Kong dollar bears are curiously quiet

  

    If there’s one city in the world that has reason to welcome the latest bout of global currency turmoil, it’s Hong Kong. With Britain shooting down the pound, Japan intervening to support the yen for the first time in almost a quarter-century, and Europe’s single currency reaching a two-decade low, there’s less attention on the Chinese territory’s 39-year-old dollar ...

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• 6 October

  BOE should pull its own U-turn on gilt sales

    “The better part of valor is discretion,” Shakespeare wrote in Henry IV, Part One. Chancellor of the Exchequer Kwasi Kwarteng bowed to the inevitable and U-turned on his plans to lower the highest rate of income tax. The Bank of England should mirror his caution by shelving plans to sell its bond holdings for at least the rest of ...

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• 6 October

  World’s most important market needs some work

    Treasury securities play a crucial role in global finance. They’re widely viewed as a close substitute for dollars, a safe place to park everything from a company’s cash to a central bank’s reserves. They provide a benchmark for determining the value of a vast array of assets, including mortgages, corporate bonds and shares in public companies. They’re the ultimate ...

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• 6 October

  Boeing’s 737 Max 10 may not be approved by FAA until next summer

  

    Bloomberg Boeing Co. doesn’t expect its 737 Max 10 model to be ready for certification until next summer at the soonest, US aviation regulators told a key lawmaker. The planemaker’s latest plan was relayed in a letter from Federal Aviation Administration (FAA) acting Administrator Billy Nolen to Senator Roger Wicker, a Mississippi Republican. The comments provided the latest indication ...

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• 6 October

  Nestle to invest $1b towards sustainable coffee farming

  

    Bloomberg Nestle SA, the world’s largest coffee company, will invest more than 1 billion Swiss francs ($1 billion) by 2030 to encourage farmers supplying its Nescafe brand to employ more sustainable farming methods as climate change and extreme weather threaten crops. Nestle will offer training about the best planting techniques as well as cash incentives to motivate farmers to ...

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• 6 October

  Poland in talks with US about nuclear-weapons sharing

  

  Bloomberg Poland has spoken to the US about sharing atomic weapons to counter the growing threat from Russia, President Andrzej Duda said, after the Kremlin stepped up nuclear saber-rattling over Ukraine. The biggest eastern European Nato member has been ramping up military spending following Russia’s invasion of neighboring Ukraine, but until now officials haven’t said they’ve spoken with allies seeking ...

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• 6 October

  Taiwan pledges to keep advanced chips from Chinese military

  

  Bloomberg Taiwan pledged to work closely with the US and other allies to prevent China’s military from acquiring state-of-the-art technology, as Washington steps up efforts to contain the world’s No. 2 economy. Taiwan, home to the world’s largest semiconductor foundry, will keep its advanced chip development at home, while adopting measures to stop its tech from being used by the ...

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• 6 October

  Myanmar military-linked party names junta chief’s ally as leader

  

  Bloomberg A Myanmar military-linked party has named a close ally of junta chief Min Aung Hlaing as its leader, a sign the country is gearing up for national elections next year. The Union Solidarity and Development Party’s executive members elected Khin Yi as the new chairman to replace Than Htay who resigned due to his health. The party had also ...

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• 6 October

  Ethiopia accepts invitation to talks on ending conflict

  

    Bloomberg Ethiopia’s government accepted an invitation by the African Union to talks about ending the nation’s two-year civil war. The continental body invited Ethiopia’s government and dissident Tigray fighters to talks in South Africa scheduled for October 8, according to a copy of the letter seen by Bloomberg that was verified by an African Union official. South African Department ...

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