September, 2022

• 30 September

  Russia and Belarus opposition heads top Nobel Prize shortlist

    Bloomberg Belarus opposition leader Sviatlana Tsikhanouskaya and Russia’s jailed opposition leader Alexey Navalny top the shortlist for potential winners of this year’s Nobel Peace prize, the Peace Research Institute Oslo said in annual predictions. “Both Tsikhanouskaya and Navalny are vocal critics of the Russian invasion of Ukraine,” according to a statement in Oslo on Friday. “A shared Nobel Peace ...

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• 30 September

  Bolsonaro, Lula go on attack in debate on eve of Brazil vote

  

  Bloomberg Brazilian President Jair Bolsonaro and leftist challenger Luiz Inacio Lula da Silva traded insults in a televised debate that marked their final face off before Sunday’s election, with polls giving the opposition leader a wide lead. The men went on the attack from the get-go, with Bolsonaro calling Lula a “liar,” “ex-convict” and “gang leader.” The comments drew a ...

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• 30 September

  Thai PM Prayuth can continue in office: Court

  

    Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha will remain in office after the highest court ruled he hadn’t breached a constitutional term limit, handing him a victory as political jockeying increases ahead of elections that must be called by March. The nine-member Constitutional Court said Friday the eight-year term limit can’t be imposed retroactively on Prayuth, who first took office ...

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• 30 September

  Polish prime minister loses chief aide after email leaks

    Bloomberg Polish Prime Minister Mateusz Morawiecki’s chief aide resigned after becoming embroiled in an email-hacking scandal that has plagued the government for more than a year. Leaks of emails allegedly stolen from aide Michal Dworczyk’s private inbox exposed sensitive correspondence with administration officials including Morawiecki and became frequent media fodder. Dworczyk, who stepped down Friday, said the account was ...

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• 30 September

  German inflation hits double digits for first time in euro area

  

    Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

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• 30 September

  US jobless claims fall to lowest since late April

  

    Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

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• 30 September

  Canadian economy sputters into lower gear as interest rates bite

  

    Bloomberg Canadian economic activity remained weak through the summer and job vacancies fall, a clear sign growth has begun to sharply slow down. Gross domestic product was flat in August, preliminary data from Statistics Canada show, after gaining just 0.1% in July and June. Since April, growth has averaged just 0.1% on a monthly basis. In a separate report, ...

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• 30 September

  Porsche rises in landmark IPO

    Bloomberg Porsche AG gained during its trading debut after parent Volkswagen AG set the final listing price for the sports-car company at the upper limit in defiance of market upheaval. The maker of the 911 rises as much as 2.9% to €84.88 in Frankfurt, against a decline of as much as 2% in Germany’s leading DAX index. The offer ...

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• 30 September

  Cost of average UK mortgage may rise 70% by March

  

    Bloomberg Tremors are continuing to ripple through the UK mortgage market despite the Bank of England’s intervention to calm financial turbulence. Higher borrowing costs for lenders means the average monthly cost of a two-year fixed-rate mortgage will rise by 70% by March from January this year, Bloomberg Economics estimates. The cost of a two-year fixed-rate mortgage on an average-priced ...

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• 30 September

  China’s Tencent loses crown in world’s biggest stock wipeout

  

  Bloomberg Tencent Holdings Ltd has lost its title as China’s biggest company, the latest sign of how far regulatory risk and dimming growth prospects has set back the country’s technology industry. Shares of the online gaming company have tumbled 64% in Hong Kong since a January 2021 peak, wiping $623 billion off its market value. That’s more than any other ...

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