September, 2022

• 12 September

  Russian defenses crumble as Ukraine retakes key territory

  

    Bloomberg Ukraine’s forces continued their rapid advance in the Kharkiv region on Sunday, exploiting an extraordinary collapse of Russian defenses and raising the question of how far they can go. Unconfirmed reports overnight suggested Kyiv’s troops had taken Velykyi Burluk, a town about 90 kilometers (56 miles) east of Kharkiv and not far from the Russia-Ukraine border. The town ...

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• 12 September

  Queen’s funeral set for September 19; Charles takes the throne

  

  Bloomberg Queen Elizabeth II, Great Britain’s longest-serving monarch, will be laid to rest on Sept. 19, Buckingham Palace announced, hours after her son was officially proclaimed King Charles III. The funeral, which will be designated a national holiday, will be held at Westminster Abbey in London, the Palace said in a statement. Over the course of the next week, the ...

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• 12 September

  Italy’s next leaders face grim outlook as Draghi stint nears end

  

  Bloomberg The winners of Italy’s September 25 election will take charge of an economy still warm from a summer boom, but with darkening prospects. High debt, an inflation shock, weak growth, an aging population and stubborn North-South disparities may greet the center-right coalition led by Brothers of Italy Leader Giorgia Meloni. Opinion polls before a blackout period showed her alliance ...

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• 12 September

  ‘Visa’ aimed at rich Chinese faces axe in Australia

  

    Bloomberg Australia is set to review a visa for people who invest at least A$5 million ($3.4 million) in the country, with the home affairs minister saying she sees little reason to retain the program that has been criticized as providing a fast track for wealthy Chinese. The Significant Investor visa is designed to attract funds into the country, ...

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• 12 September

  Greek coastguard fires at trade vessel: Turkey

    Bloomberg Turkey said the Greek Coast Guard fired on a ship in international waters in the northern Aegean Sea, marking another potential escalation of tension between the Nato countries Saturday, as Greek Prime Minister Kyriakos Mitsotakis accused its neighbor of “bullying.” Two Greek boats opened fire on a Comoros-flagged vessel named Anatolian, state-run Anadolu Agency reported, citing the Turkish ...

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• 12 September

  ECB intensifying its scrutiny of banks’ response to energy crisis

  

  Bloomberg The European Central Bank (ECB) is intensifying discussions with bank executives over their readiness for a potential surge in company defaults and a drying-up of energy-market liquidity, amid the worsening stand-off over Russian gas supplies. The Frankfurt-based bank watchdog wrote to lenders last month, telling them to analyse the impact of a gas stoppage on their businesses, according to ...

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• 12 September

  Argentina’s Uala eyes Mexico remittances

  

    Bloomberg Argentine fintech Uala will allow clients in Mexico to receive money from abroad starting as it taps the fast-growing remittances market, which is expected to reach $60 billion in this year. The new service will be operated by Mexican bank ABC Capital, whose acquisition by Uala was announced in November, with the aim of expanding its financial services ...

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• 12 September

  Bitcoin gains most since July, breaks trading range

    Bloomberg Bitcoin rallied the most since July, breaking out of the narrowest trading range in about two years, as a drop in the dollar renewed demand for battered risk assets worldwide. The largest cryptocurrency by market value advanced as much as 10.1% to $21 in New York. The increase was the most since July 19. Bitcoin is outperforming most ...

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• 12 September

  India’s Tata in talks to join club of iPhone makers

  

  Bloomberg Tata Group is in talks with a Taiwanese supplier to Apple Inc to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country. The discussions with Wistron Corp are aimed at making Tata a force in technology manufacturing, and the Indian salt-to-software conglomerate wants to tap the Taiwanese company’s expertise in product ...

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• 12 September

  Tesla’s EV battery supplier in China operating under Covid restrictions

  

  Bloomberg The world’s biggest maker of batteries for electric cars said its largest plant in China is now operating a factory bubble as the city where it’s located is locked down to comply with Beijing’s zero-tolerance pandemic curbs. Contemporary Amperex Technology Co’s factory in Yibin has imposed a so-called closed loop system that will enable it to operate “in an ...

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