August, 2022

• 19 August

  Estonia repels cyber attacks as pro-Kremlin group takes credit

    Bloomberg Estonia repulsed the largest wave of cyber attacks in over a decade as a pro-Kremlin hacking group retaliated to the government’s dismantling of a monument dedicated to Soviet World War II veterans. “Estonia was subject to the most extensive cyber attacks it has faced since 2007,” Luukas Ilves, Undersecretary for Digital Transformation, said on Twitter on Thursday. “Attempted ...

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• 19 August

  Denmark opens Rwanda office as part of asylum center plan

  

    Bloomberg Denmark will open an office in Rwanda as the Nordic country seeks to set up an asylum center outside of the European Union to reduce the number people seeking refuge. The office, which will be manned by two diplomats, will be based in the capital of Kigali, the Danish foreign ministry said in a statement on Thursday. In ...

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• 19 August

  Liz Cheney prepares for next act in GOP where Trump holds sway

  

    ­­­Bloomberg Republican Representative Liz Cheney said she wants to lead a charge to break Donald Trump’s hold on the GOP, setting up a new political action committee and saying she’s considering a run for president. After being trounced in Wyoming’s GOP primary by Trump-backed conservative lawyer Harriet Hageman, Cheney said she would do “whatever it takes” to block the ...

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• 19 August

  More people are fleeing Cuba now than during 1980 and 1994 crises

  

    ­­­Bloomberg Cuba is seeing its biggest exodus to the US in decades following a series of economic body blows that have worsened shortages and power blackouts. Border officials have encountered nearly 178,000 people fleeing the communist-run Caribbean nation of 11 million so far this fiscal year, according to US government data through July. Most are coming by land, after ...

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• 19 August

  UK halts overseas development aid amid overspend concerns

  

    Bloomberg The UK temporarily pauses overseas development aid that is not deemed critical because of concerns about rising pressure on government budgets, people familiar with the matter said. The Foreign Office informed some staff a freeze is necessary because crises including Russia’s war in Ukraine have led to additional expenditure that means the government is in danger of overspending, ...

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• 19 August

  US housing starts decline to lowest level since early 2021

  

    Bloomberg New US home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in the inventory. Residential starts dropped 9.6% last month to a 1.45 million annualised rate from a revised 1.6 million pace in June, according to government data. The ...

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• 19 August

  Canadian inflation cools

    Bloomberg Consumer price inflation cooled as gasoline prices fell by the most since the start of the pandemic, though underlying price pressures will likely push the Bank of Canada to continue delivering aggressive rate hikes. The consumer price index rose 7.6% in July from a year earlier, Statistics Canada reported in Ottawa. The inflation gauge increased 0.1% from a ...

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• 19 August

  Apple laying off recruiters as part of its slowdown in hiring

  

    Bloomberg Apple Inc laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant’s hiring and spending, according to people with knowledge of the matter. About 100 contract workers were let go in a rare move for the world’s most valuable company, said the people, who asked not to ...

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• 19 August

  Danish PM considers capping rents

    Bloomberg Denmark’s prime minister, who faces an election in coming months, is considering a cap on rising rents. Rents, which are tied to the Danish consumer price index, are rising so fast that students and other people can’t afford to pay them, Mette Frederiksen told broadcaster TV2. A cap would be temporary and could limit rental increases to 4% ...

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• 19 August

  Rhine crisis shows signs of respite

    Bloomberg Water levels on the Rhine are set to rise over the weekend, potentially providing respite to a crisis that has snarled the shipment of energy products and other goods along one of Europe’s most important rivers. The marker at Kaub, a narrow and shallow waypoint west of Frankfurt, is set to rise to 67 centimeters, data shows. The ...

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