July, 2022

• 13 July

  Sri Lanka premier forms panel to de-escalate row

    Bloomberg Sri Lanka had to impose emergency rule because it received intelligence reports that attempts were on to take over the PM’s office and air force chief’s house, Prime Minister and Acting President Ranil Wickremesinghe said in a televised address Wednesday. Speaking on a private TV channel — after protesters took control of the state broadcaster and prime minister’s ...

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• 13 July

  Putin’s daughter to help economy beat sanctions

    Bloomberg Russian President Vladimir Putin’s younger daughter has been handed a new role with the country’s most powerful business lobby to help beat the impact of international sanctions over his war in Ukraine, the RBC newspaper reported. Katerina Tikhonova, who is sanctioned by the US and its allies, was named co-chairman of a committee to coordinate import-substitution efforts by ...

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• 13 July

  Italy’s Draghi says he won’t lead government if Five Star leaves

  

  Bloomberg Mario Draghi said he won’t continue leading Italy’s government if the Five Star Movement leaves his coalition, in a sign of growing impatience for the constant squabbling among parties. “For me there is no government without Five Star,” Draghi said at a press conference on Tuesday. “There is no Draghi government different from the current one.” Draghi is under ...

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• 13 July

  Venezuela arrests more Americans as Maduro seeks better ties

  

  Bloomberg Venezuela has arrested Americans this year even as that country’s government has made gestures toward improving relations with the US to help ease a humanitarian and political crisis. A State Department spokesperson confirmed the arrests on Tuesday night but did not identify the Americans, say how many had been detained, or provide any further details, citing privacy concerns. The ...

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• 13 July

  Boris Johnson raises eyebrows with talk of leaving office sooner

    Bloomberg Outgoing UK prime minister Boris Johnson raised the prospect of leaving office sooner than expected, suggesting his successor could be chosen “by acclamation” rather than in an eight-week contest as planned. His appearance at Prime Minister’s Questions in the House of Commons on Wednesday had the air of a valedictory outing, as he declared he was “proud” of ...

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• 13 July

  Millions of Americans regret quitting in Great Resignation

  

  Bloomberg About 20 million Americans quit their jobs in the first five months of this year, in what’s come to be known as the Great Resignation. Many now regret the decision, according to a new survey. More than one-quarter of those who left work are reconsidering whether they made the right move, according to a study of more than 15,000 ...

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• 13 July

  German investor confidence sinks to worst

  

    Bloomberg Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian energy supplies. Snapping two months of gains, the ZEW institute’s gauge of expectations falls to -53.8 in July from -28 in the previous month, missing economists’ estimates. An ...

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• 13 July

  Almost 4.5mn UK families in serious financial trouble

  

    Bloomberg The number of UK households facing acute financial strain has risen by almost 60% since October and is now higher than at any point during the coronavirus pandemic, a survey found. The abrdn Financial Fairness Trust and researchers at the University of Bristol estimated that 16 percent of households, or 4.4 million, are in “serious financial difficulties” and ...

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• 13 July

  Bosch to boost chip supplies in Europe

    Bloomberg Germany’s Robert Bosch GmbH is making a bigger bet on semiconductors with plans to spend 3 billion euros ($3 billion) to help ease a worldwide shortage of computer chips that has crimped vehicle production. The auto-parts supplier said on Wednesday it will make the investment by 2026 as part of European Union and German government efforts to double ...

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• 13 July

  Front-running scandal rocks a $31b Indian investing giant

  

  Bloomberg A sprawling regulatory probe that’s ensnared the Indian partner of Schroders Plc is roiling one of the nation’s largest asset managers and is poised to shake up India’s $465 billion mutual fund industry. Axis Asset Management Co., which is India’s seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, ...

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