June, 2022

• 12 June

  China warns of risk of war over Taiwan while pledging peace

  

  Bloomberg China’s defense chief issued one of the country’s strongest warnings yet about the risk of war over Taiwan, even as he reaffirmed Beijing’s commitment to maintain peace in Asia. In a speech to the region’s biggest security conference Sunday, Chinese Defense Minister Wei Fenghe repeatedly expressed Beijing’s willingness to fight to prevent a formal split by the democratically elected ...

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• 12 June

  China alarms US with new private warnings to avoid Taiwan Strait

    Bloomberg Chinese military officials in recent months have repeatedly asserted that the Taiwan Strait isn’t international waters during meetings with US counterparts, according to a person familiar with the situation, generating concern within the Biden administration. The statement disputing the US view of international law has been delivered to the American government by Chinese officials on multiple occasions and ...

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• 12 June

  Brazil’s Bolsonaro asked Biden for re-election help against Lula

  

  Bloomberg Brazilian President Jair Bolsonaro asked US President Joe Biden for help in his re-election bid during a private meeting on the sidelines of a regional summit this week, portraying his leftist opponent as a danger to US interests, according to people familiar with the matter. During the meeting, Biden underlined the importance of preserving the integrity of Brazil’s democratic ...

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• 12 June

  Macron’s majority at risk as voters elect new parliament

  

  Bloomberg French voters begin the process of electing a parliament on Sunday in a two-stage ballot that will determine how much power recently re-elected President Emmanuel Macron will actually have. If polls are right, he should maintain control, perhaps only barely. The latest surveys suggest Macron’s renamed party, Renaissance, and its allies should remain the largest bloc in the 577-seat ...

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• 12 June

  Chinese, Australian defense chiefs break ice with ‘frank and full’ talks

    Bloomberg Australia Defense Minister Richard Marles said he had a “very frank and full exchange” with his Chinese counterpart on Sunday, marking the highest-level meeting between the countries in more than two years amid a flare-up in tensions. Marles said he discussed issues including the interception of an Australian aircraft by a Chinese jet last month with Defense Minister ...

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• 12 June

  Hiring crunch prompts UK firms to rethink expansion

  

    Bloomberg UK companies are scaling back their ambitions in response to chronic labour shortages that show few signs of abating, an employment group has warned. The report by the Recruitment and Employment Confederation and KPMG found job vacancies and placements both slowed in May, possible signs that employers are starting to “rethink their growth plans because of skills shortages ...

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• 12 June

  US ports brace for early arrival of peak season for cargo

  

    Bloomberg The Port of Los Angeles, the US’s busiest, is preparing for the early arrival of 2022 peak season for cargo as retailers stock up on back-to-school and fast-fashion products despite high inventory levels, Executive Director Gene Seroka said. “The upstream orders coming from Asia — getting ready for an early arrival of peak-season goods — look strong; the ...

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• 12 June

  Musk’s messages on job cuts send everyone on a wild ride

  

    Bloomberg Tesla Inc Chief Executive Officer (CEO) Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook. Musk tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That ...

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• 12 June

  Czech inflation soars

    Bloomberg Czech inflation accelerated more than expected in May, supporting expectations of one more large interest rate hike before less hawkish leadership takes over the central bank. Consumer prices rose 16% from a year earlier, driven mainly by cost of housing and food, the statistics office in Prague said. The reading exceeded the median estimate of 15.5% in a ...

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• 12 June

  Apple plans to expand line-up of laptops in 2023

  

    Bloomberg Apple Inc plans to expand the line-up of laptops using its new, speedier in-house chips next year, aiming to grab a bigger share of the marke. The company is working on a larger MacBook Air with a 15-inch screen for release as early as next spring, said the people, who asked not to be identified because the plans ...

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