April, 2022

• 24 April

  Slovenian PM faces possible ouster in vote

  

  Bloomberg Slovenian Prime Minister Janez Jansa is fighting an uphill battle in elections that may rid the European Union of a leader who has challenged its democratic values. Against the backdrop of the war in Ukraine, and as fellow EU member France votes over whether to give President Emmanuel Macron a new term or replace him with right-wing standard bearer ...

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• 24 April

  Tokyo, Seoul look to salve ties that festered under Moon

  

  Bloomberg Japan and South Korea look set to try to revive a relationship that has hit new depths in recent years, with President-elect Yoon Suk Yeol offering an olive branch to Tokyo weeks before US President Joe Biden is likely to visit both countries. Yoon, who takes office on May 10, is sending a group of South Korean lawmakers and ...

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• 24 April

  Germany plans to borrow extra $43 billion to cushion war blow

  

    Bloomberg Germany will increase borrowing plans by nearly 40 billion euros ($43 billion) this year to cushion the effect of the war in Ukraine, taking the total for net new debt to almost 140 billion euros, according to three people familiar with the matter. The adjustment is needed to help finance a range of government measures designed to offset ...

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• 24 April

  UK risks ‘worst of all worlds’ on inflation, says IMF official

  

    Bloomberg Britain’s inflationary shock combines the worst of America’s problems with the worst of Europe’s and will be harder for policy makers to address than in any other leading industrialised nation, the head of the International Monetary Fund’s European department said. Alfred Kammer, the IMF’s European director, said prices in the UK will remain elevated for longer than other ...

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• 24 April

  Sales of US previously owned homes fall to lowest since 2020

  

    Bloomberg Sales of previously owned US homes fall in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases. Contract closings decreased 2.7% in March from the prior month to an annualised 5.77 million, figures from the National Association of Realtors showed. The figure was in line with estimates in a ...

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• 24 April

  Argentine tech industry earns billions of dollars off the books

  

    Bloomberg Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group. About $2.2 billion of service exports from the country’s technology sector may go unreported in official data this year, according to Luis Galeazzi, executive director of Argencon, an advocacy group that published its semiannual report ...

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• 24 April

  Canadian inflation jumps to 6.7%

    Bloomberg Canadian consumer price inflation shot past expectations in March, jumping to a new three-decade high and cementing expectations the Bank of Canada will continue with aggressive interest rate hikes in coming weeks. Annual inflation rises to 6.7% last month, up from 5.7% in February, Statistics Canada reported in Ottawa. That’s the highest since January 1991 and exceeds the ...

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• 24 April

  BMW’s i7 has a private screening room in back seat

  

    Bloomberg BMW AG long tried to bill its flagship 7 Series sedan as the more fun-to-drive alternative to similar offerings from Mercedes-Benz AG. As the rivalry goes electric, the German manufacturer is trying to also win over people sitting in the back. The i7 boasts a luxurious interior that includes a flatscreen lowering from the ceiling to entertain passengers ...

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• 24 April

  Tech giants face landmark fines under EU’s new content rules

  

  Bloomberg The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope. The landmark Digital Services Act (DSA) is the EU’s answer to what it sees as a failure by tech giants to combat illegal content on their platforms. Noncompliance could cost companies as ...

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• 24 April

  Volkswagen wants to be relevant in America again

  

  Bloomberg For years, Volkswagen’s poor performance in the US fuelled debate among the company’s managers about whether Europe’s biggest carmaker should simply pack up and leave. According to Chief Executive Officer Herbert Diess, that’s no longer remotely an option. “We are going nowhere,” Diess said in a recent interview with CBS’s 60 Minutes. “No, we have to come back in ...

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