April, 2022

• 13 April

  Russia’s actions in Ukraine conflict is a ‘genocide’: Biden

  

  Bloomberg President Joe Biden for the first time accused Russia of committing genocide in Ukraine, significantly escalating his condemnation of President Vladimir Putin’s invasion. Speaking at an event in Iowa laying out steps to lower fuel costs that have surged during the war, Biden described Russia’s actions in the conflict as a “genocide.” He later stood by his comments, but ...

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• 13 April

  Sweden’s ruling party plans Nato entry bid by June

  

  Bloomberg Sweden’s ruling party, the Social Democrats, have decided to support a Nato entry bid by June, newspaper Svenska Dagbladet reported, citing party sources it didn’t identify. The Social Democrats led by Prime Minister Magdalena Andersson have long been a holdout in the debate on whether Sweden should join the North Atlantic Treaty Organization (Nato), officially opposing an entry and ...

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• 13 April

  Switzerland adopts latest EU sanctions on Russia, Belarus

    Bloomberg Switzerland is mirroring further trade and financial sanctions implemented by the European Union against Russia as the war in Ukraine continues. The latest sanctions, which include banning the import of coal and other products like vodka, as well as a ban on the participation of Russian companies in public procurement, was expected to come into effect from Wednesday. ...

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• 13 April

  Tigray waits for aid after truce agreed in Ethiopia’s civil war

  

    Bloomberg Aid has trickled into parts of Ethiopia’s war-torn Tigray region since federal and rebel forces declared a truce late last month after 17 months of fighting, but has only reached a tiny proportion of the millions of people who need it so far. The World Food Programme dispatched 20 trucks carrying food and other supplies to Tigray on ...

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• 13 April

  China hesitates on bailing out its ‘friends’

  

    Bloomberg Over the past few years, the US has accused China of using “debt diplomacy” to make developing nations across the world more dependent on Beijing. Yet the cases of Sri Lanka and Pakistan — both friends of China facing dire financial situations as inflation soars — show that President Xi Jinping’s government is becoming more reluctant to pull ...

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• 13 April

  Sri Lankan PM Rajapaksa ready to meet with protesters

  

    Bloomberg Sri Lankan Prime Minister Mahinda Rajapaksa is ready to meet the protesters, who are holding rallies for the past five days and calling for the ouster of the government for its economic policies that have brought the county to the brink of a debt default. “Understanding that this is a tough time for all of us, I invite ...

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• 13 April

  Truck blockade at Mexican border imperils about $440 billion trade

  

    Bloomberg A Mexican truck blockade at a key Texas bridge is diverting US-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts. Truckers on the Mexican side of the Pharr-Reynosa International Bridge are protesting Texas Governor Greg Abbott’s stepped-up inspection effort. With commercial traffic at a total ...

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• 13 April

  UK inflation jumps more than expected to 30-year high of 7%

  

    Bloomberg UK inflation surged to a 30-year-high of 7% last month, intensifying a cost of living crisis that threatens to derail the economic recovery. Consumer prices rise by 1.1% in March alone, the fastest increase on record for that month. It adds to pressure on the government and Bank of England to act, with prices set to surge further ...

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• 13 April

  Toronto home prices dip as new listings close the gap with sales

  

  Bloomberg The average price of a Toronto home dipped in March as a slight cooling of activity allowed the pace of new listings to close the gap with sales, even as the market remained heavily tipped in sellers’ favour compared with historic standards. The average home price in Canada’s largest city dipped 2.6% to just under C$1.3 million in March ...

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• 13 April

  GSK buys Sierra Oncology for $1.9bn

    Bloomberg GlaxoSmithKline Plc agreed to buy biotech company Sierra Oncology for $1.9 billion as the UK drugmaker moves to strengthen its stable of medicines to fight cancer and prepares to spin off its consumer-health unit. The pharmaceutical giant will pay $55 per share in cash for California-based Sierra, a maker of targeted therapies for rare forms of cancer, GSK ...

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