February, 2022

• 28 February

  Biden approval rating falls to record low 37%: Post-ABC poll

  

  Bloomberg President Joe Biden’s approval rating fell to a record low in a new Washington Post-ABC News poll, with 37% saying they approve of the job he is doing and 55% saying they disapprove ahead of his first State of the Union address on Tuesday. When asked which party they would prefer control Congress, 50% said they would rather have ...

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• 28 February

  Japan should discuss Nato-like nuclear weapons sharing: Abe

    Bloomberg Japan should discuss a possible sharing of nuclear weapons similar to that of Nato members in the wake of the Russian invasion of Ukraine, former Prime Minister Shinzo Abe said Sunday. Nato’s nuclear sharing arrangements let the U.S. keep its nuclear weapons in Europe under its custody. “Many people in Japan probably don’t know about the system,” Abe ...

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• 28 February

  North Korea resumes missile tests as Ukraine tensions mount

  

    Bloomberg North Korea followed up January’s record barrage of missile tests with the firing of a suspected mid-range ballistic rocket on Sunday, ramping up tensions as global attention is focused on Ukraine. The projectile reached an apogee of about 600 kilometers (375 miles) and flew at a range of about 300 km before splashing down in waters outside of ...

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• 28 February

  ‘Putin’s Ukraine war’ prompts radical rethink for Olaf Scholz and Germany

  

  Bloomberg Angela Merkel called Russia’s invasion of Ukraine “a profound turning point in European history.” It’s also been a dramatic wake-up call for her successor as chancellor and prompted a rapid and remarkable shift in German policy on several major fronts. Olaf Scholz — the Social Democrat who took over from Merkel in December —was widely criticized by opponents and ...

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• 28 February

  China distances itself from Russia, calls for halt to violence

    Bloomberg China attempted to distance itself from Russia as the scale of the invasion becomes clear, with Foreign Minister Wang Yi on saying it was “absolutely imperative” for all sides to exercise restraint to prevent the conflict from “getting out of control.” “China has been following the evolution of the Ukraine issue, and the present situation is something China ...

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• 28 February

  China banks limit financing for Russian commodities

  

  Bloomberg At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Beijing’s pledge to maintain economic ties with one of its most important strategic partners in the face of sanctions by the US and its allies. Industrial & Commercial Bank of China Ltd.’s offshore units stopped issuing US dollar-denominated letters ...

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• 28 February

  Goldman probed over messages sent using unapproved services

  

    Bloomberg Goldman Sachs Group Inc. became the latest bank to be investigated over employee communications over unapproved messaging services. The New York-based company is cooperating with the Securities and Exchange Commission and producing documents related to a probe into “compliance with records preservation requirements relating to business communications sent over electronic messaging channels that have not been approved by ...

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• 28 February

  Lagarde says ECB will do what is needed to secure financial stability

  

    Bloomberg The European Central Bank will do everything in its power to safeguard the stability of prices and the financial system in the euro area, according to President Christine Lagarde. While it’s too early to judge the overall economic impact of Russia’s invasion of Ukraine, persistent uncertainty will likely drag on investment and consumption and impede growth, Lagarde told ...

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• 28 February

  Nigerian banks name clients with suspicious dollar deals

  Bloomberg Nigerian lenders have started exposing names of customers allegedly obtaining dollars by false pretense, to later trade them at a profit in the parallel market. Some customers have been found to be taking advantage of a lucrative 37% differential between the official and black market exchange rates by obtaining the greenback at the official rate of about 416 naira ...

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• 27 February

  Scotiabank to start a full return in April

    Bloomberg Bank of Nova Scotia will allow workers to come back to the majority of its Canadian offices on a voluntary basis on March 14, with a 10-week, phased return starting on April 11. Most employees will return on a hybrid basis, with different groups deciding which activities to conduct remotely or in person, according to an emailed statement ...

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