January, 2022

• 28 January

  North Korea confirms latest missile tests

  

    Bloomberg North Korea confirmed launches of four missiles this week, as Kim Jong Un ramped up weapons-testing to a record pace in an effort to signal displeasure with the US over economic sanctions. The tests included the launch of two long-range cruise missiles Tuesday that flew for 1,800 kilometers before striking an island off the peninsula’s eastern coast, the ...

  Read More »
• 28 January

  Portuguese vote to pick premier to oversee the economic rebound

  Bloomberg As populism tested the ability of Europe’s mainstream parties to adapt, one country stood out as an exception: Portugal. General elections on Sunday are likely to cement its status as an oasis for the political center. Yet it’s not without risks. Prime Minister Antonio Costa of the center-left Socialist Party has only a slight edge in some polls over ...

  Read More »
• 28 January

  Euro area outlook darkens with Germany on brink of recession

  

    Bloomberg The euro area economy kicked off 2022 on a weak footing, with pandemic restrictions taking a toll on confidence and growing fears that Germany may be on the brink of a recession for the second time since the crisis began. A sentiment gauge by the European Commission fell to 112.7 in January, the lowest in nine months, driven ...

  Read More »
• 28 January

  Spain’s economy grows by 2% in fourth quarter

  

    Bloomberg The Spanish economy beat expectations at the end of last year, benefiting from a surge in investment and strong export demand. Gross domestic product rises 2% in the fourth quarter following growth of 2.6% in the previous three months. That beats economist estimates for an increase of 1.4%. It’s also better than France’s 0.7% expansion and the contraction ...

  Read More »
• 28 January

  Swiss watch exports jump 31% in ’21 on US demand

    Bloomberg Swiss watch exports had a record year amid booming demand in the US, which overtook China to become the industry’s top market for the first time in more than a decade. Shipments rise 31% to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said. The industry has recovered from a 22% decline ...

  Read More »
• 28 January

  UK business closures up 14% as pandemic hits small firms

  

    Bloomberg Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic took a brutal toll. Almost every industrial group saw the number of closures rise, with the transport and storage sector posting the largest increase, the Office for National Statistics said. Only finance and insurance bucked the trend. Meanwhile, ...

  Read More »
• 28 January

  Trump plans to build 2,300 luxury homes

    Bloomberg Donald Trump is planning a significant expansion of his Trump National Doral Miami resort, which is located in one of hottest real estate markets in the US. The former president said that he plans to apply to create 2,300 luxury homes as well as retail and commercial space in the first phase of construction at Trump National Doral. ...

  Read More »
• 28 January

  French economy gives Macron a boost ahead of election

  

    Bloomberg France’s economy grew more than anticipated at the end of last year, overcoming supply shortages and Covid-related disruptions to give President Emmanuel Macron a lift ahead of April’s election. Rising consumer spending and investment in the euro area’s second-largest economy powered a 0.7% increase in gross domestic product in the fourth quarter. That was above the 0.5% expansion ...

  Read More »
• 28 January

  Futures fall with Europe stocks; Apple advances

  

    Bloomberg US futures fall with European stocks as concern about tighter policy lingered at the end of a volatile week, overshadowing strong earnings from Apple Inc. Futures on the S&P 500 extended a drop, while those on the Nasdaq 100 gave up gains of as much as 1.4%. Apple rises in premarket trading. Losses in tech and auto shares ...

  Read More »
• 28 January

  Foreign exodus from India stocks threatens to reduce key support

  

    Bloomberg Indian stocks are facing the longest run of foreign outflows in five years, an exodus that’s stalling the market’s steady surge from pandemic lows in March 2020. Foreign institutional investors have been net sellers every month since September, dumping $7.9 billion worth of local shares since. The four-month streak of withdrawals is set to be the longest since ...

  Read More »