January, 2022

• 24 January

  ‘Lethal’ US military aid begins arriving in Ukraine

  

    Bloomberg US military aid to help Ukraine defend against a possible invasion by Russia began arriving, according to the American Embassy in Kyiv. The embassy, in a Twitter post, said the material “includes close to 200,000 pounds of lethal aid, including ammunition for the front line defenders of Ukraine.” “The shipment – and $2.7 billion USD since 2014 – ...

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• 24 January

  Sleepy truckers get forgotten in supply crisis choking economy

  

    Bloomberg President Joe Biden’s sweeping infrastructure law was supposed to ease problems for the trucking industry and relieve supply chain woes, but the law overlooked a vital necessity for truckers: Parking. Overcrowded truck stops force drivers to often spend hours scavenging for parking wherever they can find it, even in illegal and unsafe spots. The problem has simmered for ...

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• 24 January

  Vodafone in talks with Iliad to merge Italy units

  

    Bloomberg Vodafone Group Plc and Iliad SA are discussing a deal that would merge their businesses in Italy, Reuters reported, citing people familiar with the situation that it didn’t identify. The combination would create a business with revenue of almost six billion euros ($6.8 billion). Iliad, which is set to start fixed-line broadband operations in Italy next week, is ...

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• 24 January

  UK jobs market improves with jump in employment

    Bloomberg Britain’s labour market grew strongly despite a surge in coronavirus infections late last year, with vacancies hitting a record 1.25 million in the fourth quarter and unemployment falling unexpectedly. The number of people on company payrolls rose 184,000 in December, stronger than the pace expected, the Office for National Statistics data. The jobless rate dropped to 4.1% in ...

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• 24 January

  Germany needs immigration of 400,000 workers per year

  

    Bloomberg Germany needs to attract about 400,000 foreign workers per year to mitigate the economic impact of its aging society, according to the caucus leader of the country’s FDP party. “The shortage of skilled workers is now so serious that it is dramatically slowing down our economy,” Christian Duerr said in an interview with WirtschaftsWoche. “We can only get ...

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• 23 January

  Argentina halves 2021 budget deficit

    Bloomberg Argentina sharply reduced its budget deficit in 2021 as President Alberto Fernandez tries to cut down on spending amid talks with the International Monetary Fund (IMF). The so-called primary deficit, which excludes interest payments, fell to 3% of gross domestic product from 6.5% in 2020. The figure, boosted by proceeds from a wealth tax, was also below the ...

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• 23 January

  Lotus explores electric-car battery tie-up with Britishvolt

  

    Bloomberg Group Lotus Plc and Britishvolt Ltd signed a preliminary agreement to explore teaming up on battery manufacturing, research and development, according to people familiar with the matter. The companies plan to share details of their memorandum of understanding next week, said the people, who asked not to be identified ahead of the announcement. The deal is Britishvolt’s first ...

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• 23 January

  Ericsson seeks to block US imports of Apple phone, watch

  

    Bloomberg Ericsson AB filed US trade complaints seeking to block imports of Apple Inc devices, escalating a legal battle that shows licensing talks between the two over 5G telecommunications technology are going poorly. In complaints filed with the US International Trade Commission in Washington, Ericsson targets a wide swath of Apple products — the iPhone, tablets, smart watches, smart ...

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• 23 January

  At $1.9mn, Porsche Carrera GT sets online sale record

  

    Bloomberg A 2005 Porsche Carrera GT has sold for $1.9 million on the car auction website Bring a Trailer (BAT). The $1,902,000 final sale set a world record for the highest amount of money paid at auction for the V10 supercar. It also set the record for the highest amount of money ever spent on any vehicle at BAT. ...

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• 23 January

  Intel plans to spend $20bn on Ohio chipmaking hub

    Bloomberg Intel Corp plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site. The chipmaker will begin construction of two fabrication plants on a 1,000-acre site in New Albany, which it expects to be operational by 2025, said the person, asking ...

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