January, 2022

• 20 January

  Johnson suffers blow as Tory MP defects to Labour

  

    Bloomberg Boris Johnson suffered a major setback as he seeks to hold onto power after a member of Parliament in his ruling UK Conservative Party defected to the main opposition. The move by Christian Wakeford, who was elected in 2019 in one of the many so-called red wall seats that swung from Labour to Johnson’s Tories in the general ...

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• 19 January

  Macron: London must respect Brexit pledges

    Bloomberg President Emmanuel Macron said the only way for France to remain friends with the British government is if London respects its post-Brexit commitments. Macron told European lawmakers in Strasbourg on Wednesday that Europe and the UK “must get back on the path of trust.” His comments come a week after UK and EU Brexit negotiators agreed to intensify ...

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• 19 January

  UK inflation surprises with jump to highest in 30 years

  

    Bloomberg Britain’s inflation rate surged unexpectedly to the highest since 1992, sharpening a squeeze on households and adding to pressure on the government and Bank of England to respond. Consumer prices surged 5.4% from a year ago in December, driven by a broad increase in the cost of food, restaurant meals and furniture, the Office for National Statistics said ...

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• 19 January

  Apple, Google warn US senators that tech bills will harm privacy

  

    Bloomberg Apple Inc and Google warned US lawmakers that bipartisan antitrust legislation aimed at curbing the power of big technology companies will threaten the privacy and security of users. Escalating its opposition to the legislation, Apple sent a letter to Senate Judiciary Committee Chair Dick Durbin; panel’s ranking Republican, Chuck Grassley; Antitrust Subcommittee Chair Amy Klobuchar; and the subcommittee’s ...

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• 19 January

  Canada makes rare import of European barley after drought

  

    Bloomberg Canada, one of the world’s top barley exporters, is importing a rare cargo from Europe after drought decimated its harvest last year. France’s Rouen port is set to load its first-ever barley cargo for Canada, on the bulk carrier Federal Spey, according to a spokesman for the port operator. The North American nation hasn’t imported significant volumes from ...

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• 19 January

  German yields cross zero threshold

    Bloomberg Benchmark German debt yields climbed above zero for the first time since before the pandemic as investors braced for central banks to scale back monetary stimulus in the face of accelerating inflation. The rate on 10-year bunds rises four basis points to 0.02%, crossing into positive territory for first time since May 2019. It comes as money markets ...

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• 19 January

  NYC property values to rise 8.2% as homebuyers return

  

    Bloomberg New York City is factoring in an 8.2% increase in property values for next fiscal year, bolstered by demand for single-family homes, co-ops and condos. The city set a value of about $1.4 trillion for its more than one million properties for the fiscal year beginning in July, according to a tentative assessment roll released by the Department ...

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• 19 January

  Tech, banking names in hottest India stock picks for this year

  

    Bloomberg The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India’s stock market this year. Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side ...

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• 19 January

  Property stocks, bonds soar on China’s proposal for easing

  

    Bloomberg Chinese property stocks and bonds rallied for a second day after the central bank pledged to use more monetary policy tools to spur the economy. The sector extended gains near the end of trading on a report that China may make it easier for firms to tap pre-sale funds deposited by homebuyers. Country Garden Holdings Co., the country’s ...

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• 19 January

  World leaders condemn Houthi militia attack on Abu Dhabi

  Abu Dhabi / WAM UN secretary general Antonio Guterres condemned the Houthi militia attack, which targeted civil facilities in UAE and resulted in a number of deaths and injuries. The UN spokesman said in the daily briefing that such attacks are prohibited by international humanitarian law. The United States also strongly condemned Houthi militia terrorist attack in the UAE, which ...

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