February, 2022

• 14 February

  TAG Heuer’s CEO says prices to increase for most watches

    Bloomberg TAG Heuer, the maker of luxury watches worn by tennis star Naomi Osaka and actor Ryan Gosling, plans to boost prices for most of its watches later this year. The Swiss brand, part of luxury giant LVMH SE, plans increases in April of about 5% to 6% for most timepieces, except smart watches, Chief Executive Officer Frederic Arnault ...

  Read More »
• 14 February

  Hong Kong fresh food supplies hit again

    Bloomberg Hong Kong’s supplies of vegetables and chilled poultry will be affected “to a certain extent” after some vehicle drivers tested positive for the coronavirus, prompting authorities to suspend a border transport interchange, the government said. The facility for goods vehicles was temporarily closed for disinfection and mainland drivers who stayed at the interchange venue on that day are ...

  Read More »
• 14 February

  Putin signals talks with US, Nato to continue amid crisis

  

    Bloomberg Russia should continue talks with the US and its allies on its demands for security guarantees in Europe, Foreign Minister Sergei Lavrov told President Vladimir Putin, suggesting the Kremlin will extend efforts to reach a diplomatic solution to surging tensions with the West. Putin said “all right” in response to Lavrov’s proposal, made in comments shown on state ...

  Read More »
• 14 February

  Russia sentences man who claimed to hack Clinton

  

  Bloomberg A Russian court sentenced the leader of a hacking gang to 14 years in prison, RIA Novosti reported, bringing an end to a trial in which the man claimed to have helped the country’s security service to hack Hillary Clinton’s presidential campaign. Konstanin Kozlovsky was convicted of organising a criminal ring and large-scale fraud after the Lurk gang stole ...

  Read More »
• 14 February

  Libyan PM vows to lay out vote plan

    Bloomberg Libyan Prime Minister Abdul Hamid Dbeibah dug in after parliament picked a rival premier, vowing to lay out later this week a plan for holding delayed presidential elections in the war-torn Opec member. “The election train has set off,” Dbeibah said in a televised address. Lawmakers last week selected Fathi Bashagha, a former interior minister, as premier, saying ...

  Read More »
• 14 February

  Afghanistan may descend into chaos: Khan

  

  Bloomberg The US refusal to recognise the Taliban government in Afghanistan, coupled with sanctions and frozen assets, could push the country into chaos and threaten Pakistan’s stability, Pakistan Prime Minister Imran Khan said. Khan said in an interview on CNN’s “Fareed Zakaria GPS” that the current humanitarian crisis in Afghanistan, caused in part by the abrupt cancellation of foreign aid ...

  Read More »
• 14 February

  Spain’s Vox may join regional goverment for first time

  

  Bloomberg Spain’s ultraconservative Vox party is poised to enter a regional government for the first time, after record results in local elections on Sunday. Vox came third in the central Castilla y Leon region, more than tripling its share of the vote after winning 13 seats in the 81-strong assembly. The main opposition center-right People’s Party (PP) came first with ...

  Read More »
• 14 February

  Trudeau to meet with premiers as tensions rise over protests

  

  Bloomberg Prime Minister Justin Trudeau held a rare cabinet meeting and was expected to speak with provincial leaders over protests in Canada’s capital city that have entered their 18th day. The protests against Covid-19 vaccine mandates, which include hundreds of semi-trucks parked in the streets of Ottawa, swelled into the thousands over the weekend. But truckers were met with counter-protests ...

  Read More »
• 14 February

  PBOC’s rate decision sparks debate with economy in crisis

  

    Bloomberg The People’s Bank of China (PBOC) is leaving economists divided over whether it needs to cut interest rates for a second month to boost a faltering economy. Sixteen of the 27 economists polled by Bloomberg forecast the central bank will keep the interest rate on its one-year policy loans unchanged on Tuesday, when it’s scheduled to conduct a ...

  Read More »
• 14 February

  Axis Bank set to buy Citigroup’s $2.5b retail unit in India

  

    Bloomberg Axis Bank Ltd is nearing a deal to buy Citigroup Inc’s India retail banking business in a transaction that could be valued at about $2.5 billion, people familiar with the matter said. An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of ...

  Read More »