December, 2021

• 20 December

  Leftist Boric wins Chile presidency pledging economic revamp

  

    Bloomberg Leftist Gabriel Boric was elected president of Chile by a larger-than-expected margin, giving him a mandate to push for higher taxes, greener industries and greater equality after a contest focused on discontent over an investor-friendly economy that has left many behind. The former student protest leader won 56% of the vote, beating conservative rival Jose Antonio Kast’s 44%. ...

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• 20 December

  India set to link voter rolls to national IDs

  

    Bloomberg India’s lower house of parliament approved legislation seeking to link electoral rolls with a nationwide digital identity database to stop fraudulent voting despite protests from the opposition and civil society groups, who allege the move violates citizens’ privacy. The Election Laws (Amendment) Bill was introduced and approved within hours in the Lok Sabha via a voice vote amid ...

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• 20 December

  Ukrainian ex-president accused of state treason

  

      Bloomberg Ukraine’s former President Petro Poroshenko is suspected of state treason for purchasing coal from the country’s separatist areas, his ally told local media. A prosecutor signed a notice of suspicion for Poroshenko, who is now traveling abroad, Oleksandr Turchynov told a televised briefing. Poroshenko is expected back in Ukraine after holidays, said Turchynov, who denied any wrongdoing ...

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• 20 December

  Firms brace for extra Brexit red tape amid supply lines squeeze

  

    Bloomberg Just as firms wrestle with a global supply chain crisis and fresh pandemic restrictions, companies in the UK and European Union face another looming headache: More post-Brexit red tape. From January 1, companies importing goods into Britain from the EU will be required to make full customs declarations. Food products will also have be pre-registered on an IT ...

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• 20 December

  Unemployment rate falls in nearly all US states in November

  

    Bloomberg The unemployment rate fell in nearly every US state last month, including in eight states where it dropped to a record low. Nebraska, with a jobless rate of 1.8%, had the lowest in the country, followed closely by Utah at 2.1%, according to Labour Department data. Arkansas, Georgia, Montana, Oklahoma, West Virginia and Wisconsin also posted record lows. ...

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• 20 December

  French firms ‘crushed’ by power costs: Trade group

    Bloomberg The low availability of nuclear plants in France is causing power prices to soar, crushing the competitiveness of the nation’s companies, according to the Uniden trade group that represents energy-intensive industries. Electricite de France SA this week announced new or extended outages at four of the nation’s 56 nuclear reactors during winter, when demand peaks. Available nuclear capacity ...

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• 20 December

  German borrowing to stay close to record to fund pandemic aid

  

    Bloomberg Germany’s federal government plans to sell the second-highest amount of debt on record next year, as aggressive spending to offset the impact of coronavirus pandemic continues. Debt issuance will shrink to about 410 billion euros ($464 billion) in 2022, compared with a record of around 480 billion euros this year, according to the German finance agency’s issuance plan. ...

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• 20 December

  Denmark raises its growth outlook

    Bloomberg Denmark now sees its economic growth matching the fastest pace in almost three decades, predicting an outbreak of the new virus variant won’t derail a boom in the Nordic nation. Gross domestic product will probably expand by 3.9% this year, up from a previous forecast of 3.8%, the finance ministry said in a statement. The forecast, that would ...

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• 20 December

  Argentina limits grain exports in fight against food inflation

  

    Bloomberg Argentina is putting a ceiling on exports of corn and wheat in a fresh bid by the leftist government to quell food inflation at home. The government will first decide how much of the grains are needed in Argentina, and then proceed to stop exporters from registering shipments that’d jeopardise those domestic supplies, according to a resolution published ...

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• 20 December

  Omicron fears ignite market selloff as traders clear books

  

    Bloomberg Monday’s Asia trading session took on a decisively risk-off tone: US stock index futures fell, Treasuries gained and risk-sensitive currencies slid as investors fretted over fresh lockdowns to slow the new variant. Senator Joe Manchin’s rejection of the US spending package at the heart of President Joe Biden’s economic agenda heaped fresh fuel to the fire with market ...

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