December, 2021

• 7 December

  If Tesla has got troubles, everyone should worry

  

  Tesla Inc so far has managed to deftly navigate the supply chain crisis and US–China trade tensions that have hamstrung manufacturers globally. The EV maker’s latest worries show it’s about to get tougher for companies that hoped the worst was behind them. Joining a host of other auto suppliers looking for tariff exclusions on various parts, Elon Musk’s company submitted ...

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• 7 December

  When innovation grows from imitation

  

  You probably know him as that stern, cult-leader-ish face staring from billboards on multiple continents, clad in wire-rimmed glasses and a starched button-up shirt, like some Steve Jobs of the sleep industry. Contrary to the haunt-your-dreams imagery, De Rucci guy isn’t the obsessively controlling scion of a long line of Milanese upholsterers. Instead, according to the state-run China Daily newspaper, ...

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• 7 December

  Singapore wants to lead on cryptocurrency

  Singapore may have set its sights on becoming the world’s cryptocurrency capital. But its “buyer beware” approach to trading in risky digital assets doesn’t mean anything goes. A coin that works as a pension plan for BTS, the world’s most-famous K-pop group, is perhaps beyond the pale. The Monetary Authority of Singapore (MAS), which had earlier allowed Bitget, a popular ...

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• 7 December

  ESG defies Wall Street’s efforts to package it well

  Wall Street is trying to bottle ESG, but ESG has other ideas. Mutual funds and exchange-traded funds based on environmental, social and governance attributes have gathered a lot of money recently. They took in $51 billion in 2020, $3 billion more than during the previous 11 years combined, according to Morningstar. This year’s flows are even bigger, $56 billion through ...

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• 7 December

  Biden-Putin call gets underway with tensions high over Ukraine

  

  Bloomberg President Joe Biden began a high-stakes call with Russian President Vladimir Putin, according to reports from Interfax and Tass, seeking to ease tensions that have spiked over Russia’s massing of troops along the border with Ukraine and fears of a possible invasion. Putin and Biden began their video call around 10 am Washington time on Tuesday, according to the ...

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• 7 December

  Malaysia court dismisses Najib’s plea, SRC verdict

  

  Bloomberg Malaysia’s court dismissed former leader Najib Razak’s application to add new evidence in the first of his 1MDB-linked trials, and maintained that the verdict on his appeal would be delivered on Wednesday. Najib was convicted last year of money laundering, corruption and criminal breach of trust over 42 million ringgit ($10 million) of funds belonging to SRC International, a ...

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• 7 December

  Ireland braces for weather bomb with Storm Barra

  Bloomberg Ireland braced for a weather bomb, with Storm Barra’s violent winds and rain slamming the country through Wednesday. The Irish Meteorological Service issued a red wind warning for three counties in the west and south of the country, with people advised to shelter indoors and some transport and health services suspended. At least 12,000 homes and businesses had lost ...

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• 7 December

  Whistle-blower says UK wasted time during Kabul airlift

  

  Bloomberg A whistle-blower who worked on the UK’s response to the Afghanistan crisis has laid bare what the young diplomat says were serious shortcomings in how then-Foreign Secretary Dominic Raab — and even the ministry itself — handled the evacuation of vulnerable people from Kabul. Raphael Marshall, a junior officer in the British foreign service, told a parliamentary committee that ...

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• 7 December

  France considers furlough extension post Covid curbs

  Bloomberg The French government will provide support to any sector hit by latest Covid restrictions, including extending financing of furlough beyond the end of this year, Finance Minister Bruno Le Maire said. The finance ministry is working with the labour ministry to extend the current mechanism and make it easier to access for firms affected by government decisions including the ...

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• 7 December

  Canada adds 153,700 jobs as unemployment rate declines

  

  Bloomberg Canada’s labour market blew past expectations in November as the end of income support programs helped fuel new hiring. Employment rises 153,700 last month, Statistics Canada reported in Ottawa. That’s more than quadruple the 37,500 gain economists were predicting, according to the median estimate in a Bloomberg survey. The numbers show just how close the nation’s economy is to ...

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