January, 2021

• 10 January

  Demand for Chinese goods creates container shortage

  

  Bloomberg Global demand for Chinese goods has been so strong recently it’s creating a shortage of containers and driving up shipping costs, potentially impeding the nation’s exports in coming months. Exports have been on a tear since July last year, fuelled by pandemic-related purchases like medical masks and work-at-home equipment, including computers. Imports haven’t been growing at nearly the same ...

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• 10 January

  Vedanta launches offer for 10% of India unit

  Bloomberg Vedanta Resources launched an open offer for a 10% stake in its India unit, two months after a failed delisting attempt for Vedanta Ltd. The London-based parent of Mumbai-listed Vedanta Ltd will buy as many as 371.75 million shares, comprising 10% of the outstanding equity of the Indian unit, according to an exchange filing. The open offer, which will ...

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• 10 January

  India to begin vaccine roll out from January 16: Ministry

  

  Bloomberg India will kick start one of the world’s largest coronavirus inoculation campaigns, aimed at stemming the spread of a disease that has infected 10.4 million people within its borders and plunged its economy into recession. Starting January 16, the South Asian nation will start administering the first shots of a Covid-19 vaccine on nearly 30 million healthcare workers and ...

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• 10 January

  Trump plans defiant final week as many Dems urge his ouster

  

  Bloomberg Banned from social media and abandoned by some staff after inciting a riot at the US Capitol, President Donald Trump and a dwindling circle of advisers plan a defiant final week in office, according to people familiar with the matter. Trump is confident Vice President Mike Pence and members of his cabinet won’t attempt to remove him under the ...

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• 10 January

  US, Western allies ‘concerned’ over Hong Kong arrests

  

  Bloomberg The US Secretary of State and foreign ministers of the UK, Canada and Australia expressed their “serious concern” about the arrest of 55 politicians and activists in Hong Kong, the governments said in a joint statement. Hong Kong’s National Security Law, under which the arrests were made, is a breach of the Sino-British Joint Declaration and undermines the “one ...

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• 10 January

  Sweden shuns Nato as stability outweighs worries about Russia

  

  Bloomberg Sweden’s top defense official said staying out of North Atlantic Treaty Organisation (Nato) remains the best security option for the country, even with an increasingly assertive Russia. A Swedish application for Nato membership would “affect the entire security policy architecture in our part of Europe,” Defense Minister Peter Hultqvist said in an interview in Stockholm. “Above all, it puts ...

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• 10 January

  Philippines lawmakers to open talks on amending constitution

  Bloomberg Philippines House Speaker Lord Allan Velasco renewed a proposal to amend the country’s Constitution by lifting restrictive economic provisions to attract more foreign investments. A resolution from the Senate and the House of Representatives seeks to insert the phrase “unless otherwise provided by law” to several sections of the Constitution involving national patrimony and economy; education, science and technology; ...

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• 10 January

  Putin to host first post-war talks between Armenia, Azerbaijan

  

  Bloomberg Armenian Prime Minister Nikol Pashinyan and Azerbaijan President Ilham Aliyev plan to meet in Moscow on Monday for first time since their countries fought a 44-day war. The talks, which will also include Russian President Vladimir Putin, will focus on aiding residents of the war zone and unblocking economic and transportation links between the countries, the Kremlin said on ...

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• 10 January

  Bank of France says high debt puts financial system at risk

  

  Bloomberg Rising corporate debt and the prospect of further Covid-19 lockdowns pose a systemic risk to France’s financial system that may rise in the coming months, according to the country’s central bank. Debts of non-financial companies are now the greatest vulnerability in the system, the Bank of France said in its semi-annual review of financial risks. While the second lockdown ...

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• 10 January

  New Zealand central bank investigating data breach of sensitive info

  

  Bloomberg The Reserve Bank of New Zealand (RBNZ) said it’s investigating an illegal breach of a third-party file sharing service used to share and store some sensitive information. While the breach has been contained, the nature and extent of the information that potentially had been accessed is being determined and may have included some commercially and personally sensitive data, Governor ...

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