Mexico’s Economy Grows More Than Forecast Amid Weakening Trend
Latin America’s second-largest economy grew 3.1% in 2022, faces headwinds ahead
Bloomberg Business
One Year of War Hangs Over Meeting of World’s Top Finance Chiefs
Finance chiefs from the world’s most powerful economies hardened their positions regarding language on Russia’s war in Ukraine, with the one-year mark looming over other critical global issues such as debt relief for poorer nations.
BASF to Cut 2,600 Jobs as Energy Crisis Hits German Industry
BASF SE plans to cut 2,600 jobs and reduce production in Germany as Europe’s biggest chemical producer braces itself for a future without cheap Russian gas.
Race to Replace Scottish Leader Tightens as Nominations Close
The race to succeed Scottish First Minister Nicola Sturgeon tightened after a week of wrangling over LGBTQ rights, the health service and where to go next in the push to break away from the rest of the UK.
France Will Oppose Any G-20 Statement Not Condemning Russian War
France is insisting that the Group of 20 finance chiefs find “strong” words to condemn Russia’s war in Ukraine, according to Finance Minister Bruno Le Maire.
Sri Lanka Suspends Local Government Polls for Want of Money
Sri Lanka will not hold local government polls scheduled for March 9 due to a lack of funds, the island’s Election Commission said in a statement.
China’s Central Bank Vows to Balance Growth and Inflation
China’s central bank pledged to strike a balance between supporting growth and preventing inflation risks this year, as the economic rebound from three years of Covid damage gathers pace.
UK Doubles Visas for Residence Despite Aim to Cut Migration
The UK granted residence visas last year at almost double the pace it did before the pandemic as more people came to work and study in the UK.
US Navy Contractors Need to Speed Deliveries of Missiles to Counter China, Admiral Says
Some of the US Navy’s leading contractors need to speed their deliveries of crucial munitions, including torpedoes and the service’s top air-defense missile, to be ready for a potential conflict with China, according to the service’s chief for fleet readiness.
US Announces Tariffs on Russian Metals Including Aluminum
The US announced new action against Russia’s metals and mining sector that include measures it said will significantly increase the cost of importing Russian aluminum.
