The Indonesian rupiah is off to a roaring start at the beginning of the year thanks to the currency’s appealing carry returns, and analysts are betting it may end 2023 with the biggest annual gain in more than a decade.
The US general in charge of NORAD said he hasn’t ruled out any possibilities on the source of three objects shot from the skies over the US and Canada — including that they might be of extraterrestrial origins.
LG Chem Ltd. is prioritizing efforts to secure raw materials used in electric-vehicle batteries and establishing a self-sufficient global supply chain, including via potential partnerships and investments in mining companies.
Singapore reaffirmed its growth forecast for 2023 after a slower-than-expected performance last year, amid cautious optimism from China’s reopening and lingering risks from slowing demand globally.
Investors are keen to seek clarity from companies during earnings releases on their exposure to Adani Group, as the Indian billionaire Gautam Adani’s indebted conglomerate is said to have halved its revenue growth target and plan to hold off fresh capital expenditure amid a selloff that wiped out more than half of the market value of its companies.
Three flying objects were downed over North America in as many days and another was reportedly spotted over a Chinese port city, showing how “unidentified aerial phenomena” are keeping the world on edge since entering the international mainstream last week.
UK businesses plan to cut hiring as the economic outlook darkens, but a shortage of workers means they’ll pay at record rates for the staff they need, two separate reports showed.
A £17 billion ($20.5 billion) “bank of mum and dad” is driving inequality between younger generations in the UK as the children of wealthy parents are handed substantially more than their peers, according to the Institute for Fiscal Studies.
Four in 10 renters moving home in London last year chose to leave the city as pricey monthly payments squeezed budgets to the limit.
The UK business community is urging Chancellor of the Exchequer Jeremy Hunt to incentivize investment, cut taxes and tackle skills shortages in his budget next month, after the British economy narrowly avoided a recession last year.
