Goldman, BofA Say European Stocks Rally in 2023 Is Mostly Done
This year’s extension of the powerful European equities rally leaves limited room for more gains, according to strategists.
Bloomberg Business
Four EU Nations Call for Zero Emissions Target for Trucks, Buses
The Netherlands is leading calls for the European Union to target zero emissions from heavy duty vehicles to bring the polluting sector in line with its climate neutrality goals.
Brits Are Renting Out Spare Rooms to Beat Cost of Living Crisis
The number of people searching for lodgers to stay in their spare rooms has spiked, as living costs in Britain remain stubbornly high.
Adani’s Discount Share Sale Tries to Woo Public, Silence Critics
Indian tycoon Gautam Adani, who added $40 billion to his wealth last year after a blistering stock rally, wants validation from the investing public and critics who question the forces pushing up his companies’ share prices.
Tweaks to Japan’s Inflation Accord Would Flag BOJ Policy Change
A historic accord that ties the Bank of Japan to a 2% inflation goal is approaching its 10th anniversary amid speculation it may be revised to support a change of direction at the central bank under a new governor.
China to Speed Up Construction of Coal Power Plants This Year
China is planning to accelerate construction of coal- and natural gas-fired power plants this year, even as massive investment in renewables means clean power will dominate generation capacity.
UK’s Starmer Sends Clear Message at Davos: Britain Is ‘Open to Business’
Labour edged closer to becoming the government-in-waiting that the polls imply after the party leadership’s successful first day out at Davos.
Key African Economies to Slow Rate Hikes With Inflation Peaking
After tightening monetary policy sharply in 2022, most African central banks are poised to slow the pace of interest-rate hikes in coming weeks as inflation shows signs of peaking or moderating.
Vietnam Succession Battle Heats Up After President’s Ouster
Over the past few years, Vietnamese Communist Party Chief Nguyen Phu Trong has won praise from investors for removing corrupt officials. Now as some big names fall, it’s becoming clear his campaign serves another purpose: strengthening his hand in choosing a successor.
Major Fire in Seoul’s Gangnam Neighborhood Destroys 60 Homes
A blaze destroyed at least 60 homes in one of Seoul’s last remaining shantytowns on Friday, forcing the evacuation of about 500 people just before Lunar New Year, South Korea’s biggest holiday.
