BOE Says Profit From Emergency Bond Buying Will Benefit Treasury
Bank of England Governor Andrew Bailey confirmed the profit made from the insitution’s emergency bond purchases last year will benefit the UK Treasury.
Bloomberg Business
Germany Signals Support for Spanish Power-Market Revamp Proposal
Germany’s Economy Minister Robert Habeck signaled that he supports Spain’s proposal for reforming Europe’s electricity market, which aims to disentangle the cost of renewable power from gas prices.
Hamas Releases Video Purporting to Show Israeli Captive in Gaza
Hamas, the militant group that rules Gaza, has released a video for the first time that purports to show an Israeli citizen who’s been held in the coastal strip for years.
German Defense Minister Lambrecht Quits in Blow to Scholz
German Defense Minister Christine Lambrecht said she will step down following a series of missteps and days of speculation over her future, a blow to Chancellor Olaf Scholz’s government as it weighs crucial decisions on arming Ukraine.
European Gas Slumps to 16-Month Low on Strong Supply Outlook
Natural gas prices in Europe dropped to the lowest level since September 2021 as the supply outlook got a boost with full stockpiles in China forcing buyers to send LNG cargoes to the continent.
Russia’s Seaborne Crude Flows Surge to Highest Since April
A jump in Baltic shipments helped crude volumes rise to 3.8 million barrels a day last week
Ghana Approves Sale of Vodafone Unit to French Tycoon’s Telecel
Ghana has given Telecel Group, headed by French tycoon Hugues Mulliez, approval to buy Vodafone Group Plc’s operations in the West African country.
Europe Failing on Renewables as Cost Fears Bite, Vestas CEO Says
Europe is failing on its renewable energy plan as the cost of development soars, according to the world’s biggest wind-turbine maker.
Yellen Sets Surprise Meeting With China’s Liu in Switzerland
US Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Jan. 18 in Zurich, making a detour on her way to talks in Africa.
UK, EU Vow to Keep Pushing for Brexit Deal on Northern Ireland
The UK and European Union pledged to continue working toward a post-Brexit deal for Northern Ireland, but stopped short of formally announcing an intense final phase of negotiations.
