UK Trade Deficit Narrows With Jump in Car and Aircraft Exports
Britain’s trade deficit narrowed sharply after a slump in natural gas prices reduced import costs and a flurry of exports of aircraft and cars.
Bloomberg Business
Lula’s Ties With Military Are Strained by Crackdown on Rioters
By criticizing his army commanders, Brazilian president risks undermining his own efforts to mend relations with generals
US Reshoring of Supply Chain to Be Limited by Costs, Studies Say
A mass exodus out of East Asia seems unlikely for US manufacturers in 2023, with any decision to diversify supply chains away from the region dictated by costs, as well as logistics considerations, according to separate reports.
Union Lawyer’s Fight Against Tegna Deal Helps Its Corporate Foes
A union lawyer arguing that the $5.4 billion purchase of broadcaster Tegna Inc. by hedge fund Standard General LP will corrode democracy and should be blocked is also a lobbyist for three companies that stand to benefit financially if the deal dies.
German Google Data Probe Targets Heart Of Digital Dominance
A German probe of internet giant Google is targeting the heart of what enables Big Tech to dominate markets in the digital age: data. That’s according to Andreas Mundt, the head of Germany’s antitrust office, and one of the sector’s most tenacious critics.
Wanda Billionaire’s Son Arrested After Punching Person
The only son of property billionaire Wang Jianlin — once Asia’s richest man — was detained for attacking a person in Shanghai, according to media outlet Beijing News.
China’s Government to Take Golden Shares in Alibaba, Tencent
Chinese government entities are set to take so-called “golden shares” in units of Alibaba Group Holding Ltd. and Tencent Holdings Ltd., suggesting Beijing is moving to ensure greater control over key players in the world’s largest internet arena.
Swedish Inflation Tops 10% for the First Time Since 1991
Sweden’s inflation rate reached double digits for the first time in more than three decades in December, as price increases show little sign of abating despite the central bank’s efforts.
BofA Strategists Say US Stocks Set For 10% Drop Before Later Rally
US stocks are poised for a fresh slide before ultimately rallying in the second half of the year when economic conditions stabilize, according to Bank of America Corp. strategists.
German Recession Fears Ease on Surprise Year-End Stagnation
Germany’s economy probably stagnated in the final quarter of 2022, defying analyst expectations for a contraction and easing fears of a recession triggered by the war in Ukraine and soaring inflation.
