Danish Apartment Prices Drop Almost 10% From June Peak
Prices of Danish apartments have shed almost 10% in six months as rising interest rates are freezing the Nordic country’s housing market.
Bloomberg Business
Union Boss Says UK Rail Strike Talks to Resume Next Week
One of the UK’s biggest unions accused the government of waiting until after this week’s crippling rail strikes before resuming talks over pay and working conditions.
Russia Ups Death Toll in Ukraine Strike, Blames Cell-Phone Use
Russia raised the death toll in a Ukrainian rocket attack on New Year’s Day, to 89, the largest such loss it’s yet acknowledged in the war, blaming soldiers’ mobile-phone use for exposing their location.
India Court Refuses Immediate Relief to Google on $162 Million Penalty
An Indian appeals court refused to grant immediate relief to Alphabet Inc.’s Google over a $162 million antitrust fine for abusing the dominant position of its Android smartphone operating system in the country.
Citi Trims India Current Account Gap Forecast to 2.9% of GDP
Citigroup Inc. has trimmed India’s current account deficit forecast for the current financial year ending March, after services exports grew unexpectedly and oil prices moderated.
Panasonic to Stop Making Rice Cookers in Japan After Six Decades
Despite being the birthplace of the humble rice cooker, a decline in appetites for the grain and cost savings to be found elsewhere are prompting Panasonic Holdings Corp. to end production in Japan.
Key Italian Minister Questions ECB Independence From Governments
A key minister in Giorgia Meloni’s right-wing administration has called into question the legitimacy of the European Central Bank’s independence from national governments and European Union authorities.
White House Says No Cause for China Retaliation Over Covid Curbs
The White House said there’s no reason Beijing should retaliate against the US and other nations that have imposed Covid restrictions on its travelers, saying the moves were justified on public health grounds as China experiences a surge in cases.
China’s Pledge to Lift Consumption Sparks Debate on Cash Handouts
(Bloomberg) — China’s policymakers have made it a top priority to boost consumption in the economy in 2023, yet beyond broad pledges, they’ve provided little detail on specific steps to achieve that goal.
Japan to Step Up Border Curbs on Visitors From China on Jan. 8
Japan will require more stringent Covid-19 testing from Sunday on visitors coming from China, risking further irritating its neighbor as it tries to prevent a sharp increase in cases that could put new strains on its medical system.
