ECB’s Simkus Says Inflation Peak Is Still to Come, FT Reports
Euro-zone inflation is showing a half-year lag to that of Lithuania, meaning the peak is yet to come, European Central Bank Governing Council Gediminas Simkus told the Financial Times.
Bloomberg Business
Japan Moves to Ease Crypto Token Listings After FTX Collapse
Japan will make it easier for cryptocurrency exchanges to list tokens, pressing ahead with plans to liberalize the industry even after the epic failure of Sam Bankman-Fried’s digital empire.
AstraZeneca Cancer Drug Gets First Japan Nod as Approvals Grow
AstraZeneca Plc’s new drug Imjudo won approval in Japan for two different cancer types when added to the blockbuster medicine Imfinzi, widening the immune therapy’s reach.
Hong Kong Ends Last Covid Curbs in Bid to Revive Finance Hub
Hong Kong will end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travelers, in a sweeping overhaul of policies aimed at reviving its reputation as a global financial center.
Fuel-Supply Glitch Delays Flights at Top South African Airport
A glitch in OR Tambo International Airport’s fuel-supply system resulted in major flight delays at South Africa’s busiest airport.
Uniper and Masdar to Build Green Hydrogen Plant in UAE
Germany’s Uniper SE is teaming up with Masdar, one of the Middle East’s biggest renewable-energy firms, to make green hydrogen in the United Arab Emirates.
How to Turn (Almost) Any Bicycle Into an E-Bike
Swytch Bike sells a DIY e-bike conversion kit complete with motorized wheel and battery pack. The startup can barely keep them in stock.
Solana Tumbles Again, Bringing Crypto Token’s 2022 Plunge to 94%
Solana, the cryptocurrency backed by fallen crypto mogul Sam Bankman-Fried, tumbled on Wednesday amid concerns that large holders may be about to offload the token.
China Covid Surge Leads Nations to Adopt Entry Restrictions
Nations across the globe are implementing or considering measures to test or restrict travelers from China as the country of 1.4 billion abandons its Covid Zero policy and prepares to reopen borders in early January.
KFC’s South Africa Unit to Shut Some Outlets Due to Power Cuts
KFC is temporarily closing some of its fried-chicken outlets in South Africa due to power cuts imposed by state electricity provider Eskom Holdings SOC Ltd.
