Israel May Kick Off Year by Hiking Rate to 2008 Level
Israel is poised to increase interest rates to their highest level since 2008 on Monday, leading global central banks expected to extend a monetary tightening cycle to tackle faster inflation.
Bloomberg Politics
Indonesia’s Inflation Beats Highest Forecast in Challenge to Rate Outlook
Indonesia’s inflation surprised on the upside in December, challenging the central bank and market’s view that price pressures were well on the wane.
South Korea Asks US for Greater Role in Managing Nuclear Weapons
South Korean President Yoon Suk Yeol said his government is in talks with the US on taking a more active role in managing nuclear weapons on the Korean Peninsula, which would mark a significant shift in a decades-old policy among American allies to deter North Korea.
Ukraine Latest: Russia Launches Drone Attacks on New Year’s Day
Russia launched a barrage of drone attacks shortly before midnight on New Year’s Day, as sirens went off in southern, eastern, central and northern regions of Ukraine. Loud explosions were heard in the capital Kyiv, including downtown. Ukraine’s air defense forces said they shot down 45 drones the night before.
Lula Is Back in Brazil, Promising Prosperity Amid Global Economic Pain
Luiz Inacio Lula da Silva retook the helm of Latin America’s largest democracy promising to bring back the economic inclusion and prosperity that marked his first two terms as Brazil’s president between 2003 and 2011.
Israel’s New Finance Minister Eyes Measures to Boost Competition
Bezalel Smotrich, Israel’s finance minister in the government of newly appointed Prime Minister Benjamin Netanyahu, will seek to boost competition in the economy as the country faces higher inflation and rising interest rates.
Lagarde Says Croatia in Euro Shows Currency’s Appeal Endures
European Central Bank President Christine Lagarde said the currency union’s newest member proves that the euro has lasting appeal.
Lagarde Says Croatia Joining the Euro Shows the Currency’s Appeal Endures
European Central Bank President Christine Lagarde said the currency union’s newest member proves that the euro has lasting appeal.
Ukraine Latest: New Year’s Strikes Hit Kindergarten, Homes
Ukraine weathered a fresh New Year’s fusillade of missile and drone strikes one day after Russian strikes damaged three schools, a kindergarten, and several private houses. Ukraine’s air defense forces said it shot down 45 drones overnight.
Turkey, Syria, Russia to Hold New Talks on Civil War, Terrorism
Foreign ministers from Russia, Syria and Turkey will meet in the second half of January after last week holding the highest-level gathering since the Syrian civil war erupted in 2011.