European bonds rose sharply on the first day of trading in 2023, a sign traders are taking advantage of a recent selloff to lock in some of the highest yields in more than a decade before inflation starts to cool.
Finns managed to slash their power consumption by 10% in December to counter the impact of higher prices and to avoid blackouts that have become a real prospect after imports from Russia ended last year.
India’s courts will begin the new year with a clutch of hearings including a fight to recognize same-sex marriage, a plea against the anti-trust agency’s fine on Google, and petitions challenging the legality of Prime Minister Narendra Modi’s 2016 move to ban high-value currency notes.
Germany vowed to crack down on people responsible for violence around the weekend’s New Year celebrations, in which police, paramedics and firefighters were targeted with fireworks and dozens were injured.
China’s manufacturing, services and property sectors all weakened sharply in the fourth quarter due to Covid disruptions, resulting in a potential contraction in the economy in the final months of the year, a private survey shows.
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Pakistan’s inflation rose more than expected last month driven by high food and fuel prices, indicating that the central bank will keep borrowing cost elevated in its next monetary review.
The drop for home prices in Sweden continued unabated in the last month of the year, suggesting that 2023 could offer little relief for an already troubled housing market.
India’s Supreme Court upheld Prime Minister Narendra Modi’s 2016 decision to overnight invalidate high-value currency notes, a decision that could provide firepower to the ruling party ahead of a series of elections in coming months.
Japan’s Defense Ministry said it spotted a Chinese military drone near the Japanese islands of Okinawa and Miyakojima on New Year’s Day.
