IMF Chief Georgieva Warns of ‘Tough Year’ for World Economy
International Monetary Fund Managing Director Kristalina Georgieva warned that the global economy faces “a tough year, tougher than the year we leave behind.”
Bloomberg Top News
Ukraine Latest: Drones Shot Down as Russia Launches Barrage
Ukraine downed all 39 Iran-made Shahed drones launched overnight, as well as two Russian-made Orlan drones and a cruise missile, the country’s air defense command said on Telegram.
Dubai Ends Hefty Alcohol Tax to Boost Business and Tourism
Dubai kicked off the new year by scrapping a 30% tax on alcohol sales and making liquor licenses free, in an apparent move to bolster its status as the Middle East’s leading business and tourism hub.
Helicopter Collision Near Australia Theme Park Leaves 4 Dead
Four people have died and three are critically injured after a mid-air collision involving two helicopters near the Sea World theme park on Australia’s Gold Coast.
ECB Raises Deutsche Bank Capital Bar in Leveraged Loan Crackdown
Deutsche Bank AG confirmed it faces a higher capital requirement as its main regulator pushes lenders to dial back the risks they face in the lucrative business of leveraged finance.
Modi’s Cash Ban Was Legal, India Court Rules Amid Faint Dissent
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.
Helicopter Collision Near Australia Theme Park Leaves Four Dead
Four people have died and three are critically injured after a mid-air collision involving two helicopters near the Sea World theme park on Australia’s Gold Coast.
Dubai Ends Hefty Alcohol Tax in Bid to Boost Business, Tourism
Dubai kicked off the new year by scrapping a 30% tax on alcohol sales and making liquor licenses free, in an apparent move to bolster its status as the Middle East’s leading business and tourism hub.
New China Foreign Minister Seeks Better US Ties in Blinken Call
New Chinese Foreign Minister Qin Gang sought better Sino-US ties in a phone conversation with Secretary of State Antony Blinken on New Year’s Day, according to a statement from the Ministry of Foreign Affairs in Beijing.
Swedish Housing Market Rout Continues With Prices Now Down 17%
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.