India Unemployment Rate Surges to 16-Month High, CMIE Data Shows
India’s unemployment rate rose to a 16-month high in December as job creation in the slowing economy failed to keep pace with the growing workforce.
Bloomberg Top News
US Is in Recession ‘By Any Definition’, Michael Burry Says
Scion Asset Management founder Michael Burry said while inflation has peaked, it is likely to pick up again in response to government stimulus.
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.
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.
Xi Warns of Tough Covid Fight, Acknowledges Divisions in China
President Xi Jinping said tough challenges remain in China’s fight against Covid-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.
Japan Says Chinese Military Drone Spotted Near Island of Okinawa
Japan’s Defense Ministry said it spotted a Chinese military drone near the Japanese islands of Okinawa and Miyakojima on New Year’s Day.
Yen Starts Year on Front Foot as Traders Eye Dollar Cliff Edge
The yen started 2023 with modest gains Monday as traders weighed the risk of further technical strength amid thin holiday trading.
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.
NY Governor Hochul Promises to Focus on Crime, Cost of Living
New York Governor Kathy Hochul promised to reduce crime, improve affordability and stem the state’s population loss as she took the oath of office for her first full term on Sunday.