Newsletter Jan 26, 2023

Dollar near eight-month low ahead of central bank meetings

The U.S. dollar index last stood at 101.53, languishing near last week's eight-month trough of 101.51.

Like Germany, US will provide heavy tanks to Ukraine

Ukraine -- which had pleaded for heavy Western tanks for months -- welcomed the twin announcements, with President Volodymyr Zelensky urging they be delivered quickly.

UK reviews rules after row over Wagner lawsuit against journalist

The finance ministry currently grants licences letting sanctioned people to circumvent restrictions so as to hire UK lawyers and pay their fees for lawsuits filed in British courts.

Stocks pause near five-month peaks on note of caution

World stocks paused near five-month highs on Wednesday, as signs that central banks might need to keep hiking interest rates for longer dampened a recent wave of optimism that aggressive monetary tightening by big central banks was almost done.

Gold falls as dollar holds ground, traders eye U.S. data

Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S.

German economy to avoid recession in 2023, says Berlin

Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected.

EU grapples with asylum reform as migrant entries surge

Eight years after facing a refugee crisis in 2015, the European Union is still struggling with how to reform its asylum system -- just as migrant entries are once again rising.

EasyJet sees return to profit, strong bookings for 2023

EasyJet (EZJ.L) on Wednesday said it expected to beat current market expectations for 2023 based on the strength of bookings into summer and was set to deliver a return to full-year profit as the sector recovers from pandemic restrictions.

Generation Z finding time for second-hand luxury watches

Swiss watch exports hit a new record in 2022, climbing 11.4 percent year-on-year to 24.8 billion Swiss francs.

IBM cuts 3,900 jobs, misses annual cash target

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.

Meta says Trump to be allowed back on Facebook, Instagram

It was not clear when or if Trump will return to the platforms, and his representatives did not immediately respond to a request for comment.

Tesla reports record profits, confirms long-term outlook

Elon Musk's electric vehicle (EV) company reported fourth-quarter profits of $3.7 billion, up 59 percent from the year-ago period as revenues jumped 37 percent to $24.3 billion.

Premier League clubs set new record for January spending

Premier League clubs have broken the record for transfer spending during the January window with a ?440 million ($542 million) spree, according to sports finance experts Deloitte.

Djokovic, Sabalenka roll into Australian Open semi-finals

Novak Djokovic was two wins away from a 22nd Grand Slam crown after bulldozing into the Australian Open semi-finals on Wednesday, while Aryna Sabalenka was equally impressive in reaching the women's last four.