Bigger Is Better in India’s Nascent Electric Car Market

Demand for smaller SUVs has been surging in India. They’re suited for the country’s driving conditions, which can vary vastly from smooth multi-lane freeways to rutted streets crowded with rickshaws, dogs and cows. They also offer aspirational buyers an important, yet affordable, status symbol, perching drivers above the masses. And while larger electric SUVs tend … Read more

Poland Wants Allies to Send Up To 100 Tanks to Support Ukraine

Germany “should now feel more responsible to support Ukraine,” Morawiecki told Bloomberg Television at the World Economic Forum in Davos, Switzerland. The government in Warsaw wants to “inspire others” to send as many as 100 tanks so “we can make a difference in the battlefield in Ukraine.”

BOJ Boosts Bond Buying For Fourth Day To Cap Rise In Yields

Thursday’s benchmark bond sale may fetch a yield a little higher than 0.5%, Keisuke Tsuruta, a bond strategist at Mitsubishi UFJ Morgan Stanley Securities Co. in Tokyo., wrote in a note. Because the yield is kept lower than the 0.5% ceiling, 10-year notes look overvalued relative to other tenors and swaps, he said.

Benedict XVI, Pope Whose Resignation Shook Catholics, Dies at 95

There were allegations of sexual violence by Catholic clergy in Australia, Germany, Ireland, Italy, Poland the US and elsewhere. As the media uncovered court records of the church’s mishandling of sex crimes dating back half a century, Benedict faced questions over why he had failed to act on past warnings. 

Putin Says Russia Remains Ready to Negotiate

(Bloomberg) — With Russia’s invasion now into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,” Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,” he added. 

Zelenskiy Says Bracing for Russia’s Next Move

Ukraine’s troops continue to repel Russia’s attacks in the eastern Donetsk and Luhansk regions. Over the past 24 hours, Russia’s troops carried out three missile- and 10 air-strikes, including on civilian infrastructure in Donetsk region, according to Ukraine’s Military Staff. On top of that, Kremlin troops launched 62 attacks by multiple rocket launchers, causing damage … Read more

Zelenskiy Meets With Biden as US Adds More Aid

(Bloomberg) — Volodymyr Zelenskiy arrived at the White House to a red-carpet welcome by President Joe Biden in the Ukrainian president’s first trip outside his country since Russia invaded on Feb. 24. He is scheduled to make an evening address to Congress before departing Washington. Before the two presidents met in the Oval Office, the … Read more

EU Sets Gas-Price Cap at €180 in Effort to Stem Crisis

The deal essentially settles what has been one of the EU’s biggest disputes over energy policy since the crisis began. A group of nations led by Germany — the bloc’s largest economy — the Netherlands and Denmark were calling for a cautious approach to avoid too much market intervention. Meanwhile, a faction including Belgium, Italy, … Read more

Central Banks Start to Pause Hikes

(Bloomberg) — Global central banks are pausing or nearing the end of their interest-rate hiking cycles as inflation shows signs of slowing and recession concerns mount. Policymakers in Canada and Kazakhstan signaled they may soon hold steady, while central bankers in Brazil and Poland left their key rates unchanged for a third-straight meeting. Next week, … Read more