UK unemployment falls but cost-of-living concerns rise – POLITICO

LONDON – Unemployment in the United Kingdom fell to 4.1 percent in December 2021, down from 4.2 percent the previous month, according to data released on Tuesday by the Office for National Statistics. The data also showed strong salary figures, which showed an increase of 184,000 jobs — a sign that the country’s labor market … Read more

Valued at $203 billion, India readies LIC IPO, its biggest ever | Business and Economy News

In Mumbai’s elegant skyscrapers, reckless bankers are racing against the clock to value a company that hasn’t been valued for decades. Bureaucrats burn midnight oil in New Delhi, working through blackouts to combine an initial public offering to rival any in Asia this year. Across the hinterland, front page advertisements in newspapers alert more than … Read more

Credit Suisse chairman quits after breach of coronavirus rules – POLITICO

FRANKFURT – Credit Suisse President Antonio Horta Osorio has resigned amid an internal investigation into his personal conduct, including violating coronavirus rules. “I regret that a number of my personal actions have led to difficulties for the bank and impaired my ability to represent the bank both internally and externally,” Horta-Osório said in a statement … Read more

Vodafone Idea finds a new investor to rescue it: Indian gov’t | Business and Economy News

Vodafone Idea will transfer equity to its former receivables to the government, giving the latter approximately 36 percent of its stake. Indian telecom operator Vodafone Idea Ltd said its board of directors has approved the conversion of its past dues to the government into equity, giving it a roughly 36% stake in the country’s third … Read more

As digital lending explodes in India, the threats mount | Business and Economy News

When V. was fired instead, his boss offered a strange explanation: After Rajapandian defaulted on a mobile app loan, recovery agents demanded the factory pay on his behalf. “I lost my job because of them,” Rajabandian said of CASHe, the app he used to secure a $132 loan. “I constantly live with the fear that … Read more

Turkish inflation surges to highest level since 2002 | Business and Economy News

The annual rate of inflation in consumer prices rose to 36.08 percent last month, as did the prices of food and energy. by Paris Balcy and Kagan CookBloomberg Posted on January 3, 2022January 3, 2022 Turkish inflation jumped to a 19-year high in December, driven by a weaker lira and calls from President Recep Tayyip … Read more

Mexico’s central bank to launch digital currency by 2024 | Technology News

Mexico’s government wrote on Twitter that the central bank considers technology very important for financial inclusion. The Mexican government has announced on social media that Mexico’s central bank will have its own digital currency by 2024, although this development has not been confirmed by the monetary authority, known locally as Banxico. “Banxico has informed that … Read more

POLITICO’s most-read stories of 2021 – POLITICO

2021 was a strange year, to say the least. It started with an unusual attack on Capitol Hill in Washington, D.C., brought us the iconic Bernie Sanders meme and his gloves, saw the Suez Canal blocked by the container ship Ever Geffen for six days (another source of viral memes), and brought us a diplomatic … Read more