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Seven are shot dead in another mass shooting in California, senior Ukrainian officials step down in a rare purge in Kyiv, and euro zone business activity is back to growth by Linda Noakes |
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Police officers detain a man, believed by law enforcement to be a mass shooting suspect, in Half Moon Bay, California, January 23, 2023 |
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Ukraine's President Volodymyr Zelenskiy speaks during his nightly video address, January 23, 2023 |
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- Several senior Ukrainian officials resigned in the biggest leadership shakeup of the war with Russia so far, in what an aide to President Volodymyr Zelenskiy called an answer to public calls for "justice". Some, though not all, of the resignations were linked with corruption allegations.
- Finland's foreign minister said a time-out of a few weeks was needed in Finland and Sweden's talks with Turkey on their application to join the NATO military alliance. Turkey's president said that Sweden should not expect his country's support after a protest near the Turkish embassy in Stockholm at the weekend, which included the burning of a copy of the Koran.
- Jacinda Ardern bid an emotional farewell on her last day as prime minister, speaking of the kindness and empathy New Zealanders have shown her. "Thank you from the bottom of my heart for the greatest privilege of my life," Ardern told a gathering of politicians and Maori elders in the small town of Ratana.
- Australia will limit the sale of alcohol and consider wider bans to control spiraling alcohol-fueled violence in a central region, in the run-up to a referendum on Indigenous recognition that is shining a light on deep social divisions.
- The World Health Organization has called for "immediate and concerted action" to protect children from contaminated medicines after a spate of child deaths linked to cough syrups last year. In 2022, more than 300 children in Gambia, Indonesia and Uzbekistan died of acute kidney injury, in deaths that were associated with contaminated medicines.
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Tesla CEO Elon Musk is questioned by his attorney Alex Spiro during a securities-fraud trial at federal court in San Francisco, January 23, 2023 in this courtroom sketch |
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- Elon Musk told jurors he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla private, and could even have used his stake in rocket company SpaceX to fund a buyout. At a trial in San Francisco federal court, Musk spoke quietly and calmly during roughly five hours of testimony.
- Euro zone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that the currency union may escape recession, a survey showed. A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically.
- Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals. The problem is, the seabed's double-booked, and something has to give.
- The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as Beijing relaxes COVID curbs after three long years. Swatch shares hit their highest level in nearly two-and-a-half years after the world's biggest watchmaker said it expected a recovery in demand from China.
- Some U.S. business jet buyers are looking for new aircraft whose current owners are having trouble making payments ahead of delivery, in a possible sign of early cracks in what has been a soaring market up to now. From preowned planes selling more gradually to flattening business jet traffic, demand is beginning to moderate.
- Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Read our weekly analysis of the wild world of cryptocurrencies.
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Austin Butler attends the 28th annual Critics Choice Awards in Los Angeles, January 15, 2023 | |
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