Live news: British opposition demands Sunak reveal what he knows about Zahawi’s tax affairs

Can we afford to be more optimistic about the future? The next seven days begin more positively for global geopolitics with the visit of NATO Secretary General Jens Stoltenberg to South Korea and Japan.

He will travel from Seoul to Tokyo on Monday to strengthen the security alliance’s transatlantic ties with its major partners in Asia. The meetings that come after the meetings of Japan and South Korea Involvement For the first time in the European NATO summits, showing the alliance’s support for these countries in facing the security challenges posed by China and North Korea.

the The war in Ukraine It will be high on the agenda, with Tokyo and Seoul likely confirming the launch of additional non-lethal equipment for Kiev.

A schoolgirl stands next to the statue of Mahatma Gandhi in Ahmedabad © Amit Dave / Reuters

On the flip side, this week will also provide a reminder of the ongoing and very real challenge posed by populists and nationalists. India celebrates Martyr’s Day on Monday on the 75th anniversary of the killing of Mahatma Gandhi. As writer Ramachandra Guha notes in his book Weekend article at FTReverence for the anti-colonial revolutionary waned with the rise of Hindu nationalism.

In the United States, former President Donald Trump’s figure will feature heavily again as his adviser Peter Navarro is set to go on trial Monday on charges of Failure to comply with a subpoena From the House Committee that investigated the January 6, 2021 attack on the Capitol.

In the UK it is something else week of strikes, starting Monday with the Driver and Vehicle Standards Agency driving instructors. The biggest working day will come on Wednesday when schoolteachers, train drivers and university lecturers disable gadgets while the TUC trade union body organizes the Right to Strike Protection Day in the face of A controversial government bill To reduce industrial activity on basic services.

Economic data

The rate-setting schedules have been aligned again for the monetary policy committees of the Federal Reserve, the European Central Bank and the Bank of England.

The European Central Bank is expected to do so Stick to very large price increases As the Fed turns bearish, having indicated that it will finish their pace From a 0.75 percentage point increase in December.

The Bank of England is expected to pay an increase of 0.5 percentage point, due to its stubborn insistence on high inflation, strong wage growth and the unexpected resilience of the British economy.


A woman uses her Apple iPhone and laptop at a coffee shop in Lower Manhattan

Big tech companies including Alphabet,, Apple, Meta and Spotify release quarterly earnings © Mike Segar / Reuters

We’re in the midst of earnings season and this week is peak for the big tech companies with quarterly numbers from Alphabet,, Apple, Meta and Spotify. It’s been a worrying time for the sector, not least to admit that they’ve hired massively during enlarge years epidemic.

Apple will be noteworthy given that it is expected to break its 14-quarter growth streak in the profitable December period due to a shortage of high-end iPhones. The outbreak of Covid-19 in November at the Zhengzhou factory (known locally as iPhone city) is to blame, causing a shortage of phones somewhere between 5 million and 10 million units.

At around $1,000 per pop, that works out to a price of $10 billion, which isn’t good news for Apple considering the Phone war with google. Revenue this quarter of 2021 was a boost of less than $124 billion; The outlook is slightly lower for 2022 but the impact on bottom line could be greater.

Read the full calendar for the coming week here.

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