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UK Unveils Cost Of Living Support To Low Income Households

The British government is set to start paying out the cost of living support of up to GBP 900 to low income households in the Spring, a plan than was initially announced by the Chancellor Jeremy Hunt in the autumn statement. The Department of Work and Pensions said on Tuesday that the cost of living payment for means-tested benefit claimants will go direct to bank accounts in three disbursements
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InterDigital To Renew Patent License Agreement With Samsung

InterDigital To Renew Patent License Agreement With Samsung

InterDigital, Inc. (IDCC), a mobile and video technology research and development company, announced Tuesday that it has agreed to renew its patent license agreement with Samsung Electronics (SMSN.L, SSNNF.OB, SSNLF.OB).
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Computer Issue That Delayed Florida Flights Resolved

Computer Issue That Delayed Florida Flights Resolved

Air traffic control issues that caused flight delays to Florida airports have been resolved by the Federal Aviation Administration or FAA, reports said. Earlier Monday, the agency had said that it had slowed the volume of air traffic into Florida airspace due to an air traffic computer issue.
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Japanese Yen Higher On Hopes For BoJ Policy Shift

Japanese Yen Higher On Hopes For BoJ Policy Shift

The Japanese yen was higher against its major opponents in the Asian session on Tuesday, on hopes that the Bank of Japan will alter its easy policy in 2023.
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European Shares Extend Gains Ahead Of German Inflation Data

European Shares Extend Gains Ahead Of German Inflation Data

European stocks rose sharply on Tuesday to extend gains from the previous session, as investors awaited German consumer price data expected to confirm the gradual easing that started last month.
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FTSE 100 Rallies Led By Energy Stocks

FTSE 100 Rallies Led By Energy Stocks

U.K. stocks were sharply higher on their first trading session of 2023. Markets await a reading on manufacturing for December, which is expected to have held steady year-on-year.
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CAC 40 Extends Gains As Inflation Worries Ease

CAC 40 Extends Gains As Inflation Worries Ease

French stocks opened higher on Tuesday as Prime Minister Elisabeth Borne said that inflation was expected to peak at the start of 2023 before retreating.
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DAX Rises Ahead Of Inflation Data

DAX Rises Ahead Of Inflation Data

German stocks advanced on Tuesday as investors awaited consumer price data expected to confirm the gradual easing that started last month.
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Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade

Asian stocks turned in a mixed performance on Tuesday as investors digested disappointing Chinese data and awaited a slew of U.S. economic data this week for clues on the economic and interest-rate outlook.
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Singapore GDP Growth Weakens Sharply On Lackluster Manufacturing

Singapore GDP Growth Weakens Sharply On Lackluster Manufacturing

Singapore's economic growth weakened sharply towards the end of the year as the manufacturing sector slid into contraction mainly due to falls in electronics and biomedical production. Gross domestic product grew only 2.2 percent on a yearly basis in the fourth quarter, moderating from the 4.2 percent expansion in the preceding period.
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SpaceX Reportedly Raising $750 Mln

SpaceX Reportedly Raising $750 Mln

Elon Musk's Space Exploration Technologies Corp. or SpaceX is raising $750 million in a new round of funding, valuing the company at $137 billion, CNBC reported citing a correspondence it viewed. Andreessen Horowitz, also known as a16z, could be a lead investor in the rocket maker and satellite internet company.
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European Economic News Preview: Germany Flash Inflation, Unemployment Due

European Economic News Preview: Germany Flash Inflation, Unemployment Due

Flash inflation and unemployment data from Germany and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Tuesday. At 3.30 am ET, Swiss manufacturing PMI survey data is due. The PMI is expected to fall to 53.3 in December from 53.9 in the previous month.
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