[5 llyfr y bore yma]Handpicked news you want to read at work – Bloomberg

Following the massive earthquake that occurred in Turkey, the advance party of the Japanese rescue team left. In addition to rescuing sailors in the Ertuğrul shipwreck in 1890 and rescuing Japanese nationals in the Iran-Iraq War in 1985, Turkey and Japan have sent rescue teams together in the event of major earthquakes. This time too, the spirit of “When in trouble, help each other” continues. Here are five news items to keep in mind as you start your day.

a big earthquake

A series of large earthquakes hit southern Turkey on the 6th, together in Turkey and SyriaAround 2,500 people were killed and crude shipments to Turkey’s main oil shipping ports were halted. Rescue workers are rushing to save many people trapped in apartment complexes, the Turkish government said. As the snow thickens at night, many people suffer the cold without gas or electricity for heating. At the request of Turkey, the Japanese government decided to send the Japan Disaster Relief Team and a rescue team. According to Kyodo News, the advance party left at midnight on the 6th.

Block aluminum imports

US this weekPreparations are underway to impose a 200% tariff on Russian aluminum. A person familiar with the matter said. The proposal had been under consideration for several months. It’s also because Russia sells aluminum to the U.S. market at unreasonably cheap prices, hurting U.S. companies, the people added. President Biden has not yet formally endorsed it. Some in the administration are concerned about the damage to US industries such as aerospace, he said.

no recession

US Treasury Secretary Janet Yellen said on Monday that “when there are half a million jobs and the unemployment rate is at its lowest level in nearly 50 years, there will be no recession.” “We foresee a trajectory where inflation is significantly lower and the economy remains strong,” he said. He called the consumer price index (CPI), which slowed to 6.5% in December from a year earlier, “still too high,” and said bringing it down was a top priority for President Biden.

End of progress this year

David J. Costin et al.Goldman Sachs Group Inc. strategists said. in a note that the S&P 500 index, which has risen around 8% since the start of the year, is at a level that accurately reflects better than expected economic growth and lower bond yields. At the same time, high valuations, poor corporate earnings and high interest rates mean there is little upside. The three-month target for the S&P 500 was raised to 4,000 from 3,600, but is still 3% lower than Thursday’s close. He left the target of 4,000 by the end of 2023 unchanged, suggesting that it will not be higher than now by the end of the year.

flying bike

Airwinds Technologies, a subsidiary of ALI Technologies in the United States (Minato-ku, Tokyo), which handles “flying motorcycles” for 77.7 million yen, announced on the 6th that it will be listed on the NASDAQ market.Lost in the first trade. The company went public through a merger with Special Purpose Acquisition Company (SPAC) PonoCapital. Airwinds was valued at more than $600 million (about ¥80 billion). However, concerns about the merger with SPAC are spreading in the market, and it seems that this merger has not dispelled the pessimistic view. Airwinds fell 59% from the closing price of Pono shares on Thursday. The trading halt was called twice.