Citadel bucked a trend: even including its mammoth return, the top 20 funds made $22.4bn in 2022, the lowest for six years, according to LCH Investments.

 

Russia ordered Estonia’s ambassador, Margus Laidre, to leave the country within a fortnight.

 

For unknown numbers of Chinese it is a more sombre new year.

 

Following Russia’s invasion of Ukraine, consumer confidence—measured through surveys on households’ financial situation and their overall economic outlook—tanked.

 

Yet spending in shops held up fairly well. That was because the labour market remained strong, the post-pandemic spending boom still had legs and governments transferred billions to households to help pay energy bills.

 

The release of new data on consumer sentiment on Monday should reflect that and show that Europeans are bullish.

 

As the West promises more heavy weapons to Ukraine, rumours abound that Vladimir Putin will soon announce a second wave of mobilisation.

 

A Russian town counts the cost of Vladimir Putin’s war

A new wave of mobilisation may be on the way

www.economist.com

 

Russia has not deployed all of the roughly 300,000 men recruited in the first drive, yet a new call-up would still be needed to sustain another large-scale offensive, which Ukraine reckons will begin in the coming weeks.

 

For years India’s economic growth was hindered by a rotten banking sector, plagued by bad loans and shoddy management. Now that constraint is easing. Banks’ credit growth rose to a ten-year high in December.

 

The turnaround is a consequence of several factors.

 

With its famous undulating roof line, the Canopy Terminal at Jeddah airport is often the first view that pilgrims enjoy when they land in Saudi Arabia for the Hajj.

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