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US politics returns to work this week with President Joe Biden returning from a vacation in the US Virgin Islands on Tuesday, while Congress is scheduled to convene for a largely ceremonial session on Wednesday.
Former president and likely 2024 presidential candidate Donald Trump faces a difficult time in Iowa this week. On Wednesday, the Federal Open Market Committee will release the minutes of its December 12, 2023 meeting.
Severe weather will also make headlines as Japan deals with the aftermath of an earthquake and tsunami that killed at least four people. The US National Weather Service has issued a warning for the east coast due to the increased possibility of storms, and Australia is bracing for more storms across much of the east coast.
In the UK, Eurostar services have been restored after tunnels in Kent were flooded last weekend, but subway passengers are facing industrial action from Friday by engineering and maintenance workers from the RMT union. NHS junior doctors’ strike will resume on Wednesday.
Among companies, electric car maker Tesla is set to report record production numbers in 2023 on Tuesday. Rival Rivian also plans to announce quarterly vehicle deliveries.
The U.S. Securities and Exchange Commission is expected to give regulatory approval on Tuesday or Wednesday to launch an exchange-traded fund that tracks Bitcoin’s spot price. BlackRock Asset Management, Fidelity, Invesco, WisdomTree Investments and others are considering introducing ETFs.
Other events scheduled this week:
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Iranian President Ebrahim Raisi visits Ankara.
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The Central Bank of Israel will lower short-term interest rates for the first time in about four years.
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Argentina’s new government plans to abolish 160 regulations that it says hinder economic activity.
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Parliamentary elections will be held in Bangladesh.
Read a preview of Jonathan Moules’ The Year Ahead here.
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