Man City score 4 second-half goals in comeback against Tottenham Hotspur

English Premier League title contenders Manchester City played a brilliant second half as they mounted a comeback against Tottenham Hotspur and beat them 4-2 Thursday.

Home team Man City scored four goals in the second half of the match to shock Spurs.

Tottenham’s Swedish forward Dejan Kulusevski scored the opening goal in the 44th minute after a mistake by Man City’s Rodri in the penalty area.

Emerson Royal, another Tottenham player, scored a header in the 47th minute as Spurs led the first half 2-0.

But Man City turned the tables in the second 45 minutes in front of their fans at Etihad Stadium.

The Manchester club’s Argentine forward Julian Alvarez put the ball into Tottenham’s net in the 51st minute to narrow the gap. Two minutes later, Norwegian star Erling Haaland scored a close-range header to equalize the clash.

Man City, who seemed encouraged after Alvarez and Haaland’s goals, came back in the 63rd minute.

Algerian winger Riyad Mahrez fired with his right foot from a narrow angle to beat Spurs goalkeeper Hugo Lloris, making it 3-2.

Mahrez was again on the scoresheet.

In the 90th minute, he chipped the ball over Lloris after Tottenham defender Clement Lenglet couldn’t control the ball that came from Man City goalkeeper Ederson.

Man City won the match 4-2 and Mahrez, who scored double, was named man of the match.

Second-place Man City have 42 points in 19 Premier League matches and are now five points behind leaders Arsenal.

Arsenal are having a dream season, collecting 47 points to top the Premier League. The Gunners will play against Manchester United in London on Sunday.

Manchester United have bagged 39 points to come third in the league table.

In the next fixture, Manchester City will play against Wolverhampton Wanderers at home.

Source: Anadolu Agency

Germany producer inflation at 13-month low in December 2022

Germany’s producer prices increased at the slowest pace in December 2022 since November 2021, according to official figures released Tuesday.

The annual producer inflation in Germany decreased to 21.6% in December, down from 28.2% in November last year, said the federal statistical bureau Destatis.

This was the third consecutive month of decline in Germany’s producer inflation thanks to slowdown in energy price hike.

Energy prices as a whole climbed 41.9% year-on-year in December, easing from a 65.8% surge in November.

On a monthly basis, the producer prices fell 0.4% in December, following a 3.9% decrease in November.

Source: Anadolu Agency

Oil prices increase with positive economic outlook in China

Oil prices increased on Friday, supported by economic recovery signals from China, the largest oil importer in the world.

International benchmark Brent crude traded at $86.41 per barrel at 9.58 a.m. local time (0658GMT), up 0.29% from the closing price of $86.16 a barrel in the previous trading session.

The American benchmark West Texas Intermediate (WTI) traded at $80.87 per barrel at the same time, a 0.32% rise after the previous session closed at $80.61 a barrel.

Economic activity is expected to recover in China, where the COVID-19 measures were lifted last month and pushed oil demand higher.

Speaking at the World Economic Forum held in Davos on Tuesday, China’s Deputy Prime Minister responsible for the economy, Liu He, said life and production in the country returned to normal levels after COVID-19 measures were lifted and signaled an optimistic outlook for the Chinese economy.

The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) both predicted that global oil demand will reach a record level in 2023, reinforced by economic recovery in China.

Global oil demand is set to rise by 1.9 million barrels per day (bpd) this year to a record 101.7 million bpd, with nearly half of the gain from China, IEA said Wednesday.

Meanwhile, US commercial crude oil inventories rose by around 8,4 million barrels to 448 million barrels, against the market expectation of a decline of around 1.75 million barrels.

A more-than-expected stockpile increase signals a drop in crude demand, capping a swift price increase.

Source: Anadolu Agency

UK retail sales unexpectedly fall in December 2022

Retail sales volumes in the UK unexpectedly shrank by 1% on a monthly basis in December 2022, according to official data released on Friday.

The market forecast was a 0.5% hike for the month, following a downwardly revised 0.5% decrease in November.

Compared to the pre-pandemic level in February 2020, total retail sales were 13.6% higher in value terms, but volumes were 1.7% lower, the Office for National Statistics (ONS) said.

On an annual basis, retail sales volumes fell 5.8% in December.

For all of 2022, retail sales volumes narrowed by 3.0% “as the lifting of restrictions on hospitality led to a return to eating out, and rising prices and the cost of living affected sales volumes,” the ONS said.

Source: Anadolu Agency

China’s retail sales expected to recover with high volatility: Fitch

China’s retail sales are expected to recover after the lifting of coronavirus restrictions but the recovery in consumption is likely to be volatile and more difficult than those in many other major economies, Fitch Ratings said Thursday.

Some of the major reasons behind this are a weak employment and income outlook, declining home prices, rising household leverage, and a lack of direct stimulus, the global rating agency said in a statement.

“The surge in infections in China is reflected in the 1.8% year-on-year contraction in retail sales in December 2022, which led to a 0.2% decline for the full year,” it said.

The agency, however, said it expects strong growth in retail sales of essential goods such as food and beverages, adding apparel and cosmetics products, which saw sluggish demand last year due to mobility restrictions, are likely to see stronger growth as demand returns.

It said a slowdown in the housing sector has undermined Chinese consumers’ wealth, which accounted for around 59% of their urban household assets in 2019, and noted that “rising household indebtedness has also impaired Chinese consumers’ purchasing power.”

Source: Anadolu Agency

Dow Jones, S&P 500 close lower for 3rd straight day

The Dow Jones Industrial Average and S&P 500 closed lower Thursday for the third straight session.

The blue-chip Dow fell 252.40 points, or 0.76%, to finish at 33,044.56. The S&P 500 lost 30 points, or 0.76% to 3,898.85.

The tech-heavy Nasdaq dropped 104.74 points, or 0.96%, to close at 10,852.27.

The VIX volatility index, also known as the fear index, rose 0.9% to 20.52. The 10-year US Treasury yield added 0.6% to 3.397%.

The dollar index fell 0.3% to 102.08, while the euro gained 0.3% to $1.0830 against the greenback.

Precious metals were in positive territory, with gold rising 1.5% to $1,933 per ounce and silver gaining 1.6% to $23.86.

Crude oil prices were up, with global benchmark Brent crude gaining 1.6% to $86.33 per barrel and US benchmark West Texas Intermediate at $80.83 — a 1.3% daily gain.

Source: Anadolu Agency

Washington launches program to allow Americans to sponsor refugees in US

The US launched a pilot program Thursday to allow Americans to sponsor the resettlement of arriving refugees.

The State Department said the program, “the Welcome Corps,” empowers Americans to “play a leading role in welcoming refugees arriving through the U.S. Refugee Admissions Program (USRAP) and supporting their resettlement and integration as they build new lives in the United States.”

Assistant Secretary of State for the Bureau of Population, Refugees, and Migration, Julieta Valls Noyes, told reporters that welcoming refugees reflects the values of the country.

“Our goal in 2023 is to mobilize 10,000 Americans to step forward as private sponsors and help resettle at least 5,000 refugees,” she said.

The program will have two phases, said the agency. The first will be to match private sponsors participating in the Welcome Corps with refugees who will be resettled under the USRAP.

“In the second phase of the program, which will launch in mid-2023, private sponsors will be able to identify refugees to refer to the USRAP for resettlement and support the refugees they have identified. Further details on the second phase of the program will be forthcoming,” it said.

Source: Anadolu Agency

Having banned far-right parties, Greece overlooks terror group PKK’s operations on its soil

Amid media reports that the Greek government seeks to outlaw the Ellines party, led by Ilias Kasidiaris, a former deputy and spokesperson of the neo-Nazi Golden Dawn party that was declared a criminal group and banned in October 2020, one rightfully wonders what Athens thinks about the terror group PKK’s current operations on its soil.

The presence in Greece of the PKK, which has been listed as a terrorist organization by the US, EU, and UK, dates back to the 1980s. Athens saw the PKK, along with other far-left terror groups, including the DHKP-C and ASALA – the latter infamous for its campaign to assassinate Turkish diplomats in 1973-1986 – as a “strategic asset” against Ankara. This was marketed to the Greek public as part of Greece’s policy of supporting so-called “national liberation struggles.”

Against this background, Greece provided numerous PKK terrorists with political asylum, safe houses, and the freedom to operate freely to enlist the political and financial support of the Greek public.

Greece’s support for the PKK terror group reached its zenith in the 1990s in parallel to the deterioration of relations with Türkiye. Many PKK arsonists and terrorists who were arrested at the time confessed that Greek spy services had trained them.

Even though Greece kept rebuffing the accusations as “Turkish propaganda,” Ankara’s arguments proved vindicated in the events surrounding the 1999 capture of the terrorist PKK ringleader Abdullah Ocalan, who stayed for a couple of days in Athens after being expelled by Syria and ended up in the Greek Embassy’s residence in Kenyan capital Nairobi before his capture.

It was later understood that then-Prime Minister Costas Simitis had ordered the Greek secret service to remove Ocalan from Greece and Greek protection out of concern that Türkiye would become aware of his presence and sever ties with Greece, triggering a crisis that could even lead to war.

Consequently, Athens, caught red-handed, significantly reduced its support for the PKK terror group. The improvement of Turkish-Greek relations from the late 1990s to the mid-2010s also played a role in this state of affairs.

In recent years, along with the deteriorating relations between Ankara and Athens as a consequence of Greece’s maximalist demands in the Aegean and Eastern Mediterranean, provocative actions, and rhetoric against Türkiye, Athens brought back its “PKK card.”

In March 2022, a major Greek broadcaster aired footage of a PKK camp in the central city of Lavrion and interviews with some terrorists and sympathizers affiliated with the terror group. Moreover, Turkish authorities last September arrested some PKK terrorists who said they had been trained in the same camp.

Often reminding European countries of its stance against PKK terrorism, it would be a delusion for Türkiye to expect Athens to be as harsh towards PKK terrorism as it is towards extremist movements. PKK is known to be both a threat to democratic regimes and human life.

Source: Anadolu Agency

Historic building catches fire in Peru’s capital amid anti-government protests

An historic building in the center of Peru’s capital Lima caught fire late Thursday a few meters from the iconic Plaza San Martin, where thousands of demonstrators gathered to demand the resignation of President Dina Boluarte and the closure of Congress.

During a large national strike organized by a workers’ confederation, protesters clashed with police in Plaza San Martin when flames began to raze the building.

Some residents in the area said the fire was caused by tear gas bombs thrown by police to break up the protesters.

“They threw tear gas bombs on the roof and the fire started,” said the son of the owner of the building that caught fire, blaming the police for causing the incident.

The building, which is 500 square meters (5,382 square feet), is considered a cultural heritage site.

Firefighters continued trying to control the blaze.

In the southern city of Arequipa, around 1,000 protesters tried to storm the airport but were confronted by police firing tear gas.

Two people were killed and another was injured by gunfire amid protests Wednesday in Lima, bringing the overall death toll to 53 since the protests began.

Peru has been the scene of violent protests since former President Pedro Castillo was ousted and arrested after he attempted to dissolve Congress and rule by decree in an effort to avoid impeachment over allegations of corruption.

Boluarte has said she is not willing to step down.

Source: Anadolu Agency