Oil and gas revenues nearly halved, dropping 46% in January from the same month last year, according to data from the Russian Ministry of Finance published Monday. Government spending, driven by military purchases, jumped by 59% from last January.
Ukraine Warns Russia Is Planning Major Offensive
DNIPRO, Ukraine-Ukraine warned that Russia was completing preparations for a major new offensive this month as Kyiv signaled a reshuffle in its military leadership amid a corruption scandal that has rocked the Defense Ministry.
Serhiy Haidai, the governor of the Luhansk region in eastern Ukraine, said Russia was continuing to bolster its offensive capacity and bring in troops to front-line positions while decreasing its rate of fire in certain areas to save ammunition for the coming advance.
CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street Health
CVS Health Corp. is close to an agreement to acquire Oak Street Health Inc. for about $10.5 billion including debt, a deal that would rapidly expand the big healthcare company's footprint of primary-care doctors with a large network of senior-focused clinics, according to people with knowledge of the matter.
The companies are discussing a price of about $39 a share, the people said. The deal, if it goes through, could be announced as soon as this week, they said. CVS is scheduled to report earnings on Wednesday.
Google Opens ChatGPT Rival Bard for Testing, as AI War Heats Up
Google is rolling out a new conversational artificial-intelligence service to a select set of testers, and plans a broader public launch in coming weeks, part of the company's effort to play catch-up with challengers such as OpenAI, creator of the popular chatbot ChatGPT.
The new experimental service, called Bard, generates textual responses to questions posed by users, based on information drawn from the web, Sundar Pichai, chief executive of Google parent Alphabet Inc., said in a blog post published Monday.
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Expected Major Events for Tuesday
00:01/UK: Jan BRC-KPMG Retail Sales Monitor
06:45/SWI: Jan Unemployment
07:00/NOR: Dec Industrial Production Index
07:00/UK: Jan Halifax House Price Index
07:00/GER: Dec Industrial Production Index
07:00/FIN: Dec Foreign trade
07:30/HUN: Dec Preliminary Industrial Production
07:45/FRA: Dec Foreign trade
07:45/FRA: Dec Balance of payments
08:00/SWI: Jan SNB foreign currency reserves
08:00/AUT: Jan Wholesale Price Index
08:00/AUT: Nov Foreign Trade
08:00/CZE: Dec Retail trade
08:00/SPN: Dec Industrial Production
09:00/ICE: Jan External trade, preliminary figures
10:00/GRE: Dec External Trade (provisional data)
11:00/FRA: Dec OECD CPI
11:00/IRL: Dec Industrial Production and Turnover
All times in GMT. Powered by Onclusive and Dow Jones.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
02-07-23 0016ET
