• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2023-02-21/eurozone-economy-business-activity-picks-up-again-in-february?utm_source=aposto" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Eurozone</a> business activity rose at the fastest rate in nine months in February, driven by services and manufacturing output as the composite PMI rose to 52.3, beating economists' estimations. The <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2023-02-21/germany-france-economies-see-renewed-boost-from-private-sector?utm_source=aposto" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">flash PMI</a> for Germany rose to 51.1 while France's private sector activity had a reading of 51.6.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Driving factors: The data are the latest to underscore the region's resilience to the energy shock caused by Russia's invasion of Ukraine. Business confidence has improved as shortages of natural gas become increasingly unlikely, and inflation has moderated. The data will likely strengthen the European Central Bank's resolve to continue raising borrowing costs.</li></ul>

Good morning. Today is Wednesday, February 22nd.&nbsp;Russian President Vladimir Putin said the country is suspending its participation in the New START treaty, the last remaining nuclear arms control pact with the US, adding that Russia could resume nuclear weapons tests if the US does so. At the height of the tensions between the two countries over Russia’s invasion of Ukraine, US President Joe Biden said Moscow would never defeat its neighbor.– Özlem, with Tanem and Atilla

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Putin steps up nuclear threats as prospects of victory in Ukraine fade away, international bodies warn Israel against judicial reform, Microsoft fights to close Activision Blizzard deal.

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