Recent Posts

Garuda Indonesia restructuring faces delays

  Bloomberg Struggling airline PT Garuda Indonesia is facing a delay to its restructuring after creditors cited Covid-19 flare ups in seeking an extension to debt proceedings in the Southeast Asian country. Creditors of the flag carrier, which has seen business suffer due to the pandemic, have requested extensions ranging from 45 to 60 days, according to Jandri Siadari, a ...

Read More »

Retailers ask US regulators to examine Visa, Mastercard fees

  Bloomberg A coalition of trade associations representing some of the world’s largest retailers called on US antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc threatened to ban Visa Inc cards in the UK. The group said it was concerned about the “excessively high” fees Visa and rival Mastercard Inc. charge retailers. Amazon this week ...

Read More »

Fruit, veggie outages in Canada get worse with trucker shortages

  Bloomberg Canadian border agents began refusing entry to unvaccinated American truckers just days ago, and it’s already causing chaos— particularly in fruit and vegetable markets. A mandate starting January 15 requires truck drivers crossing into Canada to be vaccinated. However, only about half of American truck drivers have gotten their shots. Meanwhile, as much as 90% of Canada’s fruits ...

Read More »
Send this to a friend