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August 31, 2022 Aviation
Bloomberg Jet Airways India Ltd. is in advanced talks to order about 50 Airbus SE A220 aircraft, according to people familiar with the matter, marking what could be a fresh beginning for the bankrupt carrier that’s attempting to make a comeback. Deliveries of the new aircraft will start in 2025, the people said, asking not to be identified because ...
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August 31, 2022 Retail
Bloomberg Bed Bath & Beyond Inc shares plunged in premarket trading on Wednesday after the home-goods retailer announced in a filing that it may offer, issue and sell shares of its common stock from time to time. Shares in the retail-trader favourite sink as much as 21% as of 6:42 am New York time, erasing an earlier gain of as ...
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August 31, 2022 Aviation
Bloomberg Ryanair Holdings Plc sees soaring inflation, Brexit-related challenges and a potential recession threatening the aviation industry’s recovery as a summer boom draws to a close. While Europe’s biggest discount carrier is maintaining plans to boost winter capacity and continues to see strong growth, the resurgence is fragile and prone to external shocks that also include an escalation in ...
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August 31, 2022 Aviation
Bloomberg An investor group including Air France-KLM and Delta Air Lines Inc. looks primed to buy Italy’s fledgling state-controlled carrier, after being selected over a rival bid from a team that included Deutsche Lufthansa AG. The Rome-based Finance Ministry, which is running the process to find a new owner for ITA Airways, said on Wednesday that it will start exclusive ...
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August 31, 2022 Retail
Bloomberg Hong Kong’s retail sales rose more than expected in July, reversing two months of declines as the city attempts to mount a recovery from Covid-19 curbs and other headwinds. Retail sales value rose 4.1% in July from a year ago, the Census and Statistics Department said on Wednesday. That compared to a median estimate of a 1.4% rise ...
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August 31, 2022 Politics, Uncategorized
Bloomberg Taiwan warned it faces “severe military challenges†from surging Chinese military activity edging closer to the island, as Beijing tries to change the status quo in the Taiwan Strait. Taipei expects the People’s Liberation Army to continue sending warships and jets across the median line that divides the waterway, the island’s Ministry of National Defense said in an annual ...
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August 31, 2022 Politics
Bloomberg A court in Pakistan told former Prime Minister Imran Khan to explain in writing his angry comments against a female judge who had denied bail to Khan’s close aid, as it continues to mull initiating contempt proceedings against him. A five-judge panel headed by Chief Justice Athar Minallah directed the former leader to submit a response within a ...
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August 31, 2022 International News, Uncategorized
Bloomberg German inflation accelerated to the most since the euro was introduced on soaring energy prices, bolstering calls for a jumbo interest-rate increase when the European Central Bank meets next week. Consumer prices in Europe’s biggest economy, calculated under European Union harmonised standards, jumped 8.8% from a year ago in August, matching the median estimate in a Bloomberg survey of ...
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August 31, 2022 International News
Bloomberg US job openings rise unexpectedly in July after a sizable upward revision to the previous month, underscoring persistent tightness in the labour market as employers compete for a limited supply of workers. The number of available positions edged up to 11.2 million in the month — topping all estimates — from a revised 11 million in June, the ...
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August 31, 2022 International News, Real Estate
Bloomberg Swedish housing prices will continue falling until the middle of next year as the share of household income that goes towards mortgage interest payments is set to double, economists at the Nordic region’s largest bank said in a new forecast. Nordea Bank Abp now expects prices to drop 15% from a peak earlier this year, which is larger ...
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