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January 4, 2022 Opinion
Could London soon be known more for what arrives on its stock market than what gets taken off it? Private-equity firms feasted wantonly on UK stocks in 2021. Bid activity has softened lately and a tougher national-security regime from January threatens to slow takeovers further, with the result that fewer firms leave the London market. At the same time, there ...
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January 4, 2022 Opinion
Governments, consumer internet behemoths, large banks and fintech firms will compete fiercely in 2022 to bring our cashless future a little closer — with Asia at the epicenter of innovation. In China, where authorities are increasingly uneasy with the domestic private sector’s control on citizens’ data, the state will seek to reassert its might: The Beijing Winter Olympics will ...
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January 4, 2022 Opinion
Wall Street seers expect the benchmark S&P 500 Index to generate earnings per share that are up 46% this year from 2020’s depressed level, with growth decelerating to 8% in 2022, according to data compiled by Bloomberg. Even that lower number for the coming year may be too rosy. Covid-19 isn’t going away, as shown by the fast-spreading omicron ...
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January 4, 2022 Aviation
Bloomberg Airlines warned of increased flight delays after AT&T Inc. and Verizon Communications Inc. brushed aside a U.S. government request to postpone new 5G service that aviation interests say risks safety because it may interfere with aircraft electronics. The two wireless companies said the request from Transportation Secretary Pete Buttigieg and Steve Dickson, administrator of the Federal Aviation Administration, ...
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January 4, 2022 Retail
Bloomberg Future Retail Ltd. has sought to halt and terminate Amazon.com Inc.’s case at a Singapore arbitration tribunal, a move that could allow the cash-strapped Indian retailer to sell some of its assets to Reliance Industries Ltd.. Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore ...
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January 4, 2022 Retail
Bloomberg For a sense of how far cultivated meat is from reaching supermarket shelves and dinner tables, just take a look at the cost. Singapore-based Shiok Meats Pte plans to launch its flagship cell-based shrimp in 18 months at about S$50 ($37) a kilogram, Chief Executive Officer Sandhya Sriram said in an interview. That’s roughly double the price of ...
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January 4, 2022 Aviation
Bloomberg Airlines greeted the New Year with more than 6,600 weekend cancellations in the US, closing out a bumpy holiday season as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US reached 2,679 Sunday along with 9,002 delays, ...
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January 4, 2022 Aviation
Bloomberg Airbus SE surpassed its 2021 delivery goal of 600 jets, according to people familiar with the matter, retaining the title of world’s largest planemaker for a third year running. The European manufacturer delivered about 610 aircraft in 2021, said the people, who asked not to be identified before the figures were announced. The final tally could vary by ...
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January 4, 2022 Retail
Bloomberg Asia and European factory activity continued its expansion in December, lifted by resilient demand and easing supply-chain bottlenecks as the Omicron strain begins to spread in the region. North Asia’s export hubs led the recovery as they enjoyed better-than-expected industrial production and robust demand for their tech products. The IHS Markit manufacturing purchasing managers’ index for Taiwan rose ...
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January 3, 2022 Politics, Uncategorized
Bloomberg In the days before Christmas, US officials in Boston unveiled insider trading charges against a Russian tech tycoon they had been pursuing for months. They accused Vladislav Klyushin, who’d been extradited from Switzerland on Dec. 18, of illegally making tens of millions of dollars trading on hacked corporate-earnings information. Yet as authorities laid out their securities fraud case, ...
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