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Delta yet to take decision on worker shots under US order

Bloomberg Delta Air Lines Inc hasn’t decided yet how it will handle a federal mandate for coronavirus vaccinations for workers at certain companies, saying there are “different ways” to make sure 100% of its employees get the shots. Delta’s delay splits from other US airlines such as American Airlines Group Inc, JetBlue Airways Corp and Alaska Air Group Inc that ...

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French Connection accepts $40m offer

Bloomberg French Connection Group Plc accepted a $40 million takeover approach from a group of bidders that includes the struggling UK fashion retailer’s second-largest shareholder. Directors of the retailer unanimously recommended the 30-pence-a-share offer from a consortium, which includes Apinder Singh Ghura, Amarjit Singh Grewal and KJR Brothers Ltd. The group announced the bid on September 23. French Connection kicked ...

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UK holds talks with Taliban government

Bloomberg The UK sent officials to Afghanistan to hold talks with Taliban leaders for the first time since the mass evacuation of Kabul in August. The officials discussed on Tuesday how the UK could help Afghanistan address a humanitarian crisis, the importance of preventing the country from becoming an incubator for terrorism, and the need for continued safe passage for ...

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France threatens UK power supply as Brexit tensions escalate

Bloomberg France’s European affairs minister, Clement Beaune, said the European Union (EU) could look to leverage its electricity supplies to the UK in an effort to force Boris Johnson’s government to grant access to British fishing waters. Beaune said that the EU will take action in the next few days to increase the pressure on the UK, which is a ...

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China to shelve anti-sanctions law in Hong Kong

Bloomberg China will not impose an anti-sanctions law on Hong Kong for now, local news organisation HK01 reported, a seemingly unusual backtrack from Beijing on a move that had alarmed businesses in the Asian financial hub. The decision to shelve the controversial law in the near term came after executives from Hong Kong and mainland Chinese financial institutions raised their ...

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Romanian PM ousted in confidence vote after less than year

Bloomberg Romanian Prime Minister Florin Citu and his government were toppled in a no-confidence vote, intensifying political tensions that have already sent the national currency to a record low. Rivals and former allies joined forces on Tuesday in parliament to sink Citu, a 49-year-old former investment banker who’s been in power for less than a year but fell out with ...

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Banks start dropping clients to dodge costs tied to ESG risk

Bloomberg European banks are beginning to drop clients that pose a climate risk rather than face possibility of higher capital requirements, according to the watchdog overseeing the development. Banks are raising prices, denying loan requests, “de-selecting industries and in some cases clients,” said Jacob Gyntelberg, director of the economic and risk analysis department at European Banking Authority (EBA). There’s already ...

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Colombia increases interest rate for first time in five years

Bloomberg Colombia raised interest rates for the first time in five years, following in the footsteps of all the other major inflation-targeting economies in Latin America struggling to curb a surge in prices. The seven-member board voted to lift the benchmark rate by a quarter percentage point to 2% in a split decision, central bank Governor Leonardo Villar told reporters ...

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RBNZ to raise rates as Delta outbreak shackles economy

Bloomberg New Zealand’s central bank (RBNZ) is expected to embark on a series of interest-rate increases to tame inflation and rein in soaring house prices, even as a coronavirus outbreak that has now spread beyond Auckland poses a greater risk to economic growth. Reserve Bank policy makers will raise the official cash rate by a quarter percentage point to 0.5% ...

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