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Bloomberg Deutsche Lufthansa AG returned to normal flight operations after widespread software problems linked to damaged Deutsche Telekom AG broadband cables grounded hundreds of planes. The situation at Lufthansa’s main base in Frankfurt was normalising, a spokesman said. Lufthansa expected the IT issues that affected systems including check-in operations to be fully resolved. Still, more travel disruption is around the ...
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February, 2023
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17 February
Americanas appoints third CEO in six weeks amid overhaul
Bloomberg Brazilian retailer Americanas SA appointed its third Chief Executive Officer in six weeks as it looks to navigate the firm through bankruptcy and continue operations while negotiating a hefty debt load. The Americanas board named Leonardo Coelho Pereira to the top job at Americanas, according to a filing. He replaces Joao Guerra who will return to his duties ...
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17 February
British carrier Flybe to wind down as rescue talks collapse
Bloomberg Flybe Group Plc the distressed British carrier, is to be wound down after attempts to sell the struggling business failed. The regional airline had already ceased operations and cancelled all of its flights in January after collapsing into administration, a form of insolvency proceedings. It was the second failure for Flybe which previously halted operations in 2020 when ...
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17 February
Anta Sports sinks most in four months
Bloomberg Anta Sports Products Ltd sank by the most in almost four months after the entry of a sizable stake in Hong Kong’s clearing system stoked speculation of a sale by a key shareholder. Shares of the Chinese sportswear maker slumped as much as 8% in Hong Kong, the most since October 24. The move came after exchange data ...
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17 February
Hong Kong population decline slows as financial hub reopens
Bloomberg The pace of decline in Hong Kong’s population abated as the city moved to reopen after years of pandemic isolation. The city’s population fell by a net 12,900 people in the second half of 2022, down from a decrease of 55,400 in the first six months, according to government data. The previously announced population drop of 121,500 in the ...
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17 February
India allows Google, Amazon as online payment aggregators
Bloomberg The Reserve Bank of India published a list of 32 entities, including Alphabet Inc’s Google Pay, Amazon.com Inc’s Amazon Pay and Reliance Payment Solutions Ltd, that are allowed to act as online payment aggregators. The names were released for “disseminating information and ensuring greater transparency,†the central bank said on its website. Other approved entities include Zomato Payments ...
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17 February
China home prices steady in Jan, ending 16-month decline
Bloomberg China’s home prices steadied in January, ending a 16-month decline after the government expanded stimulus policies for the sector. New-home prices in 70 cities, excluding state-subsidised housing, remained unchanged, compared with a 0.25% decline in December, National Bureau of Statistics figures showed. In the secondary market, existing-home prices dropped 0.28%, smaller than the 0.41% decline in the previous ...
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17 February
Japan’s trade deficit smashes record, topping $26.1 billion
Bloomberg Japan’s trade deficit surged to a record in January, as one-off factors including the lunar new year holidays dragged on exports amid a backdrop of a slowing global economy. The trade gap jumped to ¥3.5 trillion ($26.1 billion) from ¥1.45 trillion in December, topping ¥3 trillion for the first time in comparable data going back the late 1970s, ...
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17 February
Samsung invests in Swedish app
Bloomberg Samsung Electronics Co joined the latest funding round for Swedish fertility tracking app Natural Cycles as lead investor, seeking to introduce the female-health technology to its Galaxy series smartwatches. The Natural Cycles app, which monitors body temperature to gauge fertility, in 2018 became the first contraceptive of its kind to be approved by the US Food and Drug ...
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17 February
India’s Modi likely to retain wheat export curbs as polls loom
Bloomberg Keeping the cost of staple foods in check to protect the poor will be a top priority for Indian Prime Minister Narendra Modi as he plans for polls in several states this year and the all-important general election in 2024. That means the government will likely extend export curbs for wheat, which is an essential part of the ...
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