January, 2023

• 12 January

  Rising costs, stiff competition cloud outlook for Sainsbury

  

    Bloomberg Higher food and payroll costs are weighing on J Sainsbury Plc, squeezing the British grocer as it tries to hold down prices for cash-strapped shoppers. The supermarket chain’s shares fell as much as 3% in London even after it reported strong Christmas sales and said profit will be at the higher end of a previously guided range. That’s ...

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• 12 January

  Flights delayed across US after FAA system outage

  

    Bloomberg The failure of a key pilot notification system operated by the Federal Aviation Administration (FAA) disrupted air travel in the US early on Wednesday morning, with United Airlines Holdings Inc. temporarily grounding flights to all destinations. Scores of passengers due to fly domestically reported delays on social media, and there was no estimate available for the restoration of ...

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• 11 January

  Garuda Indonesia leads list of world’s most on-time airlines

  

  Bloomberg As Covid-19 pandemic restrictions are eased and airlines rebuild flight capacity, the performance of the world’s carriers is again falling under the scrutiny of analysts and passengers alike. So which airlines are whizzing people around the world on time? And which are the laggards of the skies? The most punctual global airline of 2022 was Garuda Indonesia, according to ...

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• 11 January

  Boeing’s flurry of deliveries spurs best month in four years

  

    Bloomberg Boeing Co closed 2022 with its best month of deliveries in four years, buoying the planemaker’s cash and signalling that its recovery is gaining momentum. The company said that it handed over 69 jets in December — including 54 from its cash-cow 737 family — and recorded 250 gross orders. The performance gave Boeing 387 deliveries of the ...

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• 11 January

  UK police investigate uranium package seized at Heathrow

    Bloomberg British anti-terror police are investigating after a package contaminated with traces of uranium was detected during routine checks at London’s Heathrow airport. A “very small amount” of contaminated material was identified during the scan of a package that arrived at the hub on December 29. Border Force officers then contacted the Counter Terrorism Command of the Metropolitan Police, ...

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• 11 January

  Retail store associates have worst job in US

    Bloomberg Retail store associates have the worst job in the US right now as the industry faces a series of post-pandemic headwinds, a US News & World Report analysis found. The magazine ranked 190 jobs across 17 categories on criteria including growth potential, work-life balance and pay. Retail salespeople ranked lowest, with a median salary of just $29,120 in ...

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• 11 January

  UK ambulance workers strike again, piling pressure on NHS

  

  Bloomberg The UK health system faces a moment of peril Wednesday as ambulance workers hold a second strike and officials urge the public not to call emergency services unless it’s a matter of life-or-death. Members of two unions, Unison and the GMB, are walking out as part of an ongoing dispute over real-terms pay cuts suffered by staff in the ...

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• 11 January

  Japanese feel the worst off since 2010 as inflation bites

    Bloomberg More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence. Some 53% of households said their economic livelihood has worsened compared with a year ago, the highest percentage in almost 13 years, according to the ...

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• 11 January

  Billionaire Arnault taps daughter to run Dior amid shuffle

    Bloomberg Bernard Arnault named his daughter Delphine to run LVMH’s second-biggest brand, Dior, the latest step by the 73-year-old billionaire to elevate his children to key posts in his luxury empire. The appointment comes a month after Antoine Arnault, the eldest son, was given a wider role in the business, replacing Sidney Toledano as chief executive officer and vice ...

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• 11 January

  Cost-of-living, debt crises top immediate risk for Davos elite

  

    Bloomberg The threat of recession, the cost-of-living crisis and mounting debt distress will dominate the global economy in the next two years as it struggles to move on from the pandemic and war in Ukraine, according to a survey by the World Economic Forum. Its Global Risks Report, an annual poll of 1,200 government, business and civil society professionals ...

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