December, 2022

• 31 December

  Hong Kong scraps quarantine rules for international air crews

  

    Bloomberg Hong Kong scrapped its closed-loop requirement for international airline crews, ending almost two years of pandemic-related restrictions on flight staff. Transport officials in the Asian financial hub told airline industry representatives of the change, which took effect immediately, people familiar with the matter said, declining to be identified because they’re not authorised to speak publicly. The change means ...

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• 31 December

  Milan reports 50% of travellers on China flights have Covid

  

    Bloomberg Italian health authorities will begin testing all arrivals from China for Covid after almost half of the passengers on two flights to Milan were found to have the virus. They are also sequencing the Milan tests to see if there are new variants, the Health Ministry said in a statement. If a new strain is found, officials may ...

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• 31 December

  Ryanair cancels Belgian flights on crew strike

    Bloomberg Ryanair Holdings Plc is scrubbing some flights to and from Belgium over the New Year’s weekend because of a strike by cabin crew. The airline was forced to cancel “a small number” of its 2,500 flights into and out of the country on Friday, Saturday and Sunday, Europe’s largest discount carrier said. Brussels South Charleroi airport told customers ...

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• 31 December

  Solar price war may help spur China’s renewable energy push

  

    Bloomberg Solar equipment makers are in a fierce competition to cut wafer prices, providing some relief for China’s efforts to install a massive amount of renewable power and reach ambitious climate targets. Falling solar material prices have driven down costs along the supply chain in recent weeks, with silicon wafers seeing the largest discount. Top player Longi Green Energy ...

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• 31 December

  Biden’s offshore wind ambitions hit new snag

  

  Bloomberg Shell New Energies, EDP Renewables and Engie asked regulators for a delay in the planning of a proposed joint-venture offshore wind farm, the latest potential setback to President Joe Biden’s goal of powering millions of homes from Atlantic gusts. The sharp spike in interest rates presents “significant challenges” to Mayflower Wind’s economics, the project’s lawyers said in a filing ...

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• 31 December

  Top US gas producer EQT saw output drops of 30%

    Bloomberg EQT Corp, the largest US natural gas producer, saw production drop by as much as about 30% during the recent bout of extreme cold that caused disruptions for some of its wells in the Appalachian Basin. The drillers’ daily output fell by between 1 billion and 1.5 billion cubic feet per day during the winter storm, Chief Executive ...

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• 31 December

  Exxon sues EU in bid to block windfall tax against oil firms

  

  Bloomberg Exxon Mobil Corp is suing the European Union in a push to eliminate a new windfall tax against oil groups, arguing the bloc does not have legal authority to impose the levy. The lawsuit is a major response to the tax from the oil industry that has reaped record profits this year as western governments have sought to bring ...

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• 31 December

  RWE inks LNG supply deal with Sempra

    Bloomberg Germany’s RWE Supply & Trading GmBH agreed to a 15-year contract with Sempra Infrastructure to purchase liquefied natural gas from a production terminal set to open in Port Arthur, Texas, in 2027, according to both companies. With the deal, RWE said it had secured sufficient LNG volumes to make full use of its booked regasification capacities for an ...

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• 31 December

  Americans’ wallets set for hit from winter home-heating bills

  

  Bloomberg Wholesale power prices surged more than 6,000% in parts of the country during the worst of the recent brutal cold snap — a sign that Americans are likely to face significantly higher winter heating costs once the bills get mailed out. Electricity prices in Houston jumped to almost $3,700 a megawatt-hour on December 23, or a 65-fold increase from ...

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• 30 December

  Hong Kong group warns long road ahead after Covid shift

  

    Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...

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