December, 2022

• 28 December

  Airlines face huge shortage of planes as travel roars back

  

    Bloomberg As travel springs back and even China dismantles the last remaining Covid curbs, one stark truth is beginning to emerge — the world is running desperately short of planes. With carriers from United Airlines Holdings Inc to Air India Ltd placing, or looking to place, jet orders that number in the hundreds, Boeing Co and Airbus SE are ...

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• 28 December

  KFC’s South Africa unit to shut some outlets due to Eskom’s power cuts

  

    Bloomberg KFC is temporarily closing some of its fried-chicken outlets in South Africa due to power cuts imposed by state electricity provider Eskom Holdings SOC Ltd. The Yum! Brands Inc chain made the decision after the number of blackout days passed 200 this year, a record. Eskom supplies more than 90% of South Africa’s electricity and has implemented nationwide ...

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• 28 December

  UK Boxing Day shopping spree offers retailers temporary relief

  

    Bloomberg The rush to take advantage of post-Christmas sales lifted shopper numbers on Boxing Day, but with the cost-of-living crisis pushing UK consumers to cut back on spending any boost for retailers may prove short-lived. Retail tracker Springboard said Boxing Day shopper numbers rose 39% on 2021, when there were still some pandemic restrictions in place and limited trading ...

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• 28 December

  Southwest memos show growing alarm before storm hit

  

    Bloomberg As a winter storm bore down on a broad swath of the US, a staffing crisis was brewing for Southwest Airlines Co in Denver. Chris Johnson, the carrier’s vice president of ground operations, declared a “state of operational emergency” at the airport after “an unusually high number” of employee absences, according to a message to ramp workers seen ...

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• 28 December

  US considers Covid prevention plans for travellers from China

    Bloomberg The US is considering taking new coronavirus precautions for people travelling from China, which has seen a rapid rise in infections as officials lift Covid Zero restrictions. US officials said the government is concerned about the surge of cases in China, and has raised questions about the transparency of data the country is reporting about the spread of ...

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• 28 December

  Fuel-glitch delays flights at S Africa airport

    Bloomberg A glitch in OR Tambo International Airport’s fuel-supply system resulted in major flight delays at South Africa’s busiest airport. The airport in Johannesburg has been “experiencing challenges with fuel supply from its fuel storage facility to the main hydrant system,” Airports Company South Africa said in a post on Twitter. “Technicians are onsite and have resolved the issue.” ...

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• 28 December

  Hong Kong ends last Covid curbs to revive finance hub

  

    Bloomberg Hong Kong will end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travellers, in a sweeping overhaul of policies aimed at reviving its reputation as a global financial centre. There will be no cap on the number of people who can gather in public, and the vaccine pass for entry ...

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• 28 December

  AstraZeneca cancer drug gets first Japan approval

  

    Bloomberg AstraZeneca Plc’s new drug Imjudo won approval in Japan for two different cancer types when added to the blockbuster medicine Imfinzi, widening the immune therapy’s reach. The treatment, a monoclonal antibody, is now authorised for forms of lung and liver cancer in Japan for patients who are also receiving Imfinzi, Astra said. The approval, coming after clearance in ...

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• 28 December

  Philippines PLDT in talks with four major vendors

  Bloomberg PLDT Inc said it is in discussions with four major vendors for equipment and assets covered by its 48-billion peso ($859 million) overspending that stretched over four years from 2019. While the Philippines’ biggest phone company didn’t specify the nature of its discussions with the firms, namely Cisco Systems Inc, Huawei Technologies Co Ltd, Ericsson and Fiberhome Telecom in ...

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• 28 December

  Singapore technology stock rout intensifies with $110b wipeout

  

    Bloomberg Investors betting on Singapore’s two largest internet companies are staring down hefty losses as rising interest rates and recession risks extended a tech rout that wiped out $110 billion from their market capitalisation. E-commerce platform operator Sea Ltd plunged 78% this year while ride-hailing firm Grab Holdings Ltd has more than halved. The two companies, both listed in ...

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