December, 2022

• 17 December

  Boeing closes in on Max order from Tata group’s Air India

  

    Bloomberg Boeing Co is closing in on an order for as many as 200 of its 737 Max jets from Air India Ltd’s new owner Tata Group as the two sides race to wrap up talks before the year-end holidays, according to people familiar with the matter. The final deal is expected to include 40 to 50 Max aircraft ...

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• 17 December

  Baggage handlers call off planned strike at London Heathrow

  

    Bloomberg Baggage handlers at London Heathrow airport called off a strike after their union received an improved pay offer from Menzies Aviation. The U-turn means a three-day walkout won’t take place, as the Unite union ballots members on the new offer. Financial details were not disclosed. Unite had said that more than 400 workers at Heathrow Terminals 2, 3 ...

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• 17 December

  Germany to receive F-35s in 2026 to rejuvenate Air Force

  

    Bloomberg Germany is set to receive the first batch of its F-35 fighter jets in 2026, though the initial eight units will remain stationed in the US for training purposes, creating a tight schedule to build up more advanced air-defense capabilities before the aging Tornado models are retired in 2030. The procurement schedule foresees a handover in tranches, with ...

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• 17 December

  UK retail sales fall in November as inflation crisis deepens

  

    Bloomberg UK retail sales unexpectedly fell in November as Black Friday failed to deliver its usual boost, deepening the cost of the living crisis engulfing the sector. The volume of goods sold in shops and online fell 0.4%, the Office for National Statistics (ONS) said. Sales excluding auto fuel fell 0.3%. Economists expected a 0.3% gain on both measures. ...

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• 17 December

  Walmart’s S Africa unit staff drop union for wage offer

    Bloomberg Massmart Holdings Ltd expects more workers at its Makro stores to leave the South African Commercial‚ Catering and Allied Workers’ Union in order to accept the Walmart-owned company’s wage offer. About 800, or 17%, of the Makro Saccawu members have resigned from the union and the firms sees more joining them after receiving “a flurry of calls from ...

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• 17 December

  Amazon signs deal with Games Workshop

    Bloomberg Games Workshop Group Plc will work with Amazon.com Inc to develop film and television productions, with initial work focusing on the Warhammer 40,000 universe. Warhammer 40,000, or 40k as it’s known by fans, is a sci-fi universe set in humanity’s ‘grimdark’ future. It focuses on themes of conflict, galaxy-spanning empire, and fanatic religiosity. The Games Workshop franchise already ...

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• 17 December

  Germany eyes arrival of first LNG vessel to ease gas crunch

  

  Bloomberg Germany’s first liquefied natural gas terminal is about to arrive on the country’s north coast, the first of several specialist tankers Berlin is counting on to ease its energy crisis. The Hoegh Esperanza, a floating storage and regasification unit, or FSRU, is scheduled to land at Wilhelmshaven on Saturday, according to the German Economy Ministry. The vessel, which converts ...

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• 17 December

  Octopus Energy inks deal with Shell to buy power from giant wind farm

  

  Bloomberg Octopus Energy Ltd. signed a power-purchase agreement with Shell Energy Europe Ltd. to buy electricity from what will be the world’s largest offshore wind farm once built. Shell, which has offtake agreements for 20% of the energy produced by the Dogger Bank project off northeast England, will supply Octopus with as much as 2.4 terawatt-hours a year, starting in ...

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• 17 December

  UK’s National Grid to test reserve coal-fed power unit

  

  Bloomberg The UK’s National Grid Plc will run a test of one of the country’s coal-fired power generators that’s being kept in reserve to boost supplies this winter. A Drax Group Plc unit will start up and generate as much as 300 megawatts as the grid operator checks that contingency tools are ready and working if needed. Temperatures plummeted to ...

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• 17 December

  Top gas exporter Australia caps prices despite industry protest

  

    Bloomberg Australia passed a law to cap domestic prices of natural gas to limit the impact of soaring global costs on local power bills, ignoring protests from the nation’s powerful energy exporters. At a special sitting, Australia’s parliament passed legislation to cap wholesale gas prices for 12 months. The government also agreed with state and territory leaders to impose ...

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