November, 2022

• 24 November

  Xiaomi’s revenue declines 10% after smartphone demand tanks

  

    Bloomberg Xiaomi Corp.’s quarterly revenue falls almost 10% as it battled a slumping global smartphone market and weak consumer demand at home. Sales of mobile devices fall 11%, leading declines across business divisions encompassing smart electronics and internet services. The Beijing-based company logged sales of 70.5 billion yuan ($9.9 billion), slightly above estimates. But it posted a surprise net ...

  Read More »
• 24 November

  Amazon poised to benefit this season as inflation fears ease

  

    Bloomberg Amazon.com Inc. spooked investors last month when it predicted the slowest holiday season growth in its history. Now there are signs—albeit tentative—that the world’s largest e-commerce company could have a somewhat merrier Christmas than anticipated. Inflation has eased in recent weeks and, according to survey results released Sunday by Jefferies Financial Group, US consumers see prices moderating in ...

  Read More »
• 24 November

  FAA wants pilots to be less dependent on computers

    Bloomberg Airlines need to adopt more robust pilot training to prevent accidents when pilots must manually take over during emergencies or are confused by automated flight systems, US regulators said. The Federal Aviation Administration (FAA) published what is known as an advisory circular on its website with extensive new training guidelines for carriers and other commercial aviation operators in ...

  Read More »
• 24 November

  Gucci creative director exits fashion label

    Bloomberg Alessandro Michele, the creative director who turned Gucci into a hit brand with younger generations, is leaving the Italian label. Kering SA, which owns the brand, announced Michele is stepping down in a statement. Gucci’s design office will oversee the label’s direction until a new creative organisation is announced, the company said. Michele, 49, helped turn the Florence, ...

  Read More »
• 24 November

  Anwar faces many pitfalls after finally becoming Malaysia’s PM

  

  Bloomberg Anwar Ibrahim, the almost man of Malaysian politics, finally clinched the country’s premiership after decades of waiting. Now, the reformist leader must make sure that he keeps the job. That won’t be easy in a nation that’s now had four prime ministers in four years. Former finance chief Anwar is likely to control an unstable majority and his administration ...

  Read More »
• 24 November

  Poland wants German Patriot missiles to be deployed in Ukraine

    Bloomberg The government in Warsaw asked Germany to send Patriot missiles to western Ukraine instead of Poland after another series of Russian attacks forced emergency blackouts amid below-zero temperatures. Germany made the offer to station surface-to-air Patriots in Poland less than a week after a missile strike killed two people in a village close to the border with Ukraine, ...

  Read More »
• 24 November

  Angry over Russia’s war, Estonia set to destroy Soviet monuments

    Bloomberg The Estonian government plans to remove and demolish 244 Soviet monuments, which many people find offensive because they represent the Baltic nation’s decades-long occupation. A government committee formed in June, reviewed and decided the fate of 322 monuments, the majority of these being World War II memorials that will be destroyed and graves that will be re-interred at ...

  Read More »
• 24 November

  Kremlin faces rising ire from wives, mothers of mobilised troops

  

  Bloomberg Desperate to rescue their sons and husbands from the front lines in Ukraine, Russian women are putting pressure on the Kremlin in the latest sign of the spreading discontent caused by the war. The scattered efforts by wives and mothers took off after Vladimir Putin ordered 300,000 reservists called up on Sept. 21, forcing the authorities to pay attention. ...

  Read More »
• 24 November

  Pakistan names new army chief as strife with Imran Khan deepens

  

  Bloomberg Prime Minister Shehbaz Sharif named General Asim Munir as Pakistan’s next army chief, a choice that could harden former premier Imran Khan’s opposition to the government and stoke his high-stakes clash with the military. Khan, who as prime minister had removed Munir from the role of intelligence chief, would see the appointment as a possible obstacle to his attempt ...

  Read More »
• 24 November

  Estonia searches for bomb shelters amid growing fears of attack

    Bloomberg Estonia’s government is racing to identify facilities as bomb shelters amid growing fear of a possible attack from Russia. Authorities are sifting through public buildings, schools and shopping centers in search of spaces that could provide protection. Since June, dozens of colorful signs — blue triangles on an orange background — have popped up to mark public shelters. ...

  Read More »