December, 2022

• 7 December

  Lululemon’s biggest bull sees 42% gain

  

    Bloomberg Wall Street analysts are boosting price targets for Lululemon Athletica Inc before the company reports earnings on Thursday, predicting that brand loyalty for the maker of pricey yoga and exercise apparel will help the stock build on a two-month rally that’s erased most of its 2022 losses. At Cowen, John Kernan lifted his call on Lululemon to $542 ...

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• 7 December

  China’s air cargo carrier links with Freightos as bookings jump online

  

    Bloomberg China’s top air-cargo carrier is joining an online booking platform that’s revolutionising a $200 billion global market the way websites like Travelocity and Expedia digitised flight transactions for passengers more than two decades ago. Freightos Group announced that the air-logistics arm of China Southern Airlines Co will offer real-time rates, capacity and bookings on WebCargo, a Barcelona-based unit ...

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• 7 December

  Paris reopens airport terminal before 2024 Olympics

  

    Bloomberg Paris reopened its most iconic airport terminal as France prepares to welcome millions of visitors for the 2024 summer Olympics while the travel industry struggles to recover from the fallout of the pandemic. Aeroports de Paris, which operates Charles de Gaulle airport, spent €250 million ($263 million) on works that lasted more than two years and created an ...

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• 7 December

  Russian tourists returning to Thailand on chartered flights

    Bloomberg Russian tourists are once again traveling in large numbers to Thailand via chartered flights and using credit cards issued outside the country to get around payment difficulties, turbo-charging a gradual tourism recovery in the Southeast Asian nation. More than 44,000 Russians visited Thailand in October, compared with less than 10,000 each in the months following the start of ...

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• 7 December

  Sainsbury’s invests $61m to cut food prices

    Bloomberg J Sainsbury Plc is investing an extra £50 million ($61 million) to keep prices down as the cost-of-living crisis grows in the UK. As part of the latest push, more than £15 million is targeted to make shoppers’ Christmas spend more affordable, for example with ingredients for a roast dinner at less than £4 a person. Shoppers are ...

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• 7 December

  Winter blast puts pressure on UK, Nordic energy systems

  

    Bloomberg Northern Europe faces freezing temperatures for the next two weeks, with an expected jump in heating demand adding pressure to the region’s stretched energy systems. Nordic countries will feel the brunt of the cold snap, with a low of -9.5C (14.9F) in Oslo expected next Tuesday, forecaster Maxar Technologies Inc. said in a report. Arctic air will also ...

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• 7 December

  NRG to acquire Vivint in bet on smart home tech

    Bloomberg NRG Energy Inc agreed to buy Vivint Smart Home Inc for $2.8 billion to accelerate the US power producer’s strategy of diversifying from its core electricity-generation business by focusing on retail consumers. Vivint, based in Provo, Utah, sells smart thermostats, locks, lights and other household devices. NRG said on Tuesday it will pay $12 a share in cash ...

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• 7 December

  Drone hits third Russian airfield after Moscow accuses Ukraine

  

  Bloomberg A third Russian airfield came under drone attack on Tuesday after Moscow accused Ukraine of carrying out strikes against two bases used by its long-range bombers, the deepest retaliation on its territory since President Vladimir Putin ordered the invasion. An oil storage tank caught fire after the drone strike at a Kursk region airfield, state-run Tass news service reported, ...

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• 7 December

  Bosnia may get EU candidacy status at summit next week

  

    Bloomberg European Union (EU) leaders may grant Bosnia-Herzegovina official candidacy status as early as December 15’s summit in Brussels, according to people familiar with the plan. The move, the next step on the long path towards membership which would require approval of all 27 EU member states, would be a major boost for Bosnia. It’s still grappling with the ...

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• 7 December

  EU delays Hungary funding decision to focus on Ukraine aid

  

  Bloomberg The European Union’s standoff with Hungary deepened as a dispute over the fate of $14 billion of funding for Budapest scuppered attempts to push through crucial aid for Ukraine and a global minimum corporate tax. Hungarian Finance Minister Mihaly Varga said at a meeting with EU counterparts in Brussels that his country would veto the €18 billion ($18.9 billion) ...

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