November, 2022

• 30 November

  Thanksgiving air travel lagged 2019 level

    Bloomberg Air travel in the US has broadly recovered from the depths of the pandemic, but passenger counts from the busy Thanksgiving period show it still has a way to go before returning to 2019’s record levels. Almost 24.6 million people went through Transportation Security Administration (TSA) screening from November 18 through November 28, according to agency data, down ...

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• 30 November

  UK utilities get $26.6b to spend boosting local grids

  

    Bloomberg Energy grid companies in the UK will have £22.2 billion ($26.6 billion) to spend on beefing up local networks as the nation’s green shift requires increasing electrification. While a huge sum, it’s 12% less than the six main network companies had proposed. The budget will cover everything from service and maintenance to upgrades on 14 local grids for ...

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• 30 November

  India’s economic growth slows on higher prices, interest rates

  

  Bloomberg India’s economy probably expanded at a slower pace last quarter as price pressures, rising interest rates and sluggish trade tempered demand in Asia’s third largest economy. Gross domestic product is estimated to have risen 6.2% in the three months to September from a year ago, according to a Bloomberg survey of economists, cooling from a 13.51% growth reported in ...

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• 30 November

  Hong Kong home prices plunge 25% from peak: Natixis

  

    Bloomberg The slump in Hong Kong’s home prices will deepen next year due to the combination of rising borrowing costs, a recession and an exodus of residents, according to Natixis SA. Residential prices are expected to fall 12% in 2023 and 2% the following year, taking the drop from the peak in late 2021 to 25%, Natixis analysts led ...

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• 30 November

  China’s wind turbines to get even cheaper over price war

  

    Bloomberg China’s wind turbines will get even cheaper next year, supporting exports as products from western competitors become more expensive, according to one of the country’s leading manufacturers. Export prices will drop by 15% to 20% per kilowatt of capacity in 2023, according to Zhejiang Windey Co, one of China’s top four turbine makers, as newer units become more ...

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• 30 November

  Japan’s labour market remains tight

    Bloomberg Japan’s availability of jobs increased for the 10th month in October, pointing to further tightness in the labour market that will likely keep upward pressure on wages. The job-to-applicants ratio climbed to 1.35 last month, meaning there were 135 jobs offered for every 100 applicants, the labour ministry reported. It was a slight rise from 134 positions a ...

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• 30 November

  Indian conglomerate Godrej to expand oil palm plantations

  

  Bloomberg Godrej Industries Ltd, part of a 125-year-old Indian conglomerate, is looking to boost the number of oil palm plantations as the government aims to raise local output and cut the nation’s heavy imports. The group’s agriculture and chemicals arm Godrej Agrovet Ltd — India’s largest oil palm processor backed by Singapore’s sovereign wealth fund Temasek Holdings Pte — will ...

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• 30 November

  Nato allies warn on China with eye on Beijing’s ties to Putin

  

  Bloomberg A Nato foreign minister warned that economic reliance on China is risky after what happened with Russia, even as other envoys stressed how Beijing could help push for a deal to end the war in Ukraine. “We’ve seen what dependence on Russia means to all of us in the West,” Lithuanian Foreign Minister Gabrielius Landsbergis told Bloomberg TV on ...

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• 30 November

  S Africa’s parliament to release Ramaphosa farm scandal report

  

  Bloomberg The findings of an advisory panel set up by South Africa’s parliament to probe whether there are grounds for lawmakers to take action against President Cyril Ramaphosa in connection with a scandal over a robbery at his game farm was expected to be published on Wednesday. Chief Justice Sandile Ngcobo, who headed the three-member panel, handed the report over ...

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• 30 November

  EU explores new steps to probe Russian crimes, use frozen assets

  

  Bloomberg European Commission President Ursula von der Leyen suggested creating a special international court to probe Russian actions in Ukraine and using frozen Russian assets to help rebuild the nation. The head of the European Union’s executive arm said the bloc would try to gather international support for a “specialised court backed by the United Nations to investigate and prosecute ...

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