November, 2022

• 16 November

  The wild west of crypto claims another victim

    Sam Bankman-Fried has in the past enjoyed media treatment akin to walking on water. Even amid the brutal cryptocurrency selloff, his exchange FTX was hailed as the buyer of last resort amid the wreckage. His geeky image, supposedly philanthropic motivations and crude online gags softened the edges of a billionaire whose business is risky crypto trading — most of ...

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• 16 November

  Airbus CEO sees energy crisis weighing on output next spring

  

    Bloomberg Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiralling energy costs, with the squeeze expected to become most acute next spring. The world’s largest planemaker is working to mitigate the impact of the energy crisis for component makers by being flexible with its aircraft production sequencing ...

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• 16 November

  Air France to face strikes during year-end holidays

  

  Bloomberg Air France-KLM’s French arm faces possible strikes throughout the year-end holiday as workers step up pressure to adjust salaries in the face of spiralling inflation. Two Air France cabin crew unions issued a strike notice from December 22 to January 2, according to statements posted on their websites. Air France said it questions the logic of the strike notice, ...

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• 16 November

  Frontier, five other airlines to refund $600m to passengers

  

    Bloomberg Six airlines paid back more than $600 million in refunds to passengers because of major delays or cancelled flights, the US Transportation Department announced as air travel has seen more disruption amid the coronavirus pandemic. The department, which said its enforcement actions on refunds led to hundreds of thousands of flyers getting money back, is also issuing more ...

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• 16 November

  Nasa’s next-generation Artemis mission heads to moon

  

  Bloomberg Nasa launched its most powerful rocket in 50 years early Wednesday, sending an uncrewed capsule skyward on a 25-day mission to orbit the moon and return safely to Earth. The agency’s Space Launch System rocket, with an Orion capsule perched atop it, cleared its Kennedy Space Center launchpad on the Florida coast just after takeoff at 1:48 am local ...

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• 16 November

  Primark website crashes on click and collect debut

    Bloomberg Primark’s website crashed after the budget fashion retailer offered British shoppers a click and collect service, the first time that customers could buy from the company online. The website was blank with a message saying “some people had issues accessing” the site and the firm was working hard to ensure shoppers could browse easily. The click and collect ...

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• 16 November

  Deliveroo closes its Australia business

    Bloomberg Deliveroo Plc is closing its Australian business after it failed to win enough orders competing against food-delivery rivals including Uber Eats and Menulog. Deliveroo Australia Pty has been put into administration and will stop trading imminently, Deliveroo said. “The company cannot reach a sustainable and profitable scale in Australia without considerable financial investment,” it said. The expected returns ...

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• 16 November

  Nato, Poland see no intentional Russian strike as crisis eases

  

  Bloomberg Nato and Poland’s leaders said there is no indication that a missile that struck Polish territory late Tuesday was an intentional Russian attack as governments in the military alliance moved to defuse the incident. “Our preliminary analysis suggests that the incident was likely caused by a Ukrainian air defense missile fired to defend Ukrainian territory against Russian cruise missile ...

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• 16 November

  Thai central bank signals it will stick to slow tightening

  

    Bloomberg Thailand will persist with its gradual approach to monetary policy tightening, a top central banker signalled, citing that the economy was better off compared to others on most parameters. “You could expect not to be surprised,” Bank of Thailand’s Assistant Governor Piti Disyatat said at the Bloomberg Business Summit in Bangkok on Wednesday, when asked what to look ...

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• 16 November

  ECB warns of increasing stability risks for banks

  

    Bloomberg The European Central Bank (ECB) warned of rising stability risks for everyone from lenders to governments and households as the economic outlook darkens and officials battle record inflation. The cost-of-living squeeze is hurting people’s ability to service debts, while Europe’s worsening growth prospects threaten corporate profits, the ECB said on Wednesday in its Financial Stability Review. It also ...

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