November, 2022

• 21 November

  Virgin slams Heathrow curbs, moots bid for own terminal

  

  Bloomberg Virgin Atlantic Airways Ltd. called on regulators to ensure London’s Heathrow airport returns to full capacity next summer and linked his support for a third runway to measures that improve competition with British Airways, such as Virgin’s own dedicated terminal. Chief Executive Officer Shai Weiss is concerned that 2023’s peak season will see a repeat of capacity caps imposed ...

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• 21 November

  Indonesia’s deal to buy 36 F-15 jets in ‘advanced stages’

  

  Bloomberg Indonesia’s defense chief said a $14 billion deal to purchase 36 new F-15 jets from Boeing Co. are in “advanced stages” after praising cooperation with the US during a visit by Defense Secretary Lloyd Austin. “Negotiations are continuing and we are at advanced stages of that negotiation,” Defense Minister Prabowo Subianto said on Monday at a news conference in ...

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• 21 November

  Court orders Amazon to cease, desist retaliating against activists

  

    Bloomberg Amazon.com Inc. must cease and desist from retaliating against employees for workplace activism, a New York federal judge ordered. The ruling requires Amazon to distribute the order to employees at a Staten Island warehouse and to read it to them at a meeting, but US district judge Diane Gujarati denied a request for an injunction to reinstate a ...

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• 21 November

  Thanksgiving holiday travel surge brings higher fares

  

    Bloomberg When Claudia Estudillo learned she had to be in Cancun on business close to Thanksgiving, she decided to bring her husband and daughter with her over the holiday. What she wasn’t prepared for is a cost of almost $300 more per person than she expected to pay. They’re making the trip anyway, joining the throngs at airports. Planes ...

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• 21 November

  Viva Aerobus sells $51m in green bonds

    Bloomberg Grupo Viva Aerobus SA, one of Mexico’s largest airlines, sold $51 million in its first sustainability-linked bond issuance, the company announced. Viva’s sustainability goal is to reduce jet fuel carbon emissions intensity per revenue passenger-kilometer by 35% in 2029 compared to a 2015 baseline. The company said it has a fleet with one of the lowest carbon dioxide ...

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• 21 November

  TSMC founder: Congratulating Xi on party congress was ‘personal’

  

  Bloomberg Taiwan Semiconductor Manufacturing Co. founder Morris Chang said the congratulations he offered Chinese President Xi Jinping about the congress that his ruling Communist Party recently held were his own “personal” view. “Taiwan’s Presidential Office told me beforehand that if there was an opportunity, there was no need to avoid meeting or greeting him,” Chang said Monday at a press ...

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• 21 November

  Tourism rebound aiding Thai economic recovery

  

    Bloomberg A revival in tourism helped Thailand expand at the fastest pace in more than a year last quarter, even as finer details of the economic data support the case for the central bank to go slow on monetary policy tightening. Gross domestic product rose 4.5% in July-September from a year ago, the National Economic and Social Development Council ...

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• 21 November

  Toyota-Panasonic’s battery venture looking for new coastal site

  

  Bloomberg Prime Planet Energy & Solutions Inc., the battery joint venture of Toyota Motor Corp. and Panasonic Holdings Corp., is searching for a new domestic manufacturing site with sea port and clean energy access as it expands to keep up with consumer demand for electric vehicles, President Hiroaki Koda said in an interview in Tokyo. The company, which formally started ...

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• 21 November

  GoTo reports narrower quarterly loss

    Bloomberg GoTo Group reported a narrower third-quarter loss, helped by cost cuts at the Indonesian ride-hailing and e-commerce giant. The adjusted loss before interest, taxes, depreciation and amortization shrank to 3.7 trillion rupiah ($235 million) from 4.2 trillion rupiah a year earlier, the Jakarta-based company said Monday. Net revenue, which strips out incentives to driver and merchant partners and ...

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• 21 November

  US, China defense chiefs likely to meet in sign of thawing ties

  

  Bloomberg The US and Chinese defense chiefs are likely to meet for their first talks since Beijing suspended dialog with Washington over House Speaker Nancy Pelosi’s August visit to Taiwan —the latest sign that ties between the two nations are stabilizing. US Defense Secretary Lloyd Austin would welcome a meeting with Chinese Defense Minister Wei Fenghe during a gathering of ...

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