October, 2022

• 23 October

  Boeing Max crash passengers’ families ruled crime victims

  

  Families of passengers killed in two crashes of Boeing 737 Max jets were deemed by a federal judge to be official crime victims entitled to consultation before the US Justice Department cuts any deals with the maker of the flawed aircraft. US District Judge Reed O’Connor in Texas said in a ruling he will now determine what remedies the families ...

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• 23 October

  Electric planes in Australia seen halving flight costs

  

  Regional Australian airline Rex said operating costs on short flights will drop as much as 50% with the introduction of electric- and hydrogen-powered aircraft in coming years. Rex plans to start trials in early 2024 using King Air 200 planes, retrofitted with the new power trains, before later tests with Saab 340 aircraft, Deputy Chairman John Sharp said at a ...

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• 23 October

  UK retail sales fall more than expected after Queen’s death

  

  UK retail sales fall more than expected last month after the death of Queen Elizabeth II curtailed activity and cost-of-living pressures hit harder. The volume of goods sold in shops and online dropped 1.4% in September after a revised 1.7% decline the month before, data from the Office for National Statistics (ONS) showed. Economists had expected an 0.5% drop. Sales volumes ...

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• 23 October

  Johnson premiership would ‘implode’: Baker

  

  A prominent member of the Tory right has come out in support of Rishi Sunak as the UK’s next prime minister and and declared that if former premier Boris Johnson won the contest it would be a “guaranteed disaster.” Steve Baker, a Northern Ireland minister and prominent Brexiteer who backed Johnson in the 2019 general election, told Sky News that ...

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• 23 October

  Prioritizing Italy Inc is Giorgia Meloni’s plan as new prime minister

  

    Giorgia Meloni plans to uphold Italy’s pro-Ukraine and pro-Nato stance, but her government is set to shift internal policy to provide a greater shield for the country’s companies and industry. The leader of Brothers of Italy formally takes over from Mario Draghi as head of government Sunday. The two have already exchanged the little bell used to open cabinet ...

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• 23 October

  Russia hits Ukraine’s power grid, causing widespread blackouts

  

  Ukraine’s critical energy infrastructure was extensively damaged as Russian troops delivered another large-scale wave of missile strikes, leaving 1.5 million or more people temporarily without power. President Volodymyr Zelenskiy said Russia had launched a “massive attack” overnight, with some 36 missiles fired, most of them intercepted but some that hit their marks. Vladimir Putin’s invasion of Ukraine is nearing the ...

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• 23 October

  NYC still vulnerable to hurricanes 10 years after Sandy

  Hurricane Sandy swept through New York City in October 2012 leading to 43 deaths and an estimated $19 billion in damages. The fallout devastated city residents as their homes, along with the city’s public transit system, were submerged in water. A decade later, the city is still rebuilding after the superstorm as it confronts the threat of extreme weather. New ...

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• 23 October

  Pfizer plans to sell Covid-19 vaccines for up to $130 per dose

  Pfizer Inc rises the most in seven months after revealing plans to charge between $110 and $130 per single-dose vial of its Covid-19 vaccine, showing how the company intends to shift its strategy when bringing the blockbuster product to the commercial market. The US government will stop purchasing Covid-19 vaccines and distributing the shots to Americans for free as soon ...

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• 23 October

  UK consults private equity firms on market turmoil effects: FT

  Britain’s financial watchdog has been consulting private equity firms about the effects on the companies and their investors of rising rates and the bond market tumult triggered by the government’s failed mini-budget, the Financial Times (FT) reported on Sunday. Officials at the Financial Conduct Authority (FCA) contacted several buyout groups to try to find out how badly the turmoil had ...

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• 23 October

  US budget deficit plunges to record $1.38 trillion in 2022

  The US budget deficit falls by a record in the 2022 financial year, a second straight drop that reflects the drying up of Covid-related aid spending alongside a surge in revenues propelled by the wage and employment gains. The deficit for the fiscal year through September narrowed to $1.38 trillion, from a revised $2.78 trillion the previous year, according to ...

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