November, 2022

• 26 November

  TAP to cancel 360 flights as cabin crews eye strike

  

    Bloomberg Portugal’s state-owned airline TAP SA will cancel 360 flights during a two day cabin-crew strike scheduled for December 8-9 after the carrier failed to reach a new agreement with unions. “The cancellation of the flights is happening now,” Chief Executive Officer Christine Ourmieres-Widener said at a press conference in Lisbon on. The strike will affect about half of ...

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• 26 November

  Nike women workers set to lose key ruling in pay-disparity suit

  

  Bloomberg Nike Inc. female workers who accuse the company of gender discrimination failed to persuade a federal magistrate they should be allowed to join together to sue the athletic shoe maker as a group. Magistrate Judge Jolie A. Russo in Portland, Oregon, recommended that the women’s request for class-action status be denied, but her findings were sealed from public view, ...

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• 26 November

  Lufthansa weighs solo ITA bid after MSC bails out

  

    Bloomberg Deutsche Lufthansa AG is evaluating a solo bid for Alitalia successor ITA Airways after talks between the Italian government and other potential suitors collapsed, according to people with the matter. The German airline group is looking through ITA’s data room and could make a bid to acquire the carrier on its own, said the people, asking not to ...

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• 25 November

  Thanksgiving travel busier than it was before Covid-19

    Bloomberg Arrive at the airport early — the Thanksgiving travel rush is back. More people are traveling through US airports in the pre-holiday period than in 2019, according to the TSA. On November 22, 2,299,346 people were screened in security in American airports versus 1,968,137 passengers on the comparable day in 2019. The travel figures were higher as well, ...

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• 25 November

  Walmart: No continued threat to stores

    Bloomberg The CEO of Walmart US, John Furner, says there is not currently “any reason to believe there is a continued threat to our Chesapeake store or any other Walmart facility” following the mass shooting at a store in Virginia. Details are still emerging, Furner said in a statement posted to the Walmart blog. Authorities confirmed six fatalities before ...

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• 25 November

  UK faces $19.42 billion bill for three months of energy subsidy

  

    Bloomberg Energy regulator Ofgem will raise its price cap for the average UK home by 21% to £4,279 ($5,173) from January, underscoring the growing gap the government has to plug to maintain its price freeze. The UK has been subsidising Ofgem’s price cap since October in an attempt to shield households from the worst energy crisis in decades. That ...

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• 25 November

  EU puts energy crisis steps on hold to address natural gas price cap

  

    Bloomberg The European Union (EU) paused efforts to approve a package of emergency measures to curb the fallout from high natural gas prices as member states struggled to resolve a deep split over a push to cap the cost of gas. Energy ministers holding an extraordinary meeting in Brussels agreed on the content of several emergency measures, but will ...

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• 25 November

  Renault signs France’s largest green power-purchase deal

  

    Bloomberg Renault SA is buying solar power from Voltalia SA over 15 years in what is France’s biggest renewable corporate power-purchase agreement. Voltalia will install 100 megawatts of solar panels on the carmaker’s sites across France from 2025, with that number rising to 350 megawatts by 2027, the Paris-based company said. The deal, which is part of the carmaker’s ...

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• 25 November

  Asia LNG prices jump to 7-week high

    Bloomberg Asia’s liquefied natural gas (LNG) spot price rallied to the highest level since early October on concern disruptions to production and the arrival of colder weather in key markets will further tighten supply. The Japan-Korea Marker, North Asia’s LNG benchmark, jumped 20% in the week to Wednesday to $34.24 per million British thermal units, according to traders citing ...

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• 25 November

  Germany sets windfall tax at 90% for clean power generators

  

    Bloomberg Germany has set out its plan to claw back 90% of the earnings from some clean power generators as the government seeks funding for its consumer aid package. The government is planning to skim 90% of earnings above €130 a megawatt-hour for solar, wind and nuclear, according to a draft law seen by Bloomberg News. Politicians are trying ...

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