October, 2022

• 6 October

  Airbus to auction off pieces from its A380 superjumbo

  

    Bloomberg Plane aficionados now have a chance to own a piece of one of the world’s most iconic aircraft — Airbus SE’s A380, the largest and most spacious passenger jet. Airbus is holding a three-day auction of some 500 pieces of the superjumbo, starting October 13. Items on sale include lamps, a bar, trolleys, seats, emergency exit signs, baby ...

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• 6 October

  American Air says Covid led it to seek JetBlue alliance

  

    Bloomberg American Airlines credited Covid as a key reason it pursued a controversial business partnership with JetBlue Airways Corp., saying it needed the alliance to stay competitive in the heavily trafficked US Northeast. “Our business was hemorrhaging cash” in the spring of 2020, American’s CEO Robert Isom testified in a federal court in Boston, adding that the airline was ...

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• 6 October

  FAA mandates more rest time for flight attendants

    Bloomberg US aviation regulators are set to approve a long-delayed rule change giving flight attendants an extra hour of rest between shifts. The decision is expected to be the focus of a press briefing in Washington with Federal Aviation Administration (FAA) acting Administrator Billy Nolen. Flight attendants currently must be given at least nine hours of rest between shifts. ...

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• 6 October

  JBS closes US plant-based meat unit

    Bloomberg JBS SA, the world’s largest meat supplier, will discontinue operations at its US plant-based unit Planterra and focus on growing markets for alternative proteins in Brazil and Europe. The shutdown comes amid softening consumer demand for plant-based proteins. Maple Leaf Foods Inc. recently decided to reduce the size of its plant-based segment after a review found demand will ...

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• 6 October

  Thailand daycare mass shooting leaves 38 dead, mostly children

  

    Bloomberg A mass shooting that began with a daycare center in northeastern Thailand left 38 people dead, the majority of them children, according to officials. A 34-year-old former cop used an automatic weapon to fire at the center located in Nong Bua Lamphu province near Thailand’s border with Laos on Thursday afternoon, killing 24 children, Jackrapat Wijitwaitaya, a local ...

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• 6 October

  North Korea test-fires missile after criticising US aircraft carrier move

    Bloomberg North Korea fired two suspected short-range ballistic missiles toward waters where a US aircraft carrier had been deployed, ratcheting up tensions in the region. The missile launches off North Korea’s east coast Thursday added to one of its biggest barrage of tests under leader Kim Jong Un, including its first launch of a rocket over Japan in five ...

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• 6 October

  Czech banks face 60% windfall tax to fund state energy subsidies

  

    Bloomberg The Czech Finance Ministry told the country’s largest banks it plans to impose a windfall tax on them to fund energy subsidies, according to a summary of the meeting. The government would apply a tax rate of 60% on lenders’ extraordinary profit, seeking to raise about 25 billion koruna ($1 billion) a year, according to a note summarising ...

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• 6 October

  New Zealand’s central bank poised for fifth half-point rate hike

  

    Bloomberg New Zealand’s central bank is poised to raise interest rates by half a percentage point for a fifth straight time, and some economists are tipping it will need to keep tightening well into next year as an aggressive Federal Reserve weakens the kiwi dollar. The Reserve Bank will lift the Official Cash Rate to 3.5% from 3% in ...

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• 6 October

  CIBC shuffles leadership in US division, investment banking

  

    Bloomberg Canadian Imperial Bank of Commerce (CIBC) named Chief Risk Officer Shawn Beber as the new head of its US division and tapped Susan Rimmer to lead the company’s global corporate and investment banking franchise. Current US chief Mike Capatides will take over as the bank’s vice chair in the country when the changes become effective on November 1, ...

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• 6 October

  Philippine to curb market disruption

    Bloomberg The Philippine central bank said it is taking steps to “manage any disruption” in the financial market, as it asked people not to take undue advantage of developments. “We ask those who have the means not to take undue advantage of changing market conditions,” Bangko Sentral ng Pilipinas said in an emailed statement. “This does not help the ...

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