October, 2022

• 18 October

  United nears ‘triple-digit’ order for widebody jets

  

  Bloomberg United Airlines Holdings Inc. is closing in on an order for more than 100 widebody jets as it studies offers for Boeing Co.’s 787 Dreamliner and Airbus SE’s A350. The transaction would be one of the largest-ever purchases of long-range aircraft. It’s part of a broader push by Chief Executive Officer Scott Kirby to upgrade United’s offering a little ...

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• 18 October

  EU signs accord with Asean to expand flights

  

  Bloomberg The European Union (EU) finalised a deal with the Association of Southeast Asian Nations (Asean) to expand flights between the two trading blocs following negotiations that began six years ago. The deal, signed on Monday in Bali, Indonesia, will add passenger and cargo services between and beyond both regions, boosting connectivity as Asia reopens following Covid-19 restrictions, the EU ...

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• 18 October

  Prices of Rolex watches to fall further as supply surges

  

    Bloomberg Prices for the most popular pre-owned Rolex, Patek Philippe and Audemars Piguet watches will fall further as the market has been flooded with supply, analysts at Morgan Stanley said in a report. After surging in 2021 and during the first quarter of 2022, an index of the most popular models from Daytona chronograph maker Rolex tracked by WatchCharts ...

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• 18 October

  Domino’s pizza soars as food, drink makers parry inflation

  

    Bloomberg Domino’s Pizza Inc’s better-than-expected quarterly sales are a further indication that even in the face of inflation, consumers are still indulging in their favourite meals and snacks. Domino’s stock surged as much as 11% in New York trading, the most since July 2021, after US comparable-store sales beat analyst estimates. Overall it was a mixed quarter, with revenue ...

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• 18 October

  Energy costs leading small suppliers to idle plants: Airbus

  

  Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said high energy prices are weighing hard on suppliers to its jetliner programs and that some smaller firms are having to idle production. While the worst of a supplier crunch triggered by shortages of labour and raw materials may be over, the high cost of power has become a pressing issue for ...

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• 18 October

  Lava eyes India venture with Chinese partner

    Bloomberg Indian smartphone maker Lava International Ltd. is in advanced talks with China’s Huaqin Technology Co. to create an electronics manufacturing venture in the South Asian nation. The venture would aim to win contracts from US and Chinese customers for research and development, design, and manufacturing of electronics products, according to a letter from Lava to India’s technology ministry ...

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• 18 October

  Defiant Xi tells world China is ready to stand its ground

  

  Bloomberg President Xi Jinping had a clear message to those who want to thwart China’s rise: You will fail. In a speech running almost two hours on Sunday, Xi let the world know that China wouldn’t change course even as it faces “dangerous storms” in a more hostile world. Instead, he declared the “rejuvenation of the Chinese nation is now ...

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• 18 October

  Russia hits Ukrainian capital Kyiv with kamikaze drones

    Bloomberg Four drone strikes hit central Kyiv on Monday morning as Russia used Iranian kamikaze drones to attack critical infrastructure, the second attack on the city in a week. Drones damaged several residential houses and a fire broke out in a non-residential building, Kyiv mayor Vitali Klitschko said on Telegram. Some streets were closed for traffic in the center ...

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• 18 October

  Ethiopia signals escalation in war with plan to seize airports

    Bloomberg Ethiopia said it plans to seize airports and other federal facilities in the northern Tigray region, signaling fighting will intensify after the US and African Union appealed for a cease-fire. The Ethiopian authorities also warned civilians and humanitarian groups to stay away from military assets controlled by the dissident Tigray People’s Liberation Front, according to a statement posted ...

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• 18 October

  Pakistan’s Khan wins majority of seats in by-polls

  

    Bloomberg Pakistan’s former prime minister Imran Khan won the majority of seats in by-elections on Sunday, building momentum in his campaign to pressure the six-month-old government into calling an early national vote. Khan contested seven of eight seats and has won six, according to data from the Election Commission of Pakistan. The Pakistan Peoples Party, a member of the ...

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