October, 2022

• 1 October

  Here’s who really needs the new Covid booster

    The new US Covid booster campaign needs a dose of clarity about its goals and limitations. The latest “bivalent” vaccine — retooled to protect against the currently circulating BA.5 variant — will benefit some more than others. The oldest and most vulnerable citizens are likely to benefit most. Public health officials should aim to protect them through a targeted ...

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• 1 October

  Amid crisis, Truss needs to show competence

    A rush to dump UK government bonds following a botched budget announcement forced a dramatic intervention by the Bank of England on Wednesday. The central bank promised to buy long-term bonds “on whatever scale is necessary” to restore order in the market. It amounted to an official declaration of imminent financial crisis, apparently centered on pension funds facing insolvency ...

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• 1 October

  JetBlue’s pursuit of airport slots irked rivals: Southwest

  

    Bloomberg JetBlue Airways Corp decided to partner with American Airlines Group Inc. because of the legacy airline’s access at congested airports in New York, JetBlue Chief Executive Officer Robin Hayes told a Boston court. The alliance, which is being challenged by the Justice Department in federal court in Massachusetts, rankled rival Southwest Airlines, which had unsuccessfully sought to raise ...

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• 1 October

  Amazon raises hourly wages to $19 an hour

  

    Bloomberg Amazon.com Inc. announced a pay increase for hourly workers in the US that it says will take average starting wage for most front-line employees in warehousing and transportation to more than $19 an hour. The company’s minimum level of $15 an hour for all hourly workers in the US remains unchanged. For jobs in Amazon’s customer fulfilment and ...

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• 1 October

  Ryanair ready to relocate planes from UK if pound hits demand

  

  Bloomberg Ryanair Holdings Plc said it’s ready to redeploy aircraft from Britain to more vibrant markets if the pound’s collapse, soaring inflation and higher interest rates begin to undermine travel demand there. The economic situation in Ryanair’s biggest market has become challenging following the turmoil unleashed by Prime Minister Liz Truss’s new fiscal policy, with concerns about the impact of ...

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• 1 October

  Next cuts guidance as inflation weighs on UK consumers

  

  Bloomberg Next Plc issued its second profit warning this year due to soaring inflation and a devaluation of the pound which has undermined consumer confidence. The British clothing and housewares chain said that profit for the year will total £840 million ($905 million), compared with previous guidance of £860 million. Full-price sales in the second half are expected to drop ...

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• 1 October

  Hermes Kelly bag sells for $346,802 at Paris auction

    Bloomberg A Hermes handbag fetched a record price for a Sotheby’s auction, latest evidence that rare luxury items are increasingly seen as stores of value by investors and wealthy buyers. The Himalaya Retourne Kelly 25 bag sold for €352,800 ($346,802) in a Paris auction, Sotheby’s said. The crocodile-skin handbag in mother-of-pearl white, reminiscent of a snowy mountain landscape, sold ...

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• 1 October

  Rolex watches on sale in UK for US visitors

    Bloomberg The crash in the value of sterling has put Rolex and other luxury watches at discounts of as much as 19% for US visitors lucky enough to get their hands on the coveted timepieces. Promised policy changes by the new UK government including a plan to reintroduce Value Added Tax rebates on goods bought by tourists could even ...

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September, 2022

• 30 September

  Putin says annexation is forever, defends his Ukraine land grab

  

  Bloomberg Vladimir Putin vowed his annexation of four occupied regions in Ukraine is irreversible, as the Russian president formalized Europe’s biggest land grab since World War II and accused the West of trying to subjugate his country. “They will become our citizens forever,” he told officials in a Kremlin ceremony Friday before he and Moscow-installed leaders signed annexation documents. He ...

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• 30 September

  Suicide bomber kills 19 Afghan teenagers

  

  Bloomberg A suicide bomber attacked an educational center in Afghanistan on Friday, killing at least 19 students who were appearing in a mock university entrance examination. The death toll could rise in Dasht-e-Barchi as the attacker, disguised as a student, has also injured 27 teenagers, Khalid Zadran, a spokesman for the Kabul police, said by phone. The victims were aged ...

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