October, 2022

• 11 October

  Abu Dhabi to track sightings of species with new app

  

    Abu Dhabi / WAM A new smartphone app and website was launched on Tuesday to help people learn more about Abu Dhabi’s wildlife and report sightings to the Environment Agency – Abu Dhabi (EAD). The app was launched during Gitex which began on October 10 and concludes on October 14, at the Dubai International Convention and Exhibition Centre. Abu ...

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• 11 October

  Italy may find November is the cruelest month

  

  It won’t take much to push highly indebted Italy into a debt crisis, as it is already flirting with bond yields close to unsustainable levels. The big risk is of a buyer’s strike, akin to the recent UK gilt market meltdown. What happens next month will be crucial for the nation’s economic future. A lot of things have to come ...

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• 11 October

  This imitation currency crisis needs work

  

    Where have Asia’s rebels gone? It’s striking how conventional the region’s response has been to the spike in inflation and worrisome slides in currencies. Unlike a generation ago, today’s challenges haven’t forced a retreat from the orthodox. The radical center is holding. Whenever Asia is under financial duress, it’s tempting to reach for comparisons with the collapse of the ...

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• 11 October

  Retailers should prepare for a revenge Christmas

    If it feels like the winter holiday season starts earlier every year, that’s because it does. It’s not just the pumpkin spice lattes and Christmas knits taking over your Instagram feed. This week, Target Corp. kicked off its deal days. Next week, Amazon.com Inc.’s second prime day of the year takes place. Retailers are right to be out of ...

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• 11 October

  Credit Suisse shows banks still need more capital

    Yet again, trouble at a big European bank, this time Credit Suisse Group AG, is roiling markets. Concerns about the cost of an expected restructuring have sent its share price gyrating wildly, leading both executives and analysts to appeal for calm and emphasize that the bank is among the best capitalized of its peers. If only that comparison were ...

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• 11 October

  US retailers looking past China for suppliers see costs up 30%

  

    Bloomberg When Mike Newman started to hear warnings earlier this year about delays at ports on the US West Coast because of labour negotiations, the threat of more supply-chain chaos “became the last straw for us.” So the chief executive officer of New York-based Returnity Innovations moved about two-thirds of his production of reusable shipping bags and boxes to ...

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• 11 October

  Airbus delivers 55 jets in September, still short of 2022 goal

  

  Bloomberg Airbus SE jetliner handovers increased in September, while remaining short of the monthly average needed to reach an already downgraded year-end goal. The planemaker delivered 55 aircraft, up from 39 in August, it said, confirming a Bloomberg report. That takes net tally to 435, meaning it must ship an average 88 per month to hit the annual target of ...

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• 11 October

  Boeing tanker’s camera repair to take another 19 months: Air Force

  

    Bloomberg The US Air Force said it will take an additional 19 months for Boeing Co. to start installing an improved version of the flawed camera-based refuelling system on its KC-46 refuelling planes, according to the service. “After thoroughly evaluating all the data and assumptions that went in to the current schedule” the Air Force and Boeing determined that ...

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• 11 October

  Adidas falls after review of Kanye West Yeezy partnership

  

    Bloomberg Adidas AG put its relationship with Kanye West under review amid growing acrimony between the designer and his closest corporate partner, sending shares of the German sports company lower. Adidas said it was reviewing the troubled Yeezy partnership after trying repeatedly to resolve the situation privately. West, who now goes by Ye, responded on Instagram by cursing at ...

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• 11 October

  Heathrow airport warns on demand outlook for travel

    Bloomberg London’s Heathrow airport said growing economic headwinds and the escalating war in Ukraine have made the outlook for travel uncertain this winter. The hub still expects peak days through the Christmas holidays to be very busy and will focus on ramping capacity back up to pre-pandemic levels, it said in a statement on Tuesday. Heathrow had close to ...

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