October, 2022

• 20 October

  Uber partners with Iceland Foods to offer rapid delivery

    Bloomberg Uber Technologies will offer consumers delivery within minutes on orders from frozen-grocery chain Iceland Foods, in its first “quick commerce” partnership in the UK. Customers on the Uber Eats mobile app will be able to order more than 1,000 items from Iceland via the new initiative, known as Uber Eats Market, the company said. The move marks Uber’s ...

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• 20 October

  Albertsons profit tops estimates

    Bloomberg Albertsons Cos. reported a quarterly profit that topped Wall Street’s estimates, underscoring the steady demand that makes the grocer an attractive takeover target for Kroger Co. Earnings excluding some items rise to 72 cents a share in the fiscal second quarter, Albertsons said in a statement. That surpassed the 64-cent average of analyst estimates compiled by Bloomberg. Sales ...

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• 20 October

  Truss resigns as UK premier after tax-cut plan backfires

  

  Bloomberg Liz Truss quit as UK prime minister after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout. Truss, 47, said she was resigning after just 44 days in office, and is set to become the shortest-ruling prime minister in British history. ...

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• 20 October

  Russia removed from nuclear-energy stage at Washington summit

  

  Bloomberg Russia lost its place on stage at a key international nuclear summit in Washington next week, as US authorities seek ways to limit the influence of Kremlin-controlled atomic fuel and technology suppliers on the global market. The International Atomic Energy Agency confirmed Thursday that executives from Rosatom Corp. and Russia’s industry regulator were dropped from the agenda of next ...

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• 20 October

  Putin’s ally lets him build up forces near Ukraine again

  

  Bloomberg The president of Belarus insists he won’t join Vladimir Putin’s war in Ukraine even as thousands of Russian troops are pouring back into his country. It’s a risk Ukraine can’t ignore. As many as 9,000 Russian servicemen and almost 170 battle tanks, 200 armored personnel carriers, artillery and aircraft are arriving in Belarus as part of a “joint force” ...

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• 20 October

  Italy’s coalition dealt blow after Berlusconi lauds Putin

  

  Bloomberg Giorgia Meloni, the right-wing leader poised to form a new Italian government, said she’d give up on the fledgling coalition if her allies can’t commit to supporting Ukraine along with Italy’s European Union and Nato partners. “I intend to lead a government with a clear and unambiguous foreign policy line. Italy is fully, and proudly, part of Europe and ...

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• 20 October

  Lula sees very tight Brazil election as rival surges

    Bloomberg Leftist former president Luiz Inacio Lula da Silva considers that Brazil’s election is “very tight” and will be decided by those who didn’t show up to vote in the first round earlier this month. “A lot of Brazilians have already made up their minds and the number of people we need to convince is growing smaller,” he told ...

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• 20 October

  Banks saddled with $30bn in unwanted debt in risk exodus

  

    Bloomberg The world’s biggest banks have already had to use about $30 billion of their own cash this year to fund loans for acquisitions and buyouts that they weren’t able to offload to investors. The lenders have been forced to fund at least 15 deals in the US and Europe as inflation and risk of a recession evaporates investor ...

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• 20 October

  Visa promises more data on pay equity

  

    Bloomberg Visa Inc’s promise to disclose additional information about what it pays employees has led a prominent activist investor to ditch a planned proxy fight. Arjuna Capital withdrew a shareholder proposal that asked Visa to disclose quantitative data about what it pays employees and how jobs and compensation are distributed by race and gender. Arjuna said it was told ...

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• 20 October

  Goldman shakes up leadership ranks in another overhaul

    Bloomberg Goldman Sachs group Inc’s David Solomon is embarking on his third major reorganisation in just four years as chief executive officer, undoing some of the signature moves he made as recently as 2020. The Wall Street giant plans to once again combine its expanded asset management and private wealth businesses into one unit run by Marc Nachmann. Goldman ...

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