October, 2022

• 8 October

  BP ramps up offshore wind hiring

    Bloomberg BP Plc plans to triple its number of offshore wind-farm workers as it expands the business to reach its green goals. Scaling up wind power is key to the UK oil giant’s plans to produce more renewable energy in the coming years to hit net-zero emissions by the middle of the century. BP aims to next year reach ...

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• 8 October

  With Bolsonaro down and not out, buckle up

  

  Officially, leftist former President Luiz Inácio Lula da Silva won the first round of Brazil’s tense presidential race on Sunday, with 48% of votes. In fact, current leader Jair Bolsonaro was the one who emerged victorious, beating the predictions of pollsters and boosted by the success of several key congressional and gubernatorial allies, who demonstrated the resilient support for his ...

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• 8 October

  High inflation is not killing UK retail

  

    Say it quietly: Inflation isn’t all bad for supermarkets. Amid predictions of the cost-of-living crisis devastating the consumer industries, Britain’s biggest retailer, Tesco Plc, reported better-than-expected first-half sales, as higher prices and Brits enjoying themselves during the summer heatwave boosted revenue. Tesco said UK like-for-like sales rose 0.7% in the six months to Aug. 27, compared with expectations of ...

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• 8 October

  Gilts are bland. But even Indian bonds aren’t spicy?

    The one-two punch of rising US interest rates and a strengthening dollar is making investors crave spicy yields. Markets were in turmoil last week when 10-year UK gilts struggled to find takers even at 4.5% — and only calmed down when the Bank of England stepped in as a buyer. However, it isn’t just British fare that’s getting passed ...

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• 8 October

  Democrats try to persuade as Republicans mobilise

    The political outlook heading into the final month of the campaign is muddled, to say the least. Inflation is near record highs, which is bad news for incumbent Democrats. On the other hand, abortion rights are under siege across the country, which is an issue that works in Democrats’ favor. Meanwhile, a former president who is the subject of ...

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• 8 October

  M&S starts digital payment tool to help customers buy on credit

  

  Bloomberg Marks & Spencer Group Plc is starting to offer a digital credit account allowing customers to spend as much as £500 interest-free as shoppers battling the higher cost of living seek to postpone their payments. Sparks Pay is available to customers who have signed up to the M&S Sparks loyalty program and allows shoppers one-click purchases on the M&S ...

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• 8 October

  Amazon plans to hire 150,000 seasonal staff

  

    Bloomberg Amazon.com Inc. plans to hire 150,000 seasonal workers, about the same as last year despite slowing sales growth and predictions of a lackluster holiday shopping season. The world’s largest online retailer typically hires legions of temporary workers this time of year to help store, pack and ship items from its warehouses. Employees can earn more than $19 an ...

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• 8 October

  Cathay Pacific planning jet orders as Hong Kong airport expands

  

  Bloomberg Cathay Pacific Airways Ltd. is in talks with Boeing Co. and Airbus SE about expanding its fleet, seeking to bounce back from the Covid-19 pandemic as the opening of Hong Kong airport’s third runway swells capacity. The airline is exploring possibilities for adding both passenger aircraft and freighters, Chief Customer and Commercial Officer Ronald Lam said in an interview ...

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• 8 October

  KLM urges Dutch hub to end flight cap early, plans fleet revamp

  

    Bloomberg The Dutch arm of Air France-KLM will press Amsterdam’s Schiphol Airport to drop a capacity cap in December rather than extend it through March as planned, Chief Executive Officer Marjan Rintel said. Schiphol needs to look at all options to address a labour shortage that prompted the curbs, including modifying a rostering system for security staff that’s efficient ...

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• 8 October

  Superdry shares jump as UK fashion brand returns to profit

    Bloomberg Superdry Plc shares jumped as the UK fashion brand returned to profit after Covid-19 pandemic-induced losses. The retailer, known for its logo T-shirts and bright colours, reported adjusted profit before tax of £21.9 million ($24 million), compared with a £12.6 million loss a year earlier. The shares rise as much as 13% in London. The return to profit ...

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