September, 2022

• 19 September

  Monarchy is Britain’s most successful (re) invention

  

  All week, a river of mourners has queued for hours alongside the banks of the Thames in London to pay their respects to their longest-reigning monarch as she lies in state in Westminster Hall. Tens of thousands also lined the narrow streets of Edinburgh to gaze on the hearse bearing the Queen’s body last week. Pilgrimage to bid farewell to ...

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• 19 September

  When nurses battle for public support

  

  More than 15,000 nurses in Minnesota who staged a three-day strike aren’t just fighting for better pay and working conditions, they’re battling to secure public support — especially as evidence mounts that patients will die in their absence. A century’s worth of sentimental blather about nursing as selfless women’s work has left Americans ill-equipped to grasp the severity of the ...

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• 19 September

  India’s economy stuck short of escape velocity

    India’s official statisticians reported 13.5% growth in the April to June quarter of this year. This meant that the country whooshed into top place as the world’s fastest-growing large economy — and, incidentally, replaced Great Britain as the world’s fifth-biggest economy. Unfortunately, that’s where the good news about India’s growth prospects ends. Those GDP numbers were actually a disappointment, ...

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• 19 September

  Putin discovers limits of China’s Xi friendship

    There were “no limits” to their bonds, declared the leaders of Russia and China earlier this year. More than six months, one messy invasion and a plethora of Western sanctions later, it turns out that perhaps there were a few. The slogan didn’t even appear to surface in the comments by Chinese President Xi Jinping and Russian leader Vladimir ...

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• 19 September

  FedEx’s warnings highlight economic risks, its own issues

  

    Bloomberg FedEx Corp’s profit warning this week hit a nerve with global markets already jittery over the state of the economy. Shares of the delivery giant sank 21% last week, wiping out $11 billion in market value, and dragging the broader market to its worst week since June, as the results fuelled concern of weaker e-commerce and business-to-business activity. ...

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• 19 September

  Warren urges DOT to block JetBlue’s $3.8b Spirit deal

  

  Bloomberg Senator Elizabeth Warren urged federal airline regulators to block JetBlue Airways Corp’s proposed merger with Spirit Airlines Inc. by invoking a rarely used authority from the 1950s to argue that the $3.8 billion deal isn’t “consistent with the public interest.” In a letter to Transportation Department Secretary Pete Buttigieg, Warren, a Massachusetts Democrat, said the agency could use its ...

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• 19 September

  Virgin Australia not in a hurry to get back into long-hauls

  

    Bloomberg Virgin Australia is reluctant to resume long-haul services even as demand for international travel soars, Chief Executive Officer Jayne Hrdlicka said, as the airline seeks to rein in costs and prepares for an initial public offering as soon as next year. “Anything that we did from a long-haul standpoint would have a very high hurdle on it,” Hrdlicka ...

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• 19 September

  FAA hits airlines on flight delays after United CEO comments

  

    Bloomberg US aviation regulators struck back at major carriers’ reliability after the head of United Airlines Holdings Inc called the government’s air-traffic system “by far the No. 1” cause of flight delays. United Chief Executive Officer Scott Kirby made the comments in Washington during a conference. Within hours, the Federal Aviation Administration (FAA) issued a statement, including a chart ...

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• 19 September

  Amazon opens its email marketing to boost sales

  

    Bloomberg Amazon.com Inc will let brands and merchants send marketing emails to shoppers, a risky bid to boost sales that could inundate inboxes with spam. The company announced the initiative at the Amazon Accelerate conference in Seattle, where it demonstrates new features to the independent businesses that sell more than half of the products on Amazon.com. Merchants will be ...

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• 19 September

  Cathay says training, jet bottleneck slowing Covid recovery

    Bloomberg Cathay Pacific Airways Ltd expects to fly one-third of its pre-Covid capacity by the end of the year, up from 25% previously projected as Hong Kong gradually loosens restrictions on travel, including lengthy mandatory quarantine stays. The recovery will take time as Hong Kong’s main airline returns its fleet to service and trains staff after operating at as ...

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