September, 2022

• 29 September

  India’s Jet Airways return to skies delayed with plane talks in limbo

  

    Bloomberg Jet Airways India Ltd., the carrier undergoing a court-monitored process to emerge from bankruptcy, won’t return to the skies this month as previously planned, according to people familiar with the matter. The airline, once India’s top private carrier, can’t sell tickets in September because lenders are reluctant to allow it to take on any fresh liabilities such as ...

  Read More »
• 29 September

  Fighter jets scrambled after bomb threat on Singapore Airlines flight

  

  Bloomberg A Singapore Airlines Ltd. flight en-route from San Francisco was escorted by fighter jets after a passenger allegedly claimed there was a bomb in his carry-on bag and assaulted the crew, according to the police. Singapore Airlines Flight 33 landed safely at Changi airport at 5:50am, the city-state’s Police Force said in a statement. The plane was taxied to ...

  Read More »
• 29 September

  UK supermarket default risk up near records on pound selloff

  

    Bloomberg The risk of debt defaults for British supermarkets surged on Monday as investors reacted to the wild market swings sparked by tax cuts that many fear will fuel inflation. Insurance on bonds of UK supermarkets Asda Group Ltd. and Iceland Foods Ltd. — used to protect investors against non-payment — jumped to signal a 52% and 76% chance ...

  Read More »
• 29 September

  Demand for luxury goods shows growing inequality in India

  

  Bloomberg Household spending trends ahead of India’s main festive season are flashing warning signs of a widening chasm in demand recovery as inflation hovers around 7% and unemployment keeps on rising. Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level, while industry data on sales ...

  Read More »
• 29 September

  Burberry hires Daniel Lee as designer

    Bloomberg Burberry Group Plc appointed former Bottega Veneta creative head Daniel Lee to succeed chief designer Riccardo Tisci, who is leaving the British fashion brand after five years. Tisci’s departure completes a changing of the guard atop the luxury retailer and comes less than a week after Chief Financial Officer Julie Brown announced she was leaving to join drugmaker ...

  Read More »
• 29 September

  Kim fires missiles ahead of Kamala Harris DMZ visit

  

  Bloomberg North Korea fired two short-range ballistic missiles into waters off its east coast, ramping up tensions a day before US Vice President Kamala Harris is set to visit the demilitarized zone that divides the two Koreas. The launches took place from the Sunan area near Pyongyang’s international airport at around 6:10 p.m. and 6:20 p.m. respectively Wednesday, South Korea’s ...

  Read More »
• 29 September

  Russian leaders declare victory in stage-managed Ukraine ‘referendums’

  

  Bloomberg Russian leaders declared victory in a series of stage-managed, UN-condemned “referendums,” as the Kremlin moved to annex a large chunk of occupied Ukrainian territory after a string of humiliating military setbacks. Dmitry Medvedev, deputy head of Russian Security Council, wrote on his official Telegram channel in the early hours of Wednesday that the referendums were over. “Results are clear,” ...

  Read More »
• 29 September

  Russians fleeing Putin’s draft stir fears in worried neighbours

  

  Bloomberg The growing exodus of Russians fleeing President Vladimir Putin’s mobilization order is creating turmoil at the borders with neighboring states and stirring fears about potential instability. After driving with friends for more than 30 hours from Moscow to reach the Russian border with Kazakhstan in central Asia, 46-year-old Ilya, who asked not to disclose his last name, said they ...

  Read More »
• 29 September

  Biden to fete Pacific Island nations at US summit, eyeing China’s grasp

  

  Bloomberg President Joe Biden is seeking to mend ties with Pacific Island nations following years of neglect at a first-ever White House summit, as the US and its allies worry that the strategically important countries risk drifting into China’s orbit. At an unprecedented two-day event starting on Wednesday, the administration plans to announce a series of initiatives and a new ...

  Read More »
• 29 September

  Yuan falls to weakest level since 2008 on signs PBOC easing grip

  

    Bloomberg The onshore yuan falls to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning down its support for the local currency. The onshore yuan weakened to 7.2409 per dollar, a level unseen in 14 years, while the offshore unit slid to an ...

  Read More »