September, 2022

• 29 September

  BOE right to snub calls for emergency action

  

  The Bank of England’s next scheduled monetary policy gathering on Nov. 3 is a long, long way away. With the pound dropping to a record low against the dollar this week and UK borrowing costs surging, market soothsayers have called for an inter-meeting intervention. But Governor Andrew Bailey has resisted that temptation — and he’s right not to fall into ...

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• 29 September

  Crypto bros need to stop proving Jamie Dimon right

    Do Kwon is not on the run. We know that because the cryptocurrency founder said so. Singapore authorities announced that he’s no longer in their country, a South Korean court issued a warrant for his arrest, and Interpol put out a Red Notice. But that doesn’t mean he’s ready to reveal his whereabouts, or his legal strategy to fight ...

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• 29 September

  Progress on HPV vaccine is too important to lose

  HPV vaccinations among teens in the US dropped precipitously during the early pandemic, a disappointing reversal for shots that can prevent more than 33,000 cases of cancer each year. Worse, efforts to get vaccinations back on track could be stymied by legal challenges. We can’t let a decade worth of slow and steady progress in HPV vaccinations be lost. Getting ...

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• 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 ...

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• 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 ...

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• 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 ...

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• 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 ...

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• 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 ...

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• 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 ...

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• 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,” ...

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