September, 2022

• 24 September

  UK government to relax planning rules for onshore wind

  

  Bloomberg The UK government will relax planning rules for onshore wind to allow projects to be deployed more easily, marking a significant policy shift. Britain vowed to speed up the planning process for energy infrastructure including offshore wind farms and new oil and gas fields in Chancellor Kwasi Kwarteng’s mini-budget. Onshore wind was effectively banned in 2016, but developers were ...

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• 24 September

  Does Italian politics often stay in Italy? Maybe not

  

  What happens in Italian politics doesn’t often stay in Italy. From Fascism to Nazism; from Berlusconi to Trump; from the rabble-rousing Five Star Movement to the disruption wrought by social media, Italy has often served as a political laboratory for liberal democracies. So, would a victory in Sunday’s election by the far-right Brothers of Italy and its leader Giorgia Meloni ...

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• 24 September

  FedEx’s pricing power isn’t working!

  

  After carving a fifth off the market value of FedEx Corp when it withdrew its annual forecast and announced preliminary results that fell well short of expectations, investors were in a more forgiving mood for the full quarterly report. They mildly welcomed FedEx’s effort to chop as much as $2.7 billion of costs over the next 12 months to offset ...

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• 24 September

  Wartime economy of Europe will last for now

    The European “way of life” has always been a vague concept, but — after Covid-19 — it chimed with a new generation looking for la dolce vita. Citigroup Inc is one unlikely poster child. At its new office in Malaga, Spain, junior bankers can expect to be paid half the salary of their London peers — $100,000, reportedly — ...

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• 24 September

  The way to police Big Tech is through US states

    California governor Gavin Newsom signed a landmark bill into law, forcing large internet companies like Facebook to make their sites safer for children. Aside from sparking irritation in tech circles, it has put a spotlight on an area where states are making greater headway than Congress: passing laws to regulate the free-wheeling dominance of Big Tech firms. Rallying against ...

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• 24 September

  Hong Kong airfares soar as quarantine ends

  

    Bloomberg Travellers looking to leave Hong Kong after two-and-a-half years of Covid isolation face the prospect of paying sky-high airfares after the government said it will scrap hotel quarantine on September 26. Weeks after Cathay Pacific Airways Ltd, bruised by the city’s strict pandemic strategy, pleaded publicly for a roadmap to exit Covid, the Asian financial hub’s about-turn on ...

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• 24 September

  Boeing to pay $200m to settle SEC investigation over 737 Max

  

    Bloomberg Boeing Co agreed to pay $200 million to settle Securities and Exchange Commission (SEC) allegations that the company and its former CEO Dennis Muilenburg failed to disclose safety issues with its 737 Max jetliner, resolving one of the final US investigations related to two crashes that killed 346 people. The settlement, announced by the SEC, concludes a probe ...

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• 24 September

  Made.com seeks buyer due to inflation

  

  Bloomberg Online furniture store Made.com Group Plc put itself up for sale after the cost-of-living crisis and supply-chain snarls severely disrupted a business that boomed during Covid-19 lockdowns. The UK company kicked off a strategic review, saying it hasn’t received any formal offers. Made.com said it’s considering debt financing, taking on a business partner or a complete sale or merger. ...

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• 24 September

  IndiGo starts new direct Mumbai-Ras Al Khaimah flights

  

    Ras Al Khaimah / Gulf Time IndiGo, India’s leading carrier, has commenced new daily direct flights between Mumbai and Ras Al Khaimah. Ras Al Khaimah is the 100th overall destination and 11th in Middle East in 6E network. Ras Al Khaimah was also named as Gulf Tourism Capital for the year 2020 and 2021 by Gulf Cooperation Council. The ...

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• 24 September

  Russia stages ‘referendums’ to annex occupied Ukraine lands

  

  Bloomberg Russia on Friday began staging UN-condemned “votes” on annexing the roughly fifth of neighboring Ukraine it occupies in a step that marks a new escalation in the spiraling conflict between President Vladimir Putin and the US and its allies. Russian state media reported overwhelming support for accession to Russia in the four regions that its troops partially control, according ...

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