September, 2022

• 12 September

  August’s commercial flights in EU closer to 2019 figures

    BRUSSELS / WAM In August 2022, the number of commercial flights in the EU increased by 25% compared with August 2021,according to monthly flight data published by Eurostat. While this is still below the pre-pandemic levels, the gap is slowly closing (-14% compared with August 2019). In absolute terms, the number of commercial flights stood at 596 930 in ...

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• 12 September

  Japan plans to scrap daily arrival cap by Oct

    Bloomberg Japan is making arrangements to end its daily limit on arrivals from overseas by October, and will consider removing other remaining barriers to foreign tourism at the same time, the Nikkei reported without saying where it obtained the information. The removal of the 50,000 people-per-day cap alone won’t return Japan’s border to its pre-Covid openness, as non-resident foreigners ...

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• 12 September

  ECB intensifying its scrutiny of banks’ response to energy crisis

  

  Bloomberg The European Central Bank (ECB) is intensifying discussions with bank executives over their readiness for a potential surge in company defaults and a drying-up of energy-market liquidity, amid the worsening stand-off over Russian gas supplies. The Frankfurt-based bank watchdog wrote to lenders last month, telling them to analyse the impact of a gas stoppage on their businesses, according to ...

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• 12 September

  Argentina’s Uala eyes Mexico remittances

  

    Bloomberg Argentine fintech Uala will allow clients in Mexico to receive money from abroad starting as it taps the fast-growing remittances market, which is expected to reach $60 billion in this year. The new service will be operated by Mexican bank ABC Capital, whose acquisition by Uala was announced in November, with the aim of expanding its financial services ...

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• 12 September

  Bitcoin gains most since July, breaks trading range

    Bloomberg Bitcoin rallied the most since July, breaking out of the narrowest trading range in about two years, as a drop in the dollar renewed demand for battered risk assets worldwide. The largest cryptocurrency by market value advanced as much as 10.1% to $21 in New York. The increase was the most since July 19. Bitcoin is outperforming most ...

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• 12 September

  India’s Tata in talks to join club of iPhone makers

  

  Bloomberg Tata Group is in talks with a Taiwanese supplier to Apple Inc to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country. The discussions with Wistron Corp are aimed at making Tata a force in technology manufacturing, and the Indian salt-to-software conglomerate wants to tap the Taiwanese company’s expertise in product ...

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• 12 September

  Tesla’s EV battery supplier in China operating under Covid restrictions

  

  Bloomberg The world’s biggest maker of batteries for electric cars said its largest plant in China is now operating a factory bubble as the city where it’s located is locked down to comply with Beijing’s zero-tolerance pandemic curbs. Contemporary Amperex Technology Co’s factory in Yibin has imposed a so-called closed loop system that will enable it to operate “in an ...

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• 12 September

  BMW touts ‘tech leap’ of longer-range, faster-charging batteries

  

  Bloomberg BMW AG plans to buy electric-vehicle batteries from six new factories to be set up and run by companies including Contemporary Amperex Technology Co Ltd and Eve Energy Co as the world’s biggest luxury-car maker attempts to overhaul its supply chain. Two plants each in Europe, China and North America will produce round lithium-ion cells that enable longer ranges ...

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• 12 September

  Porsche mulls entry into F1 racing series

    Bloomberg Porsche said it’s still mulling an entry into the Formula 1 racing series after ending months of talks with Red Bull GmbH as a potential partner. Discussions faltered after the pair couldn’t agree on an “equal footing” on engine collaboration and team partnership, Porsche said. The stalling of the sports-car maker’s F1 aspirations come within weeks of Volkswagen ...

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• 10 September

  Gazprom to shift gas sales to China to rubles, yuan from euro

  

  Bloomberg Gazprom PJSC said it will shift its contract to supply gas to China to rubles and yuan from euros, as the Kremlin steps up efforts to move trade out of currencies it considers “unfriendly” amid US and European sanctions. The state-run gas giant signed an additional agreement to its existing contract with China National Petroleum Corp on the issue, ...

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