September, 2022

• 8 September

  Nasa’s Artemis rocket a biggest waste of money

    For the second time in a week, Nasa scrubbed the launch of the Space Launch System designed to return Americans to the moon. First conceived in 2010, and initially scheduled to have its first test flight in 2017, the rocket is now scheduled to take off no earlier than late September, and possibly much later. Nasa, for its part, ...

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• 8 September

  Lufthansa averts pilots’ strike after last-minute pay raise offer

  

  Bloomberg Deutsche Lufthansa AG averted a disruptive pilot strike after raising its pay offer, a move that will avoid cancellations while complicating the airline’s efforts to boost profit and pay down debt. The VC pilots union spokesman said the union decided to call off a planned two-day walkout after Lufthansa improved its offer. The union didn’t immediately comment on terms ...

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• 8 September

  Taiwan to resume visa free travel for some countries

  

  Bloomberg Taiwan will resume visa-free entry for travellers from countries it currently shares diplomatic ties with but will maintain a three-day quarantine requirement as the island takes halting steps towards easing its Covid-restrictions. Arrivals from more than 60 countries — including the US, UK and Australia — are eligible for visa-free entry starting September 12, though the duration of their ...

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• 8 September

  Iceland Foods debt rebounds over UK energy support plans

  

  Bloomberg British budget grocery chain Iceland Foods saw its debt bounce off recent lows after UK Prime Minister Liz Truss finalised plans for a £40 billion ($46 billion) support package to lower energy bills for British businesses. Iceland’s £550 million of bonds maturing in March 2025 rose by as much as 1.8 pence on the pound to a cash price ...

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• 8 September

  Instacart acquires AI-powered pricing platform Eversight

  

    Bloomberg Instacart Inc is acquiring Eversight Inc, a platform that helps retailers and packaged-goods brands determine pricing and set promotions, as it seeks to expand its technology offerings to grocers. “When it comes to grocery shopping, we know that every dollar matters. With higher inflation and the average cost of groceries up, we’re taking even more steps to make ...

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• 8 September

  Lululemon Athletica raises full-year earnings forecast

    Bloomberg Lululemon Athletica Inc raised its full-year outlook, the latest sign that consumer demand among high-income shoppers remains strong even as inflation hurts purchasing power in other demographics. The maker of yoga pants and high-priced exercise attire now sees its full-year sales in a range of $7.87 billion to $7.94 billion, up from the previous range that had $7.71 ...

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• 8 September

  Bed Bath & Beyond names interim CFO

    Bloomberg Bed Bath & Beyond Inc. promoted its chief accounting officer to interim chief financial officer after the death of former finance chief Gustavo Arnal. Laura Crossen, the company’s senior vice president of finance and chief accounting officer, has taken over the position, Bed Bath & Beyond said in a statement. She will continue as principal accounting officer. Arnal, ...

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• 8 September

  Defiant Putin says his war in Ukraine will strengthen Russia

  

  Bloomberg President Vladimir Putin said Russia will emerge stronger from his invasion of Ukraine as he lashed out at US and European “sanctions fever” in response to the war. “I’m sure that we’ve lost nothing and won’t lose anything,” Putin said at the Eastern Economic Forum in Vladivistok on Wednesday, after he was asked about the conflict in Ukraine by ...

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• 8 September

  Baltics reach deal on Russia visa entry ban by mid-September

    Bloomberg The European Union’s Baltic members agreed to coordinate a visa ban for most Russian citizens at their borders and will aim to pass national measures by mid-September. The move would further complicate access to the EU for Russian holders of Schengen visas to travel throughout the bloc’s visa-free travel zone. Latvia and Estonia are finalizing the details of ...

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• 8 September

  Iraq court rejects bid to dissolve parliament, risking unrest

    Bloomberg Iraq’s top court rejected a bid by influential cleric Moqtada Al-Sadr to dissolve parliament in the OPEC member state, a move that could spark further unrest after last month’s deadly clashes over the political standoff in Baghdad. The Federal Supreme Court rebuffed the demand on Wednesday, Iraq’s state news agency said. Iraq has been at a political impasse ...

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