September, 2022

• 6 September

  Flight delays prompt revamp of airline meal, hotel offerings in US

  

    Bloomberg Passengers finding themselves with a lengthy delay or cancelled flight have a new way to check what they can get from airlines, ahead of an expected travel rush for Labour Day weekend. The Biden administration launched a dashboard where passengers can check if airlines will provide meals, rebooking, or hotel rooms when flights are delayed or cancelled because ...

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• 6 September

  UK supermarket offers instalment-plan loans for groceries

  

    Bloomberg Tens of thousands of applications for a payment-by-instalment plan have flooded into a British budget grocery chain just two weeks after its launch, as a cost of living crisis crushes UK household incomes. Customers of Iceland Foods have sent in around 60,000 applications so far, more than the total number of loans the credit provider behind the initiative ...

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• 6 September

  Samsung Electronics credit risk falls

    Bloomberg Samsung Electronics Co.’s credit risk falls after Moody’s Investors Service lifted its rating to the same level as the South Korean government, citing the company’s profitability and strong finances. The senior unsecured debt rating of Korea’s biggest company was raised to Aa2, the third highest level, from Aa3, Moody’s said. The cost to insure the technology giant’s debt ...

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• 6 September

  Liz Truss wins contest to become Britain’s next PM

  

  Bloomberg Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. The foreign secretary, 47, emerged victorious on Monday after a two-month Conservative Party leadership contest that started with 11 candidates and concluded with ...

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• 6 September

  Suicide bomber near Russian embassy in Kabul kills two staff

  

    Bloomberg An explosion outside the Russian embassy in Kabul killed a senior diplomat and a security guard, Russia said. A Taliban spokesman confirmed the blast. “An unknown gunman detonated an explosive device in the immediate vicinity of the entrance to the consular section of the Russian Embassy in Kabul,” the Russian Foreign Ministry said in a statement Monday. “Two ...

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• 6 September

  UK’s Rwanda policy challenged in court by migrants

  

  Bloomberg The UK government’s plan to deport asylum seekers to Rwanda has come under a legal attack by a group of refugees who condemned the country as “authoritarian,” in the latest bid to topple one of outgoing Prime Minister Boris Johnson’s most controversial policies. The asylum seekers kicked off their battle Monday at London’s High Court, arguing that the policy ...

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• 6 September

  Pakistan military lashes out at Imran Khan, raising tensions

  

  Bloomberg Pakistan’s military shot back at former Prime Minister Imran Khan after he accused the government of delaying fresh elections until after a new army chief is appointed in November, further raising political tensions in the South Asian nation. At a rally on Sunday, Khan alleged that Prime Minister Shehbaz Sharif and his allies “want their man because they have ...

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• 6 September

  Germany takes aim at cost of living crisis in $65 billion plan

  

  Bloomberg German Chancellor Olaf Scholz’s coalition agreed on a relief plan worth about 65 billion euros ($65 billion) to help millions of households struggling with soaring prices amid Europe’s harshest energy crunch in decades. Key measures include a vow to cap — and even redistribute — huge profits made by energy companies on the back of the current crisis; increased ...

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• 6 September

  US added 315,000 jobs in August, wages rise

  

    Bloomberg US employers added a healthy number of jobs in August and a steady stream of people entering the workforce lifted the unemployment rate, suggesting some easing in the tight labor market and offering mixed implications for the Federal Reserve. Nonfarm payrolls increased 315,000 last month following a revised 526,000 advance in July, a Labor Department report showed. The ...

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• 6 September

  Toronto home prices fall for fifth straight month

  

    Bloomberg Toronto home prices fall for a fifth straight month, the longest skid since 2017, as the property market adjusts to sharply higher interest rates from the Bank of Canada. The benchmark price for a home in Canada’s largest city dropped 2.8% in August compared with the month before to reach C$1.12 million ($854,000), according to data by the ...

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