September, 2022

• 17 September

  UK retail sales drop most this year over cost-of-living crisis

  

  Bloomberg UK retail sales fell at the sharpest pace in eight months in August as a worsening cost-of-living crisis and plunging confidence forced consumers to cut back on spending. The 1.6% drop was more than three times the decline predicted by economists and reflects the squeeze on households from soaring energy bills and inflation near a 40-year high. All retail ...

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• 17 September

  SAS confident for winter over funding, travel rebounds

  

  Bloomberg SAS AB Chief Executive Officer Anko van der Werff said he’s confident the Scandinavian airline will emerge successfully from a Chapter 11 restructuring after winning clearance for a $700 million financing package and seeing a rebound in its own performance. Approval for the Apollo Global Management funding from a US bankruptcy judge is “the biggest and most important news” ...

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• 17 September

  BA halts 100 flights to damp noise at Royal state funeral

    Bloomberg British Airways will scrap 100 flights from its London Heathrow base on Monday and re-time others as the airport, airlines and air traffic controllers work to minimise noise during Queen Elizabeth II’s state funeral. About 15% of Heathrow’s schedule will be altered, according to the hub, with flights halted for various durations through the day. There will be ...

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• 17 September

  Amsterdam Airport’s CEO to step down

    Bloomberg Schiphol Airport’s Dick Benschop is stepping down as chief executive of the Dutch hub as the airport continues to struggle with long lines and flight cancellations caused by a staffing shortage. Benschop informed Royal Schiphol Group NV’s supervisory board on Wednesday that he is resigning from his role as president-director and chief executive. Benschop will stay on in ...

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• 17 September

  Putin’s Taiwan stand outweighs any Xi concerns about Ukraine

  

  Bloomberg Even as Vladimir Putin admitted that Xi Jinping had concerns about the war in Ukraine, the Russian leader’s comments on Taiwan may ultimately matter more to his Chinese counterpart. During their first in-person talks since the Ukraine war began, Putin on Thursday blasted what he called “provocations by the US and its satellites in the Taiwan Strait,” while reiterating ...

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• 17 September

  South Korea, China to ‘closely communicate’ on US missile shield

  

  Bloomberg South Korean President Yoon Suk Yeol told Li Zhanshu, China’s top legislator, that he doesn’t want a US-made missile shield deployed by Seoul to become “an obstacle to relations” after Beijing slammed its use. The talks on Friday in Seoul with China’s National People’s Congress chairman took place after Yoon floated expanding the system known as Thaad — Terminal ...

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• 17 September

  Baku, Yerevan say truce holds after clashes

  

  Bloomberg Azerbaijan and Armenia reported that a truce appeared to be holding after border clashes that killed more than 200 troops on both sides in the worst fighting between the Caucasus neighbors since a 2020 war. Armenian Prime Minister Nikol Pashinyan said the situation remained “very tense” in separate calls with US Secretary of State Antony Blinken, Russian President Vladimir ...

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• 17 September

  Bolsonaro’s late push fails to win new support: Poll

    Bloomberg President Jair Bolsonaro’s late-campaign push looks to have fizzled for now, apparently leaving him a bit further behind challenger Luiz Inacio Lula da Silva just two weeks before Brazilians cast their ballots, according to the latest DataFolha poll. Lula would take 45% of the first-round vote, holding firm from a week ago. Bolsonaro would win 33%, down a ...

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• 17 September

  Miles of mourners form orderly queue to say goodbye to Queen

  

  Bloomberg In the oldest part of Parliament, Queen Elizabeth II’s coffin lies guarded by iconic ‘Beefeaters’ and other members of Britain’s military elite —the silence in cavernous Westminster Hall broken only by the sound of metal and boot on stone when the watch changes at 20-minute intervals. On either side, people in T-shirts and jeans, or work suits, or shorts ...

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• 17 September

  Credit Suisse’s SPG unit draws interest from both Apollo, BNP

  

  Bloomberg Apollo Global Management Inc and BNP Paribas SA are among investors showing interest in acquiring at least part of Credit Suisse Group AG securitised products group, people with knowledge of the matter said. The Zurich-based firm is exploring deals to sell the entire business, while potential investors may pitch to acquire specific portfolios or risk classes, the people said, ...

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