September, 2022

• 17 September

  Netherlands buys up diesel before winter, sanctions on Russia

  

    Bloomberg The Netherlands is purchasing millions of barrels of diesel in preparation for what is set to be a winter like no other. The country’s petroleum stockpiling agency, COVA, has issued tenders seeking more than three million barrels of diesel for delivery before the end of the year, with potentially more to come. That comes as the European Union ...

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• 17 September

  A weakened Vladimir Putin is no use to Russia

  

  As Ukrainian troops probe Russian defenses along the entire front and only the Wagner Group mercenaries continue a small-scale offensive operation in the Donetsk region, the initiative in the Russo-Ukrainian war is firmly in the hands of the invaded, not the invader. While that can still change, perhaps more than once, it’s a good moment to consider whether the man ...

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• 17 September

  Will Wisconsin’s India trip be great?

  

  The project is fantastical: A $19 billion investment into semiconductor and display-panel sectors, with the creation of 100,000 jobs in a state with little experience in technology manufacturing. If voters and taxpayers in India’s northwestern Gujarat state are excited about this “landmark investment” they ought to read up on recent Wisconsin history. The US state bought into a similar pipe ...

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• 17 September

  RBA faces much bigger shock than inflation

    If ever there was a time for the best and brightest to make policy, the epic struggle underway against inflation might be a good one. Yet Australia’s central bank is shackled to an anachronistic personnel selection that has left it hostage to an era when little scrutiny was expected — or demanded. Some change is almost certainly coming, but ...

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• 17 September

  Microsoft deal a tough target for trustbusters

    The UK is taking on a tough target in challenging Microsoft Corp’s $69 billion acquisition of video-game publisher Activision Blizzard Inc. While US and European regulators have yet to opine on the transaction, competition watchdogs are generally becoming more interventionist — especially in the case of tech giants. This deal offers a possible high-profile scalp. Enter the UK Competition ...

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• 17 September

  Air Canada says short-haul future includes electric jets

  

    Bloomberg The head of Air Canada says the carrier will be able to offer zero-emission electric flights to customers in Canada as soon as 2028. The airline said it will purchase 30 ES-30 electric-hybrid aircraft for an undisclosed amount. The planes, which are being developed by Sweden-based Heart Aerospace AB, are “much more cost efficient” and could help the ...

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• 17 September

  Garuda may remove first class seats in domestic bet

  

    Bloomberg Distressed airline PT Garuda Indonesia may stop selling first class tickets as it focuses on flying local. The state-owned carrier will concentrate on business, premium economy and economy seats because it is more suitable for the market, State Enterprises Minister Erick Thohir said. He reiterated that Garuda will stop most international routes to cut costs, except for a ...

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• 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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