September, 2022

• 16 September

  California suit says ‘Amazon keeps prices artificially high’

  

  Bloomberg California sued Amazon.com Inc, saying the company forces third-party merchants to agree to policies that lead to “artificially high prices” for consumers. State Attorney General Rob Bonta announced the antitrust suit challenging Amazon merchant agreements that bar sellers from offering lower prices on other sites and impose stiff penalties if they do. He said the agreements block competition from ...

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• 16 September

  H&M sales miss target amid cost-of-living crisis

  

    Bloomberg Hennes & Mauritz AB sales declined more than expected over the summer as the Swedish retailer fell further behind rival Zara amid a growing cost-of-living crisis across Europe. Revenue dropped 4% excluding currency shifts in the three months through August, the Swedish retailer said. Analysts had expected a decline of 1.4%. That’s the first retreat in six quarters. ...

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• 16 September

  Heathrow flights face disruption to avoid British Queen’s cortege

  

  Bloomberg Flights from London Heathrow airport will be disrupted during the transfer of Queen Elizabeth II’s coffin for her lying-in-state, with more upheaval likely next week when her funeral takes place. Departures face delays and adjustments for almost two hours from September 14, Heathrow said. The measures are aimed at ensuring an absence of jet-engine noise as a gun carriage ...

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• 16 September

  Holiday sales growth to slow to 4-6% as inflation takes toll

  

  Bloomberg Deloitte expects retailers will see slower volume gains this holiday season, from November through January, as a result of the US economic slowdown. “Retail sales are likely to be further affected by declining demand for durable consumer goods, which had been the centerpiece of pandemic spending,” Daniel Bachman, Deloitte’s US economic forecaster, said in a statement. “However, we anticipate ...

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• 16 September

  Passengers evacuated after Air India engine bursts into flames

    Bloomberg More than a hundred passengers were evacuated from a Boeing Co 737-800 operated by Air India Express Ltd after one of its engines caught fire while the aircraft was taxiing to take off from Muscat, the capital of Oman. Everyone got off the plane safely and the jet was left parked on the airport runway, according to Arun ...

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• 16 September

  Wizz to order 75 more jets in expansion spree

    Bloomberg Wizz Air Holdings Plc plans to order 75 Airbus SE narrow-body jets as the discount carrier doubles down on its rapid expansion in a challenge to sector leader Ryanair Holdings Plc. Wizz will exercise purchase rights for the A321neo jets granted by the manufacturer last year, it said in a statement. Delivery dates are subject to agreement. Eastern ...

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• 16 September

  Putin tells Xi he understands China ‘concerns’ over invasion of Ukraine

  

  Bloomberg Russian President Vladimir Putin told his counterpart Xi Jinping he understands Beijing’s “questions and concerns” about his invasion of Ukraine, as the Chinese leader said the two countries could “inject stability and positive energy to a world in chaos.” In their first in-person talks since the war began, Putin hailed “the balanced position of our Chinese friends on the ...

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• 16 September

  Modi’s outreach to Putin risks putting India in US crosshairs

  

  Bloomberg As Indian Prime Minister Narendra Modi meets Russia’s Vladimir Putin and attends a summit with China’s Xi Jinping on Friday, he’ll need to avoid looking too chummy with the US’s two top adversaries. Modi’s face-to-face meeting with Putin will take place Friday in Uzbekistan, where a host of leaders are gathering for a summit of the Chinese-founded Shanghai Cooperation ...

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• 16 September

  Sweden’s opposition prepares power shift

  

  Bloomberg Swedish right-wing opposition parties are stepping up negotiations on forming a new government, after Prime Minister Magdalena Andersson tendered her resignation on Thursday. The Social Democrat leader has conceded defeat in Sunday’s election, and Moderate Party leader Ulf Kristersson will now try to forge an agreement with three parties that backed his candidacy. They include the anti-immigrant Sweden Democrats, ...

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• 16 September

  US railroads, unions reach tentative deal to avert strike

  

    Bloomberg US railroads and unions reached a tentative deal on Thursday, a breakthrough that looks to avert a labour disruption that risked adding supply-chain strains to the world’s largest economy. After 20 straight hours in the latest round of talks — which included President Joe Biden and other administration officials — the companies and union negotiators reached a preliminary ...

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