September, 2022

• 12 September

  Dump debt ceiling before GOP wins the House

    It’s time: Congressional Democrats need to get the ball rolling on ending the risk of defaulting on the nation’s debt. If they don’t tackle this before the current term ends, we run the risk that a Republican House majority will be irresponsible enough to allow a default to happen. That’s why the Democrats should seize the opportunity during the ...

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• 12 September

  Pinduoduo emerges as big winner in Covid-zero China

  

    Bloomberg As Chinese consumers curb their spending in a pandemic-stricken economy, one discount e-commerce firm is emerging as a clear stock-market winner. Shares of Pinduoduo Inc, which sells everything from groceries to beauty products, have soared 43% over the past month, ranking as the top performer in the Nasdaq Golden Dragon China Index, which has slipped 0.9%. The stock ...

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• 12 September

  NTSB set to investigate civilian space crashes

  

  Bloomberg US officials have agreed on an updated framework for investigating major accidents in the commercial space industry as human tourism and flights hauling hardware into orbit expand rapidly. The National Transportation Safety Board (NTSB), the independent agency that leads investigations into plane crashes, will conduct similar reviews for mishaps involving private sector rockets and space capsules, according to an ...

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• 12 September

  Asos warns of weak sales as inflation hits clothes shopping

  

    Bloomberg British fast-fashion company Asos Plc warned that sales in August were weaker than expected as inflation crimped shoppers’ purchasing power. Full-year profit will come in at the lower end of guidance, with sales growth of only about 2%, according to a statement. The online retailer also cited a slow start to its autumn/winter ranges. “Asos remains cautious about ...

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• 12 September

  Hong Kong relaxes its Covid travel restrictions at airport

  

    Bloomberg Hong Kong will end temperature checks for some passengers at its international airport, and relax quarantine requirements for local air crews, after some of the city’s most prominent voices called for an end to virus-related travel restrictions. Starting from September 10, transiting and outbound passengers at Hong Kong International Airport — except for those bound for China — ...

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• 12 September

  August’s commercial flights in EU closer to 2019 figures

    BRUSSELS / WAM In August 2022, the number of commercial flights in the EU increased by 25% compared with August 2021,according to monthly flight data published by Eurostat. While this is still below the pre-pandemic levels, the gap is slowly closing (-14% compared with August 2019). In absolute terms, the number of commercial flights stood at 596 930 in ...

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• 12 September

  Japan plans to scrap daily arrival cap by Oct

    Bloomberg Japan is making arrangements to end its daily limit on arrivals from overseas by October, and will consider removing other remaining barriers to foreign tourism at the same time, the Nikkei reported without saying where it obtained the information. The removal of the 50,000 people-per-day cap alone won’t return Japan’s border to its pre-Covid openness, as non-resident foreigners ...

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• 12 September

  Russian defenses crumble as Ukraine retakes key territory

  

    Bloomberg Ukraine’s forces continued their rapid advance in the Kharkiv region on Sunday, exploiting an extraordinary collapse of Russian defenses and raising the question of how far they can go. Unconfirmed reports overnight suggested Kyiv’s troops had taken Velykyi Burluk, a town about 90 kilometers (56 miles) east of Kharkiv and not far from the Russia-Ukraine border. The town ...

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• 12 September

  Queen’s funeral set for September 19; Charles takes the throne

  

  Bloomberg Queen Elizabeth II, Great Britain’s longest-serving monarch, will be laid to rest on Sept. 19, Buckingham Palace announced, hours after her son was officially proclaimed King Charles III. The funeral, which will be designated a national holiday, will be held at Westminster Abbey in London, the Palace said in a statement. Over the course of the next week, the ...

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• 12 September

  Italy’s next leaders face grim outlook as Draghi stint nears end

  

  Bloomberg The winners of Italy’s September 25 election will take charge of an economy still warm from a summer boom, but with darkening prospects. High debt, an inflation shock, weak growth, an aging population and stubborn North-South disparities may greet the center-right coalition led by Brothers of Italy Leader Giorgia Meloni. Opinion polls before a blackout period showed her alliance ...

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