September, 2022

• 10 September

  Farewell to the Queen, a monarch for the ages

    The death of Queen Elizabeth II on Thursday marks the end not just of an era spanning seven decades, but of one of the most remarkable public careers in modern history. Amid war, geopolitical upheaval, social turmoil and technological revolution, the queen’s decency and grace brought stability to Britain and endeared her to generations all over the world. It’s ...

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• 10 September

  United threatens to halt JFK service without more flights

  

    Bloomberg United Airlines Holdings Inc threatened to suspend service at New York’s John F. Kennedy International Airport unless federal regulators review runway use and allow the carrier to increase daily operations. The airport’s total flight capacity hasn’t changed since 2008, despite a widening of runways and other infrastructure improvements, United told employees in a memo about its plan. The ...

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• 10 September

  Travel industry revival shows US consumers are willing to spend

  

  Bloomberg News from several travel-related companies shows consumer spending is healthy. Demand is high, and the industry is rebounding as pandemic era troubles subside. United Airlines boosted its sales and margin outlooks, citing strong demand in the wake of a “robust” summer. Travel and tourism firm Sabre said air bookings and passengers boarded in late August reached the highest levels ...

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• 10 September

  FAA tightens oversight of Boeing design after crashes of 737 MAX

  

    Bloomberg Employees at Boeing Co and other manufacturers will be given new protections against company interference as federal regulators continue to tighten oversight of aircraft development following a pair of crashes of 737 Max jets. The latest rules apply to engineers who are deputised by the US Federal Aviation Administration (FAA) to review the safety of aircraft designs. Any ...

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• 10 September

  Primark drags down AB Foods outlook as energy costs rise

  

    Bloomberg Associated British Foods Plc (AB Foods) warned profit will decline in the next fiscal year as rising energy costs and the strengthening of the dollar weigh on the Primark value fashion chain. The UK conglomerate said Primark, which generates most of the group’s profit, is experiencing unprecedented volatility and its operating margin will fall next year, despite recent ...

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• 10 September

  Gangwal family eyes $250m from share sale in Indigo

    Bloomberg Rakesh Gangwal, the billionaire co-founder of India’s largest airline by market value, has offered to sell part of his family’s stake in IndiGo for around $250 million, possibly putting to rest a three-year old dispute between the owners. The Gangwal family is offering as many as 10.8 million shares in InterGlobe Aviation Ltd. at a floor price of ...

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• 10 September

  Fashion startup Pomelo cuts 8% of staff

    Bloomberg Thai e-commerce startup Pomelo Fashion is cutting staff across its functions, joining other tech firms downsizing this year in a bid to withstand an economic slowdown. The online fashion retailer cut about 55 employees, or 8% of its headcount, it said. The company said it has streamlined its processes “to move towards more sustainable growth.” The Bangkok-based startup ...

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• 10 September

  The world mourns Queen Elizabeth II

  

  Bloomberg The death of Queen Elizabeth II prompted an outpouring of condolences from global leaders, many noting that her long reign provided constancy to a world beset by wars, a pandemic and other crises. US President Joe Biden said she “defined an era.” “In a world of constant change, she was a steadying presence and a source of comfort and ...

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• 10 September

  North Korea allows ‘automatic’ nuclear strikes

  

  Bloomberg Kim Jong Un expanded the circumstances under which North Korea would launch a nuclear strike — including attacking automatically if his leadership is threatened — further raising the stakes for any military confrontation with the US and its allies. North Korea laid out its new nuclear doctrine in a law approved by the Supreme People’s Congress in Pyongyang, according ...

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• 10 September

  Trump’s lawsuit against Hillary Clinton dismissed

    Bloomberg A federal judge in Florida dismissed a lawsuit filed by former president Donald Trump that blamed Hillary Clinton and others for conspiring to malign his character. Trump’s suit accused more than two dozen defendants of orchestrating “a malicious conspiracy to disseminate patently false and injurious information about Donald J. Trump and his campaign, all in the hopes of ...

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