September, 2022

• 8 September

  Taiwan to resume visa free travel for some countries

  

  Bloomberg Taiwan will resume visa-free entry for travellers from countries it currently shares diplomatic ties with but will maintain a three-day quarantine requirement as the island takes halting steps towards easing its Covid-restrictions. Arrivals from more than 60 countries — including the US, UK and Australia — are eligible for visa-free entry starting September 12, though the duration of their ...

  Read More »
• 8 September

  Iceland Foods debt rebounds over UK energy support plans

  

  Bloomberg British budget grocery chain Iceland Foods saw its debt bounce off recent lows after UK Prime Minister Liz Truss finalised plans for a £40 billion ($46 billion) support package to lower energy bills for British businesses. Iceland’s £550 million of bonds maturing in March 2025 rose by as much as 1.8 pence on the pound to a cash price ...

  Read More »
• 8 September

  Instacart acquires AI-powered pricing platform Eversight

  

    Bloomberg Instacart Inc is acquiring Eversight Inc, a platform that helps retailers and packaged-goods brands determine pricing and set promotions, as it seeks to expand its technology offerings to grocers. “When it comes to grocery shopping, we know that every dollar matters. With higher inflation and the average cost of groceries up, we’re taking even more steps to make ...

  Read More »
• 8 September

  Lululemon Athletica raises full-year earnings forecast

    Bloomberg Lululemon Athletica Inc raised its full-year outlook, the latest sign that consumer demand among high-income shoppers remains strong even as inflation hurts purchasing power in other demographics. The maker of yoga pants and high-priced exercise attire now sees its full-year sales in a range of $7.87 billion to $7.94 billion, up from the previous range that had $7.71 ...

  Read More »
• 8 September

  Bed Bath & Beyond names interim CFO

    Bloomberg Bed Bath & Beyond Inc. promoted its chief accounting officer to interim chief financial officer after the death of former finance chief Gustavo Arnal. Laura Crossen, the company’s senior vice president of finance and chief accounting officer, has taken over the position, Bed Bath & Beyond said in a statement. She will continue as principal accounting officer. Arnal, ...

  Read More »
• 8 September

  Defiant Putin says his war in Ukraine will strengthen Russia

  

  Bloomberg President Vladimir Putin said Russia will emerge stronger from his invasion of Ukraine as he lashed out at US and European “sanctions fever” in response to the war. “I’m sure that we’ve lost nothing and won’t lose anything,” Putin said at the Eastern Economic Forum in Vladivistok on Wednesday, after he was asked about the conflict in Ukraine by ...

  Read More »
• 8 September

  Baltics reach deal on Russia visa entry ban by mid-September

    Bloomberg The European Union’s Baltic members agreed to coordinate a visa ban for most Russian citizens at their borders and will aim to pass national measures by mid-September. The move would further complicate access to the EU for Russian holders of Schengen visas to travel throughout the bloc’s visa-free travel zone. Latvia and Estonia are finalizing the details of ...

  Read More »
• 8 September

  Iraq court rejects bid to dissolve parliament, risking unrest

    Bloomberg Iraq’s top court rejected a bid by influential cleric Moqtada Al-Sadr to dissolve parliament in the OPEC member state, a move that could spark further unrest after last month’s deadly clashes over the political standoff in Baghdad. The Federal Supreme Court rebuffed the demand on Wednesday, Iraq’s state news agency said. Iraq has been at a political impasse ...

  Read More »
• 8 September

  Greece says Turkish rhetoric risks escalation

  

  Bloomberg Greece accused Turkey of “extremely aggressive rhetoric” that risks destabilizing the region and weakening Nato, the latest bout in an escalating war of words between the two Nato allies over tensions in the Aegean Sea. “We risk witnessing again a situation similar to that currently unfolding in some other part of our Continent,” Greek Foreign Minister Nikos Dendias wrote ...

  Read More »
• 8 September

  Brazil deploys 10,000 cops in capital before Bolsonaro rally

    Bloomberg Brazil’s Supreme Court, which has become the main target of President Jair Bolsonaro’s fiery rhetoric, reinforced its security to avoid a potential attack during demonstrations expected in the nation’s capital on Wednesday. Around 10,000 police officers have been deployed to prevent riots in Brasilia, where Bolsonaro supporters will hold pro-government rallies following an Independence Day military parade. An ...

  Read More »