June, 2022

• 15 June

  Canada to end vaccine rule for air travel

  

    Bloomberg Canada plans to end Covid-19 vaccine mandates for domestic air and rail travel, as well as outbound international travel, CBC News reported, citing people with direct knowledge of the decision. An announcement was expected on Tuesday. The government may reinstate the vaccine requirement if there’s a new variant of the virus, CBC reported. Prime Minister Justin Trudeau’s government …

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• 15 June

  AirAsia turns to India to fill gap left by China tourists

    Bloomberg With the major tourism market of China still mostly sealed off from the rest of the world, AirAsia, the budget carrier of Capital A Bhd, is turning to India to make up the shortfall. “India is definitely a very, very important market,” AirAsia Malaysia Chief Executive Officer Riad Asmat said on the sidelines of the Aviation Festival Asia …

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• 15 June

  Louis Vuitton to open Saint-Tropez restaurant for summer

  

    Bloomberg Louis Vuitton is set to open its first restaurant in France, just in time for the summer season. The fashion brand owned by the luxury conglomerate LVMH SE is opening the dining spot, to be called Mory Sacko at Louis Vuitton, in the Riviera town of Saint-Tropez on June 17. The 40-seat spot with outdoor dining will be …

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• 14 June

  US futures pare gains as European stocks retreat

  

    Bloomberg US equity futures pared gains on Tuesday and a rebound in European stocks proved short-lived, suggesting markets aren’t out of the woods after a rout driven by expectations of sharper Federal Reserve interest-rate hikes to fight inflation. S&P 500 contracts came off session highs to trade around 0.5%, signalling some relief after the plunge that erased $1.3 trillion …

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• 14 June

  RBI assurance may not ease India bond selloff, says top fund

  

    Bloomberg Indian central bank’s verbal pledge to support a record government-borrowing program hasn’t been backed by actions so far and that may lead to a deeper selloff in the bond market, according to a top fund manager. The RBI “has just started doing a little bit of open-mouth operations in the sense they want the yield curve to behave …

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• 14 June

  Tenders worth $6 billion awarded in Kuwait in ’21

  

    Kuwait/ WAM The Central Agency for Public Tenders of Kuwait (CAPT) has stated that the agency awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuna that number of awarded tenders has been mounting on an annual basis, however, the total sum of offers reached, in 2020, only 98 ones, worth approx $1 billion, …

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• 14 June

  Branson sees Brexit Britain in doldrums amid travel chaos

  

  Bloomberg It’s not easy to wipe the trademark grin off Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country. Speaking in Texas about Virgin Atlantic Airways’ bid to tap Austin’s tech boom with its first flights to the state, Branson’s ebullience fades when the conversation switches to the economic squeeze and …

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• 14 June

  Ryanair’s Spanish cabin crew call for 6-day strike

  

  Bloomberg Ryanair Holdings Plc’s Spanish cabin crew unions have announced a strike in late June and early July after pay talks fell apart. Workers are set to strike on June 24, 25, 26 and 30, as well as on July 1 and 2, officials for the main Spanish crew unions USO and SITCPLA said in a press conference in Madrid. …

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• 14 June

  America’s inventory glut may look great for Overstock.com

  

    Bloomberg Overstock.com Inc is poised to take advantage of the inventory glut plaguing retailers like Target Corp and Walmart Inc. The e-commerce company specialises in helping chains liquidate slow-moving merchandise, and now it will have more opportunities than usual. US retailers racked up excess goods to ensure shelves stayed full during the pandemic. But now shoppers have shifted spending …

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• 14 June

  Changi Airport to reopen its terminals to meet demand

  

    Bloomberg Singapore’s Changi Airport will reopen two of its terminals that were shuttered due to Covid-19 as travel springs back faster than expected. Terminal 4 will reopen in September and departure operations in the southern wing of Terminal 2 will restart from October, Changi Airport Group (Singapore) Pte said in a statement. The added capacity will allow the airport …

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