July, 2022

• 18 July

  Tories must decide between Thatcher, Reagan leadership

  

  Can “Thatcherite candidate” Rishi Sunak win the contest for Tory leadership? Or will his party plump for a rival who follows in the footsteps of the Iron Lady’s great ally, Ronald Reagan? This is not just a question of style or positioning: Herein lies the wider economic choice facing the UK in the years to come. In their hearts, many ...

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• 18 July

  Wells Fargo, Citi customers still spending

  

  If everyone feels so miserable, why do they seem to be out having a good time? This is the puzzle in comparing US second-quarter bank results with terrible readings in recent consumer sentiment surveys. Citigroup Inc.’s customers are spending freely on restaurants and holidays, which drove credit card volumes up 18% compared with those in the period a year earlier, ...

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• 18 July

  TSMC has a $40 billion vaccine against inflation

    Searing inflation and a wave of interest rate hikes is putting global economies on a path to recession. And yet the world’s largest custom chipmaker just raised its full-year revenue guidance after posting another quarter of record profit. It’s not crazy to think Taiwan Semiconductor Manufacturing Co. will hit these bullish targets. Second-quarter net income of NT$237 billion ($8 ...

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• 18 July

  Henan shows Hong Kong that how far it has fallen

    The protest in Zhengzhou by victims of a bank fraud and its violent suppression by unidentified men caused an outcry on Chinese social media and captured the attention of the world’s press. Nowhere will the images have resonated more strongly than in Hong Kong. That’s partly because in the current climate it’s all but impossible to imagine a similar ...

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• 18 July

  Heathrow shifts from UK’s travel nightmare to Europe’s gateway

  

  Bloomberg Less than a decade ago, London’s Heathrow was the undisputed hub airport for Europe, with thousands of daily passengers and an ambitious expansion plan that included a brand new runway. Terminal 5 was still a novelty — the UK’s largest free-standing building hosted a string of glitzy shops and restaurants, including one founded by celebrity chef Gordon Ramsay. The ...

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• 18 July

  Star Alliance CEO Goh to step down at year-end

  

    Bloomberg Jeffrey Goh, the chief executive officer of Star Alliance, will step down at the end of the year to pursue other interests. Goh, who has spent 16 years at the alliance including six in the top job, said he’s agreed to stay on to support the transition to the next head. An international search will be undertaken shortly ...

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• 18 July

  LOT Polish Airlines close to order 60 Airbus A220s

  

    Bloomberg LOT Polish Airlines SA is close to ordering as many as 60 Airbus SE A220 jets as it looks to swap out its aging Embraer SA plane. The Warsaw-based carrier is in advanced talks with the European planemaker and while the details may change, any deal could be announced as early as next week’s Farnborough International Airshow, the ...

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• 18 July

  Amazon mulls ending private-label sales

  

  Bloomberg Amazon.com Inc. has considered abandoning its private-label business as a peace offering to regulators. The company’s growing set of house brands is at the core of investigations launched by US and European regulators into whether the world’s largest e-commerce company is abusing its market power. Regulators have accused Amazon of using in-house sales data to select best-selling products sold ...

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• 18 July

  Aeromexico plans US stock listing

  

  Bloomberg Grupo Aeromexico SAB, seeking a more liquid stock market, is planning to delist from the Mexican exchange and trade in New York as soon as this year. The airline’s board in June approved a plan to cancel its registration in its home country and launch a voluntary tender offer for outstanding shares. Aeromexico emerged from Chapter 11 in March ...

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• 18 July

  Boeing sees slower growth

  Bloomberg Boeing Co. is tempering expectations for commercial aircraft demand in the coming decades, as the prospect of lower global economic growth and uncertainty surrounding Russia pressure jet deliveries. Manufacturers will hand over 41,170 new planes to customers through 2041, Boeing predicted in its latest long-term outlook for the commercial market. That would mark a slower pace than it saw ...

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