July, 2022

• 12 July

  Benettons ignore chaos in Dufry deal

  

  The meal deal served by the Benettons to minority investors in Autogrill SpA arrived cold. The billionaire family has just agreed to sell its controlling stake in the motorway-restaurant operator to Swiss duty-free retailer Dufry AG in an ungenerous deal, gaining a position of influence in the combined business. That leaves fellow shareholders deprived of the takeover at a premium ...

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• 12 July

  UK’s nostalgia should follow Johnson out

    Supporters of outgoing British Prime Minister Boris Johnson have turned on him after his downfall, accusing him of a breezy disregard for truth and integrity in public life. But no one can pretend that this fatal trait was previously unknown. If Johnson’s journalistic career was distinguished by fake news and fabricated quotes, as well as racist jibes, his personal ...

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• 12 July

  Uber files show how far Macron has come

    If there’s something the leaked Uber Technologies Inc documents show — aside from the questionable ways in which the company sought to break into new markets in Europe — it’s just how much the European political establishment has soured on doing business with US tech firms. Although previous years were marked by friendly encounters between American executives and European ...

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• 12 July

  Air Canada’s hope for recovery foiled over delays at ‘airports’

  

    Bloomberg Air Canada’s hope for a strong recovery in 2022 has been foiled by chaos at Canada’s biggest airports. Travellers are back in big numbers as the summer vacation season kicks off. But Toronto’s Pearson International Airport has descended into scenes of long lines and a sea of luggage, and the nation’s largest airline is paying the price. About ...

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• 12 July

  Frontier asks Spirit to delay vote on merger

  

    Bloomberg Frontier Group Holdings Inc asked buyout target Spirit Airlines Inc to further delay a shareholder vote on their proposed merger, saying it’s still “very far” from winning sufficient support because of a higher offer from rival JetBlue Airways Corp. Frontier also asked Spirit’s board to publicly reaffirm its commitment to their original agreement reached in February in light ...

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• 12 July

  Gap CEO fired after failing to rescue firm

  

    Bloomberg Gap Inc fired Chief Executive Officer Sonia Syngal after 2 1/2 years, with rising costs and deepening discounts threatening to wipe out this quarter’s operating profit. Chairman Bob Martin is taking over immediately as CEO on an interim basis, according to a statement. The stock has been battered amid missteps such as a clumsy implementation of expanded women’s ...

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• 12 July

  CDC faulted for inability to track Covid via air travel

  

    Bloomberg The US Centers for Disease Control and Prevention uses outdated tools to track and analyse how Covid-19 spreads on planes, hindering the agency’s ability to stop outbreaks, a government watchdog agency said. Air travel is a constant concern in public health, since a sick person can board a plane in one country and hours later land in another, ...

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• 12 July

  Billionaire Benettons to sell Autogrill to Swiss firm

  

    Bloomberg The billionaire Benetton family agreed to sell their controlling stake in highway restaurant operator Autogrill SpA to duty-free company Dufry AG, creating a $6 billion player in the travel retail market and accelerating the overhaul of the Italian industrial clan’s holdings. As part of the deal, the Benettons will sell their majority stake in Autogrill to become the ...

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• 12 July

  SpiceJet sees new technical glitch after flight to Dubai

    Bloomberg SpiceJet Ltd, the Indian airline already under scrutiny from regulators in the country, had another technical issue after a flight to Dubai, according to people familiar with the matter. The plane, an eight-year-old Boeing Co 737 next generation jet, had flown from India to Dubai and after landing was discovered to have a technical issue with its nose ...

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• 12 July

  Australia defense minister calls for US expansion in Indo-Pacific

  

  Bloomberg Australia’s Defence Minister Richard Marles has called for the US to grow its military presence in the Indo-Pacific, warning that a failure to maintain the balance of power in the region could be “catastrophic.” Speaking in Washington DC, Marles, who is also Australia’s deputy prime minister, said the region was currently facing a military build-up “at a rate unseen ...

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