February, 2022

• 1 February

  Johnson promises measures to abate rising energy costs

  

    Bloomberg UK Chancellor of the Exchequer Rishi Sunak will announce a package of measures to alleviate the impact of rising energy costs “in due course,” Prime Minister Boris Johnson said on Monday, as his government grapples with a growing squeeze on the cost of living. Johnson is coming under increasing pressure from opposition parties and members of his own …

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• 1 February

  Mass resignation of pilots forces Cathay to boost hiring

  

    Bloomberg Cathay Pacific Airways Ltd. is considering hiring options to combat an exodus of pilots from Hong Kong, senior executives said at a town hall, according to a person who attended the meeting. The carrier’s top management, including chief operations and service delivery officer Greg Hughes, told staff that an initial spike in pilot resignations last November had remained …

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• 1 February

  Kuwait’s Jazeera Air okays $3.4b Airbus aircraft order

  

    Bloomberg Jazeera Airways’s board approved a deal to purchase of 28 narrow-body planes from Airbus SE as the Kuwaiti carrier expands its network to include long-haul routes. The value of the agreement is $3.4 billion and comprises 20 A320neos and eight A321neos, according to a statement. The companies had signed the pact at the Dubai Airshow in November. Jazeera, …

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• 1 February

  Airbus says it won’t be rushed into bringing air-taxi to market

  

    Bloomberg Airbus SE said it will make a flying-taxi model available for sale only when the technology is mature, despite rival designs racking up hundreds of conditional orders at a similar stage of development. The CityAirbus NextGen, unveiled last September following a revamp to an earlier blueprint, will fly by the end of next year once remaining technical challenges …

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• 1 February

  LVMH surges as shoppers snapping up couture lift sales to record

  

    Bloomberg LVMH SE shares surged after the luxury giant bounced back from the depths of the pandemic as customers snapped up items ranging from Christian Dior couture to Hennessy cognac. Revenue last year totaled 64.2 billion euros ($71.6 billion), the Paris-based company said, topping the previous record set in 2019, before Covid-19 lockdowns closed stores and kept shoppers stuck …

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• 1 February

  Philippine Air president Santa Maria to step down, Star says

    Bloomberg Philippine Airlines Inc. President Gilbert Santa Maria is stepping down from his role in the carrier, the Philippine Star reported Sunday, citing unnamed people in the industry. The board of directors of the airline, majority owned by billionaire Lucio Tan, is set to meet Monday, and Santa Maria’s departure is on the agenda, the Star reported. A Philippine …

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• 1 February

  Pacifica Beauty sells stake to Brentwood

    Bloomberg Pacifica Beauty LLC, a vegan beauty brand, sold a minority stake to private equity firm Brentwood Associates, according to people with knowledge of the matter. The company is valued at about $250 million in the transaction, one of the people said, asking not to be identified discussing private information. Representatives for Pacifica declined to comment. A spokesperson for …

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• 1 February

  Europe, US stocks resume rally as volatile month nears end

  

    Bloomberg European stocks and US index futures rise, and a gauge of global equities pared its biggest monthly drop since March 2020, as investors bet corporate earnings will continue to grow amid aggressive tightening by the Federal Reserve. The Stoxx 600 gauge advanced for a fourth time in five days. Technology shares in Asia and Europe caught up with …

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• 1 February

  Here are the stocks likely to benefit from India’s budget

  

    Bloomberg Infrastructure, rural development and health-care stocks are among analysts’ top picks as India’s government is set to step up spending in a budget aimed at kickstarting investment to boost growth. Construction spending, including on roads and ports, as well as incentives for electric mobility and renewable energy are likely going to be a focus in Finance Minister Nirmala …

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January, 2022

• 31 January

  Security of GCC states is indivisible: Al-Hajraf

    DAMMAM / WAM Dr Nayef Falah Mubarak Al-Hajraf, Secretary General of the Gulf Cooperation Council (GCC) for Arab States, has affirmed that the security of the GCC states is indivisible, asserting that the “Arab Gulf Security 3” Exercise is a message of determination and peace, reported Saudi Press Agency (SPA). He expressed pride with the level of security coordination …

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