June, 2022

• 20 June

  Boeing delivers US missile interceptor after years of delays

  

  Bloomberg Boeing Co delivered a missile interceptor for US’s ground-based system three years late after overcoming vexing subcontractor quality problems, congressional auditors said. The delivery in December, which wasn’t previously announced, followed “production challenges” because “the boost vehicle contractor mishandled a key avionics component and had to build a new one,” the Government Accountability Office said in its annual report ...

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• 20 June

  JFK airport’s new project to tap muni market for over $6 billion

  

    Bloomberg The finance team behind the new terminal at New York’s John F. Kennedy International Airport expects to sell more than $6 billion of municipal bonds in the coming years to help pay for the project. The group plans to issue taxable or tax-exempt debt in the $4 trillion muni market to refinance a $6.6 billion bank loan originally ...

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• 20 June

  Ex-Amazon worker found guilty in Capital One hack

    Bloomberg A former Amazon Web Services worker was convicted of hacking into the company’s cloud servers to steal customer data and computer power that she used to mine cryptocurrency. Following a week-long trial in Seattle, Paige A. Thompson, 36, was found guilty of seven federal crimes, including wire fraud, which carries a prison sentence of as long as 20 ...

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• 20 June

  Zara’s pink party dresses are made from greenhouse gases

  

    Bloomberg Released by Inditex’s Zara as part of a limited clothing collection, the little pink number costs $90 and is sourced, in part, from captured carbon emissions. It’s also officially sold out. Carbon and other greenhouse-gas emissions are, for lack of a better description, the worst. The buildup of these gases in recent decades is starting to reshape every ...

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• 20 June

  Aerojet CEO backed by ISS in proxy fight

  Bloomberg Aerojet Rocketdyne Holdings Inc Chief Executive Officer (CEO) Eileen Drake has received backing from the Institutional Shareholder Services (ISS) for her slate of candidates battling for board seats in a proxy fight with the US rocket-engine maker’s chairman. In a shareholder letter, Drake and three other independent directors said the ISS, a provider of proxy research and vote recommendations to the ...

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• 20 June

  Russia war in Ukraine could last for years, says Nato chief

  

  Bloomberg Russia said it hit military targets in Ukraine with sea-launched cruise missiles, including a strike on a planning meeting of Ukrainian commanders. The war in Ukraine “could last for years,” Nato Secretary General Jens Stoltenberg told Germany’s Bild am Sonntag, saying the military alliance “must not let up on supporting” Kyiv. The new head of the British Army said ...

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• 20 June

  Australia’s Dutton says US can provide two nuclear subs by 2030

  

  Bloomberg Australian opposition leader Peter Dutton reiterated his earlier claims that the US could provide Australia with two nuclear submarines by 2030, without providing material evidence that such a deal would occur. Speaking on the national broadcaster’s “Insiders” program Sunday, Dutton said he had visited counterparts in Connecticut and “spoken with them there” about acquiring the equipment, even though the ...

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• 20 June

  US rejects China’s claims over Taiwan Strait as concerns grow

  

    Bloomberg Biden administration officials have decided to reject a vague new assertion by China that the Taiwan Strait is not “international waters” and are increasingly concerned the stance could result in more frequent challenges at sea for the democratically-governed island, according to people familiar with the matter. Chinese officials have made such remarks repeatedly in meetings with US counterparts ...

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• 20 June

  Spanish PM set for heavy defeat in key battleground

    Bloomberg Spanish Prime Minister Pedro Sanchez’s Socialists are heading for a heavy electoral defeat in the country’s most populous region of Andalusia on Sunday, highlighting the scale of the challenge he faces to win re-election in a national vote due next year. Sanchez and his government have been struggling to cope with the economic fallout from Russia’s invasion of ...

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• 20 June

  Worst drought in 70 years in Italy threatens food, power

  

  Bloomberg Italy is in the depths of one of its worst droughts, with the country’s largest river, the Po, hitting its lowest level in 70 years, threatening crops and raising the specter of power outages. While much of Europe has had drier-than-average conditions this year, northern Italy’s Po valley is worst hit, according to the JRC Global Drought Observatory. Several ...

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