January, 2022

• 28 January

  Iata tells governments to ease travel curbs

  

    GENEVA / WAM The International Air Transport Association (IATA) has urged governments to accelerate the relaxation of travel restrictions as Covid-19 continues to evolve from the pandemic to endemic stage. Iata called for removing all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine, enabling quarantine-free travel for non-vaccinated travellers with a negative pre-departure …

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• 28 January

  Sky-high natural gas prices have Japan scrambling for coal

  

    Bloomberg Japan’s coal imports are poised to jump to the highest level in at least two years as the nation’s utilities turn to the dirtiest fossil fuel as a replacement for expensive liquefied natural gas. More than 17.3 million tons of coal will be delivered to the country this month, said Edwin Toh, a dry bulk manager at energy …

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• 28 January

  EasyJet swells capacity as UK travel rebound gathers pace

  

    Bloomberg EasyJet Plc will pour capacity into the UK this summer as easing travel curbs boost demand and make the country a key battleground for airlines emerging from two years of Covid-19 disruption. Bookings in Britain are surging, according to the Luton, England-based carrier, which plans to lift seating to near normal levels by the summer, meeting the challenge …

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• 28 January

  Air India seeks to end $1.2b US case citing new owner

  

    Bloomberg Air India Ltd. is seeking to end a case filed by Devas Multimedia Pvt in a US court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards. Devas demands $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm. The …

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• 28 January

  UK retail trading platforms witness renewed demand

  

    Bloomberg A volatile start to the year for global stock markets is breathing new life into UK trading platforms, which had seen fading interest amid less stringent pandemic restrictions. CMC Markets Plc and IG Group Holdings Plc both said they’ve seen an increasing number of bets being placed on equity markets amid price swings that put the S&P 500 …

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• 28 January

  Nestle to pay cocoa farmers cash incentives to fight child labor

  

    Bloomberg Nestle SA will offer cocoa farmers and their families in the Ivory Coast cash incentives that aim to reduce child labor, as the chocolate industry faces growing scrutiny over the problem. The program, under which the KitKat maker plans to spend 1.3 billion francs ($1.4 billion) by 2030, will offer as much as 500 francs per year to …

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• 28 January

  Hawaiian Air aims to ramp up flight service to Japan

    Bloomberg Hawaiian Airlines is seeking to ramp up its limited flight service to Japan in the second quarter, an omicron variant-linked delay from the carrier’s earlier goal of returning to a fuller slate of flights by late March. Japan represents the largest foreign market for Hawaiian, which had about a quarter of its business outside the US before the …

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• 28 January

  Citic weighs sale of stake in China’s EBeauty

    Bloomberg Chinese buyout firm Citic Capital is weighing a sale of its controlling stake in EBeauty Holdings Cayman Ltd. after a planned initial public offering stalled amid market volatility, people familiar with the matter said. Citic is seeking a valuation of as much as $2 billion for the provider of e-commerce services to the cosmetics industry in China, said …

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• 28 January

  Futures fall with Europe stocks; Apple advances

  

    Bloomberg US futures fall with European stocks as concern about tighter policy lingered at the end of a volatile week, overshadowing strong earnings from Apple Inc. Futures on the S&P 500 extended a drop, while those on the Nasdaq 100 gave up gains of as much as 1.4%. Apple rises in premarket trading. Losses in tech and auto shares …

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• 28 January

  Foreign exodus from India stocks threatens to reduce key support

  

    Bloomberg Indian stocks are facing the longest run of foreign outflows in five years, an exodus that’s stalling the market’s steady surge from pandemic lows in March 2020. Foreign institutional investors have been net sellers every month since September, dumping $7.9 billion worth of local shares since. The four-month streak of withdrawals is set to be the longest since …

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