December, 2021

• 12 December

  American Air pilots say late-night flight training violates contract

  

      Bloomberg The union for American Airlines Group Inc pilots said the carrier will violate its contract by scheduling “graveyard shift” flight simulator training sessions as it works to ready 440 pilots being added this year. American detailed plans for the sessions, which would begin after midnight, in a message to pilots, saying the temporary measure starting in January …

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• 12 December

  Boeing names Elizabeth Lund as its new jet-production chief

    Bloomberg Boeing Co has promoted supply-chain chief Elizabeth Lund to oversee production of its commercial jetliner programs, including efforts to bolster manufacturing quality and resolve production lapses that have halted 787 Dreamliner deliveries. She succeeds Mark Jenks as senior vice-president and general manager of airplane programs. The move is effective immediately, Stan Deal, chief executive officer of Boeing’s commercial …

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• 12 December

  Australian retail sales surge over recovery

    Bloomberg Australian retailers recorded their best month of sales in nearly a year as consumers splashed out on everything from dining out to clothing, taking advantage of the easing of protracted lockdowns and building momentum in the economy for the final quarter. Sales surged 4.9% in October from a month earlier, when they rose 1.3%, and more than doubled …

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• 12 December

  Ralph Lauren selling digital fashion line wares on Roblox

  

    Bloomberg Ralph Lauren Corp is debuting its first digital fashion line in Roblox Corp’s virtual world, becoming the latest apparel maker to try building brand awareness in the metaverse. The company, known best for its polo shirts, is offering a “Winter Escape” experience in the Roblox online universe. Players can enjoy activities such as ice skating while shopping for …

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• 12 December

  Top equity funds in Asia are all buying Chinese green stocks

  

  Bloomberg What do Asia’s five best-performing $1 billion-plus equity funds for 2021 have in common? They are all betting big on China’s renewables push. The funds returned at least 40% each by investing in stocks that are part of renewables and electric-vehicle supply chains, according to data compiled by Bloomberg. The $3.7 billion China AMC Energy Innovation Equity Fund led …

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• 12 December

  Risk of major stocks drawdown modest for now: Goldman

  

  Bloomberg Goldman Sachs Group Inc strategists said there’s little reason to expect a major retreat in US stocks in the months ahead, even as the breadth of the rally that has pushed the S&P 500 index into successive records is getting increasingly narrow. Just five stocks account for 51% of the US benchmark’s returns since April, Goldman’s strategists led by …

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• 11 December

  Oil sees strongest week since August as virus fears abate

  

  Bloomberg Oil set its biggest weekly gain in more than three months as the worst fears over the new virus strain have receded. West Texas Intermediate futures climbed 8.2% this week. Fuel consumption so far escaped any major blows from the omicron variant. Yet confidence is limited. Rallies are still punctuated by selloffs after rising infection rates prompted some governments …

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• 11 December

  G-7 ministers to discuss soaring global inflation

  

  Bloomberg The Group of Seven (G-7) finance ministers will convene virtually on Monday to discuss the recent surge in inflation, according to people with knowledge of the matter. The talks will come against the backdrop of supply-chain snarls that have hampered the world economy, and ministers will also discuss healthcare, according to the people, who spoke on condition of anonymity. …

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• 11 December

  Southwest cites its ‘frustration’ over Max certification delays

  

  Bloomberg Southwest Airlines Co is frustrated by the slow pace of federal certification of Boeing Co’s smallest 737 Max jet, an issue that could delay the carrier’s commercial debut of the aircraft late into next year. The concern stems from changes by the US Federal Aviation Administration and lawmakers giving regulators a larger role in the certification, drawing out that …

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• 11 December

  Heathrow offers bleak outlook as omicron halts long-haul rebound

  

  Bloomberg London’s Heathrow airport said passenger numbers are likely to recover to barely half of pre-Covid levels next year as the pandemic continues to ravage long-haul travel markets. The number of travellers in 2022 is likely to reach 45 million, Heathrow said in a statement. That compares with a record 81 million in 2019, when the hub ranked as Europe’s …

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