January, 2022

• 24 January

  British retailers welcome end of Covid rules with eye on recovery

  

    Bloomberg UK retailers embraced the government’s move to ease restrictions after Omicron hijacked footfall over the holiday season, saying they hope customers will swiftly return to their stores. The government will no longer ask people to work from home or wear face masks in shops or public transport from Jan. 27, Prime Minister Boris Johnson said. Covid passes proving …

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• 24 January

  Unilever India meets profit estimate amid cost, rural stress

  

    Bloomberg Unilever Plc’s Indian unit reported quarterly profit that met analyst expectations as price hikes helped Asia’s largest consumer goods maker by market value manage persistent inflation that has hit the pockets of consumers in the country’s vast and largely impoverished hinterland. The Mumbai-listed Hindustan Unilever Ltd. posted a 17% rise in net income to 22.4 billion rupees ($300.6 …

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• 24 January

  Lufthansa may take 40% stake in ITA Airways: Foglio

    Bloomberg Deutsche Lufthansa AG may seek a 40% stake in Alitalia’s successor ITA Airways, Italian newspaper Il Foglio reported, citing unnamed sources. The plan, which could be announced in coming days, would be subject to European Union approval, the paper said. The two sides are close to agreement on issues including financial consolidation and turning Rome’s Fiumicino airport into …

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• 24 January

  Australia to allow overseas passengers with rapid test

    Bloomberg Australia will allow international air travelers to enter the country if they provide results from a rapid antigen test taken within 24 hours of departure. A RAT must be undertaken by or under the supervision of a medical practitioner that includes pharmacists or trained personnel at an authorized airport testing station, the Ministry of Health said on its …

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• 24 January

  Amazon to open clothing store this year

    Bloomberg Amazon.com Inc. said it plans to open a clothing store called Amazon Style this year in the Los Angeles area, the company’s latest foray into physical retail. The boutique will use artificial intelligence to recommend purchases as customers shop and carry a selection of women’s and men’s apparel, shoes and accessories, the company said. Using an app, shoppers …

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• 23 January

  Ericsson seeks to block US imports of Apple phone, watch

  

    Bloomberg Ericsson AB filed US trade complaints seeking to block imports of Apple Inc devices, escalating a legal battle that shows licensing talks between the two over 5G telecommunications technology are going poorly. In complaints filed with the US International Trade Commission in Washington, Ericsson targets a wide swath of Apple products — the iPhone, tablets, smart watches, smart …

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• 23 January

  At $1.9mn, Porsche Carrera GT sets online sale record

  

    Bloomberg A 2005 Porsche Carrera GT has sold for $1.9 million on the car auction website Bring a Trailer (BAT). The $1,902,000 final sale set a world record for the highest amount of money paid at auction for the V10 supercar. It also set the record for the highest amount of money ever spent on any vehicle at BAT. …

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• 23 January

  Intel plans to spend $20bn on Ohio chipmaking hub

    Bloomberg Intel Corp plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site. The chipmaker will begin construction of two fabrication plants on a 1,000-acre site in New Albany, which it expects to be operational by 2025, said the person, asking …

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• 23 January

  Samsung to power up mobile chips

    Bloomberg Samsung Electronics Co introduced its first mobile processor powered by Advanced Micro Devices Inc. graphics as the company tries to better compete with the gaming prowess of archrival Apple Inc.’s iPhones. The new Exynos 2200 processor is built using Samsung’s most advanced 4nm fabrication process and is the industry’s first mobile chip with hardware support for ray tracing, …

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• 22 January

  Oil’s red-hot rally cools after surge to highest since 2014

  

    Bloomberg Oil dropped alongside other financial assets and commodities as crude’s sizzling rally ran out of steam after hitting a seven-year high. Futures in New York slumped more than 3%, before paring losses to trade near $84 a barrel, following a decline in stocks and raw materials including copper. Crude has posted a gain of more than 10% so …

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