June, 2022

• 2 June

  In US, is it a wake-up call for public education?

    A recent national analysis contained a deeply disturbing finding that has generated little public discussion when it should be causing an outcry: Nearly 1.3 million students have left public schools since the pandemic began. Most states have seen enrollment declines for two straight years. In New York City, K-12 enrollment has dropped by an astounding 9%. Given that state ...

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• 2 June

  Biden’s economic pride gives way to humility

    Treasury Secretary Janet Yellen has finally admitted how badly she underestimated the inflationary threat last year. Although President Joe Biden himself continues to insist the economy is better than it looks, even he acknowledges that Americans won’t view the economy more favourably until rising prices are tamed. He’s also offered the crucial concession that the Federal Reserve must be ...

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• 2 June

  Delta Air falls as jump in costs overshadow demand, pricing

  

  Bloomberg Delta Air Lines Inc fell, leading declines across the airline industry, after saying fuel and a decrease in flying capacity are driving costs higher than what the carrier had expected, overshadowing an otherwise upbeat forecast. Costs for each seat flown a mile, an industry gauge of efficiency, will be up as much as 22% this quarter compared to 2019 ...

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• 2 June

  Untrained pilots land passenger jet in India

  

    Bloomberg Vistara, an Indian joint venture of conglomerate Tata Group and Singapore Airlines Ltd, has been fined after a first officer landed a passenger flight without completing required training. The incident, which occurred during a landing in the central Indian city of Indore, was a serious violation that endangered the lives of passengers on board, according to a senior ...

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• 2 June

  Sri Lanka urges airlines to fly full tank or fill it elsewhere

  

    Bloomberg Sri Lanka is recommending airlines carry enough jet fuel to last return trips or fill up elsewhere, as the island grapples with a shortage of everything from oil to food due to a foreign-exchange crisis. “We’ve asked airlines to carry the required fuel while operating to Sri Lanka, because there is a shortage of aviation fuel, and we ...

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• 2 June

  Europe’s jet fuel imports surge ahead of a busy summer

  

    Bloomberg Europe is pulling in huge quantities of jet fuel as people get ready to take to the skies in droves this summer. The region sucked in more than 13 million barrels of jet-type fuel in May, the highest monthly imports since October 2020, according to data from Vortexa compiled by Bloomberg. Consumption is forecast to surge this summer ...

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• 2 June

  Flair Airlines avoids Canada ban on foreign ownership concerns

    Bloomberg Canada’s transport regulator has ruled that low-cost carrier Flair Airlines Ltd is “Canadian” enough to continue operating flights in the country. The discount airline has made changes to its structure and now “meets the incorporation and voting interest requirements” required by law, Canadian Transportation Agency said in its final determination. The regulator said in its preliminary determination that ...

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• 2 June

  Hong Kong retail sales rebound in April

  Bloomberg Hong Kong’s retail sales surprisingly rebounded in April, lifting the sector out of contraction after strict Covid curbs hammered consumer spending earlier this year. Sales value rose 11.7% in April from a year earlier, the Census and Statistics Department said. That was far better than the median estimate of a 7.9% decline expected by economists in a Bloomberg survey. ...

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• 2 June

  Russian president thinks his biggest ally in Ukraine is time

  

  Bloomberg As Russia’s invasion of Ukraine settles into a grinding war of attrition, one question more than any other will likely decide the outcome: On whose side is time? Much of what unfolds will be determined by unpredictable battlefield dynamics, especially as Russian forces attempt a dash for territory in eastern Ukraine before heavy artillery from the US and elsewhere ...

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• 2 June

  Sanctions will break Russia’s economy in the end: Germany

  

  Bloomberg Russia’s economy has been dealt a severe blow by international sanctions imposed following the invasion of Ukraine and that damage will become increasingly clear, according to Germany’s vice chancellor. The revenue Russia receives from commodities like oil and gas is “painful,” Robert Habeck, who is also the economy minister, said in a speech to parliament. But that doesn’t accurately ...

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