June, 2022

• 2 June

  Fed’s mild forecasts need some explaining

    For Federal Reserve officials who want to get inflation under control, the outlook has certainly improved in recent weeks. First, inflation has peaked. In particular, goods price inflation is falling as supply chain disruptions ease and demand shifts toward services and away from goods. And even though the labour market remains unusually tight, wage inflation has stabilised rather than ...

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• 2 June

  Spirit Airlines shareholders urged to reject Frontier deal

  

    Bloomberg Spirit Airlines Inc shareholders should reject a pending takeover deal with Frontier Group Holdings Inc as a signal to the board to engage more with rival suitor JetBlue Airways Corp over its competing bid, a prominent shareholder-advisory firm said. While both deals have inherent regulatory risks, the offer from JetBlue is superior from a financial standpoint, Institutional Shareholder ...

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• 2 June

  Boeing discusses 777X jet delays with Singapore Air

  

    Bloomberg Boeing Co has reached out to Singapore Airlines Ltd to discuss the US planemaker’s failure to deliver long-delayed 777X aircraft on time, according to the Chief Executive Officer of the city-state’s flag carrier. “When the delay was foreseen you can imagine that Boeing would have reached out to us for early conversations,” Goh Choon Phong said in an ...

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• 2 June

  Hong Kong airline body wants three-day quarantine, no Covid test

  

    Bloomberg The lobby group representing all airlines flying in and out of Hong Kong is pushing the government to cut the hotel quarantine period for travellers to three days and wants pre-flight Covid-19 tests scrapped, according to people with knowledge of the outreach. The Board of Airlines Representatives of Hong Kong also requested authorities abolish a rule that sees ...

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• 2 June

  Scholz touts latest Ukraine arms delivery as criticism persists

  

  Bloomberg Chancellor Olaf Scholz announced that Germany will supply Ukraine with IRIS-T guided missiles as he pushed back against persistent criticism that the government in Berlin is dragging its feet on sending heavy weaponry. “In the coming weeks we will continue to deliver weapons,” Scholz said in an address to the lower house of parliament. Germany will also contribute technical ...

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• 2 June

  New York is raising age to buy an assault rifle to 21

  

  Bloomberg Governor Kathy Hochul and legislative leaders pledged to raise the legal age to purchase an AR-15 assault rifle in New York to 21 years old from 18, and pass a package of measures to tighten gun laws before the end of the state’s legislative session this week. Citing the mass shootings in Buffalo, New York, and Uvalde, Texas, local ...

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• 2 June

  Ramaphosa appoints panel to advise on Black empowerment

    Bloomberg South African President Cyril Ramaphosa appointed 14 people to a Black economic-empowerment council that will advise the government on intensified transformation of the economy. The Broad-Based Black Economic Empowerment Advisory Council’s members will include Black Business Council Chief Executive Officer Kganki Matabane and Black businesswoman Gloria Serobe, the presidency said in a statement. The body is being established ...

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• 2 June

  South Korea’s new president gets boost in big election win

  

  Bloomberg South Korea President Yoon Suk Yeol’s conservative party is on path for a decisive victory in elections for leaders of major cities and provinces, a joint exit poll showed, in a show of support for his policies coming just three weeks after he took office. Yoon’s People Power Party is expected to take at least 10 of the 17 ...

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• 2 June

  UK’s Johnson rules out quitting over partygate

  

  Bloomberg Boris Johnson said it would not be “responsible” to resign over the so-called partygate scandal, even as a growing number of Conservative MPs call for a change of leader. “I just cannot see actually it would be responsible right now, given everything that’s going on,” the British premier said in a Mumsnet interview broadcast, referring to economic pressures and ...

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• 2 June

  Malaysia PM Yaakob says won’t delay dissolving parliament once ready

  

  Bloomberg Malaysian PM Ismail Sabri Yaakob said he would not delay the dissolution of parliament, amid continued pressure from his party to hold a general election as soon as possible. “To face the 15th general election, Barisan Nasional must be prepared,” Ismail said, referring to the ruling coalition. “I say that once we are prepared, I won’t delay for even ...

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