May, 2022

• 23 May

  And, Australia votes for climate action this time

    Winning power is the easy part of politics. It’s what you do with it that counts. That’s going to be the challenge for Australia’s new Prime Minister Anthony Albanese, after a striking election victory that has swept the right-of-center Liberal-National Coalition from power after nine years. The scale of victory for Albanese’s Labor party looks surprisingly modest. As a ...

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• 23 May

  Governments should stop making gasoline cheaper

    The oil market is screaming at consumers to rein in their use of fuel. Governments are doing everything they can to have us to buy, buy, buy. But there can only be one winner in this battle, and it won’t be our elected representatives — or us. In March, just after the UK government announced a year-long cut in ...

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• 22 May

  Aeroflot back to future as sanctions ground its goals

  

  Bloomberg Hours after President Vladimir Putin announced Russia’s invasion of Ukraine, Aeroflot PJSC’s top executives gathered at the airline’s headquarters down the street from the Kremlin. In the official part of the surreal board meeting, they discussed the flagship Russian carrier’s budget without mentioning the war or any risks it might create, according to two people familiar with the proceedings ...

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• 22 May

  Airbus sees business jet sales boost despite war

  

  Bloomberg Airbus SE’s corporate-jet division is more optimistic about prospects for this year, even as the Russia-Ukraine conflict and Chinese coronavirus lockdowns weigh on sales. The European planemaker had a slow couple of years for orders for its newest business-jet model during the Covid-19 pandemic, with almost all work travel curtailed. The corporate version of the A220 was launched in ...

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• 22 May

  Jet Airways to resume flying by September in Indian market

  

    Bloomberg Jet Airways India Ltd, the erstwhile bankrupt carrier undergoing a court-monitored resolution, is expecting to return to the skies in the quarter to September as competition in India’s cutthroat air travel market intensifies with new entrants. Jet Airways got its flying license from the Directorate General of Civil Aviation (DGCA) after successful proving flights — or test flights ...

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• 22 May

  Pret goes to Greggs to ride out UK cost-of-living crisis

  

    Bloomberg After almost four decades spent targeting London’s office workers with upscale fare like salmon and avocado protein pots, Pret A Manger Ltd is taking aim at a different clientele: suburban Brits facing the worst cost-of-living crisis since the Thatcher era. As the sandwich chain expands across the UK, where prices are climbing at the fastest pace since 1982, ...

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• 22 May

  China Eastern lists steps needed to return 737 Max to skies

  

    Bloomberg China Eastern Airlines Corp outlined several actions it needs to undertake before operating Boeing Co’s 737 Max again, including modifications to the aircraft and further pilot training, damping hopes the narrowbody will return to Chinese skies any time soon. Li Yangmin, vice chairman of the Shanghai-based state-owned carrier, indicated to investors at a virtual briefing that the airline ...

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• 22 May

  JM Smucker recalls Jif peanut butter products

  Bloomberg J M Smucker Co is recalling some Jif peanut butter products sold in the US and Canada because of potential Salmonella contamination. The Orrville, Ohio-based company expanded its recall of the popular brand of peanut butter products to Canada, a day after announcing a voluntary recall in the US. Consumers that have various crunchy, creamy and squeeze products should ...

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• 22 May

  US prepared for possible North Korea nuclear test, says Biden

  

  Bloomberg US President Joe Biden said that he wasn’t concerned about the possibility of North Korea holding a nuclear test while he’s in Asia. “We are prepared for anything North Korea does,” Biden told reporters in Seoul. “We’ve thought through how we’d respond to whatever they do, and so I am not concerned.” US intelligence has shown that North Korean ...

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• 22 May

  Poland wants quick EU candidate status for Kyiv

  

  Bloomberg Poland’s president said he “will not rest until Ukraine becomes a full-fledged member” of the EU as he addressed lawmakers in Kyiv and met with President Volodymyr Zelenskiy. President Recep Tayyip Erdogan spoke with Nato chief Jens Stoltenberg and the leaders of Finland and Sweden, reiterating his reservations about the Nordic nations’ bids to join the military alliance. President ...

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