December, 2021

• 20 December

  Airlines amp up warnings on 5G service

  

    Bloomberg Widespread flight delays in snowstorms and low visibility could occur once new 5G wireless service rolls out in early January, airline executives and aviation officials are warning with increasing alarm. The officials say the new wireless signals threaten to interfere with equipment on planes and helicopters that track aircraft altitude, which could prohibit landings in poor visibility and …

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• 20 December

  London’s Christmas shopping takes major hit amid omicron

  

    Bloomberg The number of people visiting London’s major shopping district was down by almost a fifth on the last weekend before Christmas compared with pre-pandemic levels, a further sign of the toll the spread of the omicron variant is taking on beleaguered UK stores. Footfall in the West End was 17% lower than the equivalent period in 2019, and …

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• 20 December

  Future Retail surges as Amazon deal on hold

  

    Bloomberg Future Retail Ltd’s shares and dollar bonds jumped after an order by India’s antitrust body may make it harder for Amazon.com Inc to block a bid for the Indian department store chain by rival Reliance Industries Ltd. Future’s shares rose by the maximum permissible 20% to 57.5 rupees in Mumbai on Monday, the biggest surge since August last …

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• 20 December

  British Airways halts Hong Kong flights amid pilot quarantines

  

    Bloomberg British Airways (BA) put flights to Hong Kong on hold until March after the imposition of strict quarantine rules by the Asian financial hub’s government saw airline crews forced to isolate in a makeshift camp. The London-based carrier’s schedule shows no services to Hong Kong until the end of February. British Airways initially suspended flights there late last …

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• 20 December

  Omicron fears ignite market selloff as traders clear books

  

    Bloomberg Monday’s Asia trading session took on a decisively risk-off tone: US stock index futures fell, Treasuries gained and risk-sensitive currencies slid as investors fretted over fresh lockdowns to slow the new variant. Senator Joe Manchin’s rejection of the US spending package at the heart of President Joe Biden’s economic agenda heaped fresh fuel to the fire with market …

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• 20 December

  Indian stocks head for correction as omicron variant drives Asia rout

  

    Bloomberg India’s benchmark index was poised to enter a correction as concerns about risks from the rapid spread of the omicron coronavirus variant prompted selling of equities ahead of year-end holidays. Reliance Industries Ltd. was the biggest drag on the S&P BSE Sensex, which retreated 2.8% to 55,423.99 as of 1:24 pm in Mumbai, headed for its biggest two-day …

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• 19 December

  Fossil fuels to drive record Australian resources revenue

  

    Bloomberg Australia has revised up its forecast for resources and energy export revenue on the back of strong coal and liquefied natural gas prices, even as the world tries to wean itself off heavy-polluting fossil fuels. Exports are expected to hit a record A$379 billion ($271 billion) in the year to June 30, 2022, revised up by 9% from …

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• 19 December

  Goldman Sachs says it plans to reduce financed emissions

  

    Bloomberg Goldman Sachs Group Inc. plans to reduce the carbon footprint of its fossil-fuel clients by a fifth, and slash emissions in other key customer groups as it acts on a pledge to make its business climate neutral by mid-century. By 2030, the Wall Street firm intends to have lowered the financed emissions of oil and gas companies by …

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• 19 December

  India’s central bank told board it wants blanket crypto ban

  

    Bloomberg The Reserve Bank of India (RBI) said it favors a complete ban on cryptocurrencies at a meeting of its central board, the Economic Times reported, citing unnamed people familiar with the deliberations. India’s central bank made a detailed presentation to its board highlighting “serious concerns” around the impact of cryptocurrencies on macroeconomic and financial stability, as well as …

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• 19 December

  Monte Paschi plans to raise $2.8bn to meet capital needs

  

    Bloomberg Banca Monte dei Paschi di Siena SpA plans to raise 2.5 billion euros ($2.8 billion) to cover capital needs after the Italian government’s efforts to sell the lender to UniCredit SpA failed. The capital increase is part of a five-year business plan that will be submitted to European authorities for approval, it said in a statement. The fresh …

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