September, 2021

• 22 September

  DOJ has no case in American alliance inquiry: JetBlue CEO

  

  Bloomberg JetBlue Airways Corp Chief Executive Officer Robin Hayes defended the airline’s alliance with American Airlines Group Inc, saying the US Justice Department doesn’t have evidence to support allegations that it is anti-competitive. The so-called Northeast Alliance (NEA) has increased competition in the New York area and Boston, Hayes said in an interview. He pointed to additional domestic flying by ...

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• 22 September

  Walmart aims to highlight healthy products online

  

  Bloomberg Walmart Inc will spotlight particularly healthy or sustainable products with a new “Built for Better” tag on its website, an attempt to entice shoppers who want to vote for better nutrition and environmental stewardship with their wallets. The initiative will start with almost 2,000 items, the world’s biggest retailer said on Tuesday, and the number is set to grow. ...

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• 22 September

  Airlines rejoice as US agrees to trans-Atlantic restart

  

  Bloomberg Europe’s biggest trans-Atlantic airlines and airports reacted jubilantly to a US move allowing most vaccinated foreigners to enter the country, ending a ban that’s been in place since March 2020. Shares of British Airways (BA) parent IAG SA, Air France-KLM and Deutsche Lufthansa AG all surged following the announcement, which made clear those without Covid-19 inoculations will still be ...

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• 22 September

  Amazon grows its climate coalition before UN meet

  Bloomberg Amazon.com Inc said it has added 86 new signatories to its Climate Pledge, expanding the number of companies that commit to aggressively reducing carbon emissions. There are now more than 200 global brands, including Nespresso, ASOS Plc, Procter & Gamble Co, HP Inc and Salesforce.com Inc, as well as three new signatories in India, who have committed to cutting ...

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• 22 September

  EasyJet urges to back Airbus bet on hydrogen planes

  Bloomberg EasyJet Plc said governments need to get behind zero-emission aircraft including hydrogen-powered models envisaged by Airbus SE if they’re to become a reality by the 2030s. Airlines that operate such planes should benefit from tax breaks and reduced airspace and airport charges, while state support will be key in developing hydrogen supplies and infrastructure, EasyJet Chief Executive Officer Johan ...

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• 21 September

  Bank Indonesia holds rates as economy flashes recovery signs

  

  Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5% on Tuesday, as expected by all 31 analysts in a Bloomberg survey. The key rate has been at that level since ...

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• 21 September

  ECB likely to buy Greek debt even after crisis

  

  Bloomberg The European Central Bank (ECB) is likely to continue purchasing junk-rated Greek sovereign debt even after the pandemic crisis has passed, according to Governing Council member and Greek central bank chief Yannis Stournaras. “This is not a question of Greece’s ability to service debt, but a question of even transmission of monetary policy,” Stournaras told Politico in an interview. ...

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• 21 September

  SNB worries about threats posed by world’s lowest interest rate

  

  Bloomberg Swiss National Bank (SNB) policy makers watching the effects of negative interest rates on the economy are worrying about the real-estate bubble that their policy is helping to foster. Aware that any shift in their sub-zero stance could unsettle currency markets, officials are likely instead to highlight the availability of regulatory tools to cool the property market at their ...

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• 21 September

  JPMorgan joins UK consumer market with new digital bank

  Bloomberg JPMorgan Chase & Co opened its digital retail bank in the UK on Tuesday as it expands its consumer business overseas. The bank, called Chase, launched with a fee-free current account and plans to add savings and investment accounts along with loans, according to a statement. Chase will also try to tempt new customers with 1% cashback on debit ...

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• 21 September

  BofA taps three bankers to run financials dealmaking

  

  Bloomberg Bank of America Corp (BofA) has promoted three bankers to be heads of global financial institutions investment banking, according to a memo reviewed by Bloomberg News. Will Addas, Gary Howe and and Giorgio Cocini will take on the new roles. “These three leaders will share responsibility for driving business strategy globally, seizing opportunities for continued growth and leading a ...

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