April, 2022

• 28 April

  The BOJ doubles down on a weakening yen

    Any doubt that the Bank of Japan is comfortable with a weak yen should now be eliminated. The central bank is effectively doubling down on the trademark super-easy monetary stance it began developing decades ago — just as the Federal Reserve and its peers become more aggressive in raising rates. In a statement after its policy meeting, the BOJ ...

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• 28 April

  Sainsbury’s warns of lower profit amid cost-of-living crisis

  

  Bloomberg J Sainsbury Plc said profit will fall this year as normal shopping habits return following the end of lockdowns and as shoppers feel squeezed by the higher cost of living. The supermarket chain forecast underlying profit before tax of 630 million pounds ($788 million) to 690 million pounds in the year through March, citing “significant external pressures and uncertainties.” ...

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• 28 April

  Airbus, Italy’s ITA Airways to work on flying taxis

  

    Bloomberg Airbus SE has agreed on a partnership with Italy’s ITA Airways that will see the two companies work together towards eventual deployment of the planemaker’s CityAirbus NextGen flying taxi in the country. A memorandum of understanding details cooperation in areas including recruitment of local partners, identification of markets and the creation of pilot projects, the companies said in ...

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• 28 April

  Air New Zealand plans to move head office to Auckland Airport

  

  Bloomberg Air New Zealand will move its head office to a new campus at Auckland Airport, vacating its central city site to reduce costs and get all staff at a single location. The airline has approved in-principle a project to centralise its Auckland workforce at a refurbished airport campus by 2024, it said. It will also proceed with construction of ...

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• 28 April

  Raytheon cuts 2022 sales forecast on Russia sanctions’ impact

  

    Bloomberg Aerospace and defense giant Raytheon Technologies Corp cut its 2022 sales forecast and warned of potential supplier constraints as it ends commercial ties with Russian customers and a titanium supplier. “We’re done in Russia. Full stop,” Raytheon’s Chief Executive Officer Greg Hayes said of the aerospace and defense conglomerate’s dealings with Russia in the wake of the nation’s ...

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• 28 April

  Opposing pilot inputs likely behind ‘777’ landing scare

    Bloomberg An aircraft landing scare in Paris earlier this month most likely resulted from the Air France pilots submitting contradictory commands, rather than any malfunction of the plane, according France’s air-safety investigator. No failure warnings were activated and no anomaly was observed with the Boeing Co 777 in the incident, the Bureau d’Enquetes et d’Analyses said. Flight AF011 from ...

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• 28 April

  Unilever boosts revenue by raising prices

    Bloomberg Unilever Plc is increasing the pressure on consumers worldwide with higher prices for Dove soap, raising the risk that shoppers may start to balk at spending more. All company reported sales growth at about double the pace analysts had expected. Unilever forecast full-year revenue growth at the top end of its forecast, though warned that profitability may suffer ...

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• 28 April

  German parliament backs heavy weapons supplies for Ukraine

  

  Bloomberg Germany’s parliament urged the government to quickly supply Ukraine with heavy weapons and other equipment to help its defense against Russia. The three parties in Chancellor Olaf Scholz’s coalition and the largest opposition group — which combined hold over 80% of the seats in the lower house of parliament — teamed up to support a motion in a show ...

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• 28 April

  Reports of naval base on Solomon Islands is ‘fake news’: China

  

    Bloomberg China denied reports that it plans to build a naval base in the Solomon Islands, with a Defense Ministry spokesman calling them “fake news.” Australia Prime Minister Scott Morrison said a Chinese military base in the Solomon Islands would be a “red line” for his government, after Beijing signed a security pact with the government in Honiara. The ...

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• 28 April

  Modi weighs replacing India’s religion-based laws before polls

  

  Bloomberg Prime Minister Narendra Modi’s administration is weighing the political costs of replacing India’s religion-based marriage and inheritance laws with a uniform civil code ahead of national elections in 2024, according to people involved in the plan, a move that risks alienating a broad spectrum of voters. The ruling Bharatiya Janata Party has begun the process to implement uniform civil ...

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