September, 2021

• 26 September

  Apple Watch series 7 may be delayed

  Bloomberg Apple Inc’s upcoming smartwatch is suffering production snags as manufacturers adjust to a new design, likely leading to shipment delays or supply constraints, according to a person familiar with the situation. The device is expected to have a larger screen, alongside a faster processor, Bloomberg has reported. The upgrade has brought manufacturing challenges, according to the person, who asked …

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• 23 September

  Virgin Atlantic, British Airways sales jump 600% on US opening

  

  Bloomberg Virgin Atlantic Airways Ltd’s US bookings surged more than 600% from a week earlier after the Biden administration said most foreigners fully inoculated against Covid-19 would be able to visit again. New York saw the biggest surge in demand, the UK airline said in a statement, while leisure destinations also performed well. Sales to Orlando, Miami and Las Vegas …

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• 23 September

  FAA asks airlines to charge unruly travellers

  Bloomberg The federal regulator charged with keeping the nation’s airways safe met with representatives of US passenger airlines and urged them to take more aggressive steps to reduce the incidents of unruly passenger behaviour that have been on the rise during the Covid-19 pandemic. The Federal Aviation Administration (FAA) said its senior leaders initiated the meeting, scheduled to be the …

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• 23 September

  Mauritius to revive its national airline

  Bloomberg Mauritius government is set to reimburse $223.5 million to creditors of state-owned airline and provide an additional 2.5 billion rupees to help the carrier emerge from voluntary administration. The Air Mauritius Ltd debt-restructuring plan is in a report by administrators Sattar Hajee Abdoula and Arvindsingh K Gokhool ahead of meetings with three classes of creditors scheduled for September 28. …

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• 23 September

  Brazil’s Gol orders 250 vertical aerospace flying taxis

  Bloomberg Brazil’s largest airline Gol Linhas Aéreas Inteligentes plans to operate 250 Vertical Aerospace Group electric air taxis as part of a plan to establish a ride-sharing business. Leasing firm Avolon Holdings Ltd said it will work with Gol to identify local partners and infrastructure and certification requirements for the VA-X4 vertical takeoff and landing model. Avolon ordered 500 of …

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• 23 September

  Lululemon seeks new CEO for Mirror unit

  Bloomberg Lululemon Athletica Inc is looking for a new chief executive officer for its Mirror unit as its leader steps down just over a year after the at-home fitness company was acquired. Brynn Putnam is leaving her role as CEO of Mirror but will continue to work as an adviser to the company through July. Putnam founded Mirror in 2016 …

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• 22 September

  US Bancorp agrees to buy MUFG Union Bank for $8bn

  

  Bloomberg US Bancorp agreed to buy Mitsubishi UFJ Financial Group’s US regional bank for about $8 billion, expanding on the West Coast as consolidation in the finance industry intensifies. The price for MUFG Union Bank NA includes $5.5 billion in cash and about 44 million shares of US Bancorp common stock, according to a statement. The agreement excludes MUFG Union …

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• 22 September

  Handelsbanken plans $1bn extra payout after FSA thumbs up

  

  Bloomberg Handelsbanken AB, Sweden’s third-largest bank, plans to distribute a stake worth about $1 billion in investment company Industrivarden AB to shareholders. “As a result of the bank’s good capital situation, the board of directors of Handelsbanken has resolved to convene an extraordinary general meeting and propose an extra dividend,” the company said in a statement. The bank’s capitalisation is …

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• 22 September

  Credit Suisse mulls changes at Asia investment banking unit

  

  Bloomberg Credit Suisse Group AG is considering moving its Asian investment banking operations into its global securities and advisory business as part of a wider overhaul by chairman Antonio Horta-Osorio to turn around the troubled bank. Consolidating the advisory business into the global investment bank would mirror a similar move last year to bring the Asian markets activities into that …

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• 22 September

  ECB to weigh QE boost when Covid bond buys end: Muller

  Bloomberg The European Central Bank (ECB) will discuss boosting its regular asset purchases once the pandemic-era emergency stimulus comes to an end, but any such increase is uncertain, Governing Council member Madis Muller said. While the euro area’s recovery should allow the ECB to end its 1.85 trillion-euro ($2.2 trillion) pandemic bond-buying program in March, officials will discuss how to …

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