April, 2022

• 26 April

  Philippine conglomerate targets US wind projects

    Bloomberg Philippine conglomerate Ayala Corp plans to acquire wind projects in the US in line with a target to boost its renewable energy capacity to 5,000 megawatts by 2025. Ayala unit ACEN got board approval to enter the US renewable energy market through a partnership with UPC Solar & Wind Investments LLC and Pivot Power Management. They will acquire ...

  Read More »
• 26 April

  UK to study if local energy systems can slash costs

    Bloomberg The UK’s energy regulator Ofgem will investigate how local energy markets can cut costs and reduce the environmental impact of powering the country. The energy crisis and the war in Ukraine is driving up living and manufacturing costs in Britain. Overall, the average family will be $1,433 worse off over the next 12 months, according to the Resolution ...

  Read More »
• 26 April

  Euro banks may confront a new kind of rate risk

  

  It’s been more than a decade since the euro area’s last interest-rate increase, but this year will very likely finally see one again. Banks, lost in a desert of ever weaker interest income, are desperate for the small rewards that a couple of hikes will bring. But there are stark risks that higher borrowing costs and a slowing economy may ...

  Read More »
• 26 April

  The bigger drama is in China now

  

  It’s never safe to ignore China. And it’s still too soon to forget about the pandemic. The country’s rapidly depreciating currency and especially the Covid lockdowns spreading from city to city are raising fears, yet again, of a Chinese shock to global growth. The weakening of the yuan over the last week cannot be ignored. Since Chinese authorities first allowed ...

  Read More »
• 26 April

  CEOs went quiet about equality during Covid

  Until the pandemic hit, companies were becoming more willing to open up about the diversity of their workforce. But even those that embraced transparency went shy on the topic when Covid hit. That suggests they have something to hide when it comes to how they managed staff during the health crisis. A record 173 companies, with a combined market value ...

  Read More »
• 26 April

  A redistricting gamble that Dems will regret

    Amid all the ominous political news of this season, Democrats have kept their eyes fixed on a ray of hope: States were redrawing the lines that define congressional districts, and Democrats were making out well in the process. “How Democrats are winning congressional redistricting fights” was a CNN.com headline last month. “Republicans built on their existing gerrymanders to try ...

  Read More »
• 26 April

  Heathrow sees summer boom giving way to ‘winter freeze’

  

  Bloomberg London Heathrow airport raised its passenger forecast but warned that demand is likely to drop off later in the year as a summer boom gives way to a “winter freeze.” The airport, Europe’s biggest hub before the Covid-19 pandemic decimated travel, raised its annual passenger forecast by 16%. Even so, it will remain unprofitable this year after total losses ...

  Read More »
• 26 April

  Cathay adds HK-London flights as Covid rules eased

  

    Bloomberg Cathay Pacific Airways Ltd flights from London to Hong Kong will go from as little as two a month to as many as three a day in June as the airline attempts a rebound of sorts from Covid-19. The airline’s schedule shows a jump in flights days after Hong Kong said it will open to non-residents starting from ...

  Read More »
• 26 April

  JCPenney owners offer $8.6b for Kohl’s, NY Post reports

  

  Bloomberg Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp in a deal that would be worth more than $8.6 billion, according to a report in the New York Post. Simon and Brookfield, which bought rival department-store chain JCPenney out of bankruptcy, have offered $68 a share, according to people with knowledge of the talks ...

  Read More »
• 26 April

  Walmart seeks ‘chic’ design halo in decor deal with HGTV stars

  

  Bloomberg Walmart Inc is looking to boost its decor credentials with a new outdoor furniture line backed by Dave and Jenny Marrs, a builder-designer duo known for their home-remodeling shows on HGTV. The collection includes a porch swing and dining table from the couple, who star on the show Fixer to Fabulous. Walmart plans to add indoor furniture soon, Julie ...

  Read More »