April, 2022

• 14 April

  US jet fuel supplies sink at East Coast as output grows

  

    Bloomberg Jet fuel supplies on the US East Coast have never been lower, despite producers boosting output amid rising demand. Inventories for the region are at a historic low in government data going back to 1990. Nationally, stockpiles are at their lowest on a seasonal basis since 2004. Meanwhile, implied jet fuel demand based on a four-week average rose ...

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• 14 April

  Travellers face hour-long queues at Australia’s biggest airports

  

  Bloomberg Australians traveling for the Easter break are again anticipating hour-long waits as the nation’s largest airports and airlines continue to battle a staffing crisis. Sydney Airport has advised people traveling domestically to arrive more than two hours ahead of their scheduled flight — twice as long as usual — as it braces for 82,000 travellers to pass through its ...

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• 14 April

  Cartier CEO sees luxury demand withstanding rising prices

  

  Bloomberg Cartier plans to raise prices in the next several weeks, making it the latest luxury brand to bet its customers are willing to spend more for their high-end watches, jewellery and accessories. The “mild” price increase will partially offset the rise of the US and Chinese currencies against the euro, according to CEO Cyrille Vigneron. It will also help to ...

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• 14 April

  UK’s Iceland slashes vegetable prices to 1 penny per pack

    Bloomberg UK supermarket chain Iceland cuts vegetable prices to 1 penny per pack in a bid to woo shoppers squeezed by the rising cost of living. The company is cutting prices in the runup to the Easter holiday, it said in an emailed statement, and the online offer quickly became popular. Customers can buy any of the more than ...

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• 14 April

  FirstCry nears $700m Mumbai IPO

    Bloomberg E-commerce startup FirstCry.com is planning to file for an initial public offering in Mumbai as soon as this month that could raise about $700 million, according to people familiar with the matter. The online baby product marketplace is seeking a valuation of at least $6 billion, said the people, who asked not to be identified as the information ...

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• 14 April

  Russia warns of nuclear buildup if Finland, Sweden join Nato

  

  Bloomberg Russia threatened to deploy nuclear weapons in and around the Baltic Sea region if Finland and Sweden join the North Atlantic Treaty Organization (Nato) as tensions fuelled by President Vladimir Putin’s invasion of Ukraine spread. “In this case, there can be no talk of non-nuclear status for the Baltic,” Dmitry Medvedev, deputy chief of Russia’s Security Council and former ...

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• 14 April

  Russian troops risk repeating blunders if they try for May 9 win

  

  Bloomberg French President Emmanuel Macron has become the latest leader to warn a major Russian assault in eastern Ukraine is imminent. If that’s the plan, its troops risk repeating at least some of the mistakes made in trying to take the capital, Kyiv. According to European and Nato diplomats familiar with the matter, Ukraine’s allies see a two-week window to ...

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• 14 April

  Johnson reveals plan to send asylum seekers to Rwanda

  

  Bloomberg Boris Johnson revealed a controversial plan to send asylum seekers who cross the English Channel to Rwanda, a move the UK prime minister said will face significant legal hurdles as he tries to position his government on a flash-point political issue. Migrants who come to Britain on small boats risk being sent to the African state, Johnson said in ...

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• 14 April

  Sri Lanka seeking up to $4b as IMF talks set to start

  

  Bloomberg Sri Lanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis and plans to start talks with the International Monetary Fund (IMF) for help, Finance Minister Ali Sabry said. The nation is looking at making a “decent case” before the IMF to help preserve the economy, he said in an ...

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• 14 April

  India’s hawkish pivot lifting repo rate to three-year high

  

    Bloomberg India’s central bank would have to gradually hike the benchmark interest rate to its highest in three years as it battles to curb inflation that’s hovering above its targeted range, economists said. The Reserve Bank of India (RBI) might change its stance to neutral from accommodative in the June policy, topping it up with a 25 basis points ...

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