April, 2022

• 13 April

  TotalEnergies investors demand bigger climate push ahead of annual meeting

  

    Bloomberg French energy giant TotalEnergies SE will face calls to take a tougher stance on climate at its annual shareholders’ meeting next month. A group of 11 investors have filed a resolution demanding the company set and publish climate goals consistent with those of the Paris Agreement. While the shareholders represent a small portion of Total’s capital — about ...

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• 13 April

  Russians know what their military is doing in Ukraine

  

  The atrocities that Russian troops have committed in Ukraine raise two questions about Russians at home: Do they know their military is doing these things? And if they do, are they OK with it? The answers are almost certainly “Yes” and “They’re working on it.” The degree of civilians’ ignorance may not matter much for Russia’s redemption, should that ever ...

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• 13 April

  LVMH isn’t feeling pain of war, inflation

  

  LVMH Moet Hennessy Louis Vuitton SE has kicked off the luxury reporting season in style. The company said that its fashion and leather goods division recorded a 30% increase in sales excluding currency movements and mergers and acquisitions in the three months to March 31. Analysts had expected a 23% gain. Although the shares had fallen 13% between the start ...

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• 13 April

  Is New Zealand raising rates into a recession?

    For New Zealand, having the most hawkish central bank in Asia doesn’t go far enough. Officials are intensifying their battle against inflation, even as confidence ebbs and the vital housing industry teeters. Is the country racing toward a recession? The Reserve Bank of New Zealand (RBNZ) raised its benchmark interest rate by a half a percentage point to 1.5%, ...

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• 13 April

  US must show India it’s better ally than Putin

    India has surprised and disappointed many of its fellow democracies by refusing to directly condemn Russia’s invasion of Ukraine. Some US officials have even let their frustrations spill out in public. Although understandable, such criticisms are mostly unproductive. The US and its allies should instead concentrate on showing India that the country’s interests are better served through partnership with ...

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• 13 April

  Tesco faces profit squeeze as inflation threatens spending

  

  Bloomberg Tesco Plc warned profit will be squeezed this year as the UK’s biggest supermarket chain battles to keep prices low for consumers facing a cost of living crisis. The stock fell to its lowest level in more than six months. The grocer, along with rivals like Wm Morrison Supermarkets, is grappling with inflation that soared to a 30-year high ...

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• 13 April

  Louis Vuitton, Dior post strong revenue growth

  

    Bloomberg LVMH SE posted strong revenue growth as the world’s largest seller of luxury goods defied disruptions from the war in Ukraine and the resurgence of Covid-19 in China, a potential harbinger for the rest of the industry. First-quarter sales advanced 23% on an organic basis to 18 billion euros ($19.5 billion), led by LVMH’s biggest unit, fashion and ...

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• 13 April

  Boeing 737 Max simulator glitches prompt India to ground 90 pilots

  

    Bloomberg India barred 90 pilots from flying Boeing Co 737 Max jets after finding problems with a simulator they’d trained on to operate the aircraft, which the country cleared to fly again in August following a global grounding. A routine check of the simulator revealed deficiencies, and an investigation is underway to discover what caused them, Arun Kumar, chief ...

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• 13 April

  Walmart hires PayPal’s Rainey as CFO to succeed Biggs

  

    Bloomberg Walmart named PayPal Holdings Chief Financial Officer as its new finance chief, turning to a company outsider as it seeks to build a financial-technology venture and a membership program. Rainey will start his new job June 6, Walmart said in a statement. A veteran of United Airlines who jumped to PayPal in 2015, Rainey will replace Brett Biggs, ...

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• 13 April

  US online inflation held at 3.6% in March

  Bloomberg Online prices in the US rose 3.6% last month from a year earlier, matching February’s record high, according to data compiled by Adobe Inc. From groceries to clothes and pet products, 14 of the 18 categories tracked by Adobe recorded price increases since March 2021. Online inflation, first observed in June 2020 after years of declines, has now persisted ...

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