April, 2022

• 12 April

  Solar is winning from energy crisis

  

  From the way the public conversation was going, you might think renewable energy was firmly on the back foot as a result of the energy crisis that’s roiled the world since late last year. Transport fuel taxes have been cut to ease the pain of high crude prices in the European Union, India, the UK and US, among other countries. ...

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• 12 April

  Online licensing is one game China can’t lose

    After a nine-month lunch break, China’s National Press and Publication Administration (NPAA) has reopened the window and started issuing game licenses again. Investors may be rejoicing, but rest assured that Beijing has a smile on its face, too. Let’s be clear: The NPPA isn’t some sloth-like bureaucracy that plods forward at DMV speed. In normal times, the Chinese regulator ...

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• 12 April

  The Russian default is a question of when, not if

    Unless Vladimir Putin rapidly comes to his senses and pulls out of Ukraine, Russia is on the verge of being cast out of the international capital markets for a very long time. Any bondholders still invested in the nation’s debt are on their own. The Russian government has tried to maintain payments to its creditors, but the US Treasury’s ...

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• 12 April

  EasyJet sees summer flights approaching pre-Covid levels

  

  Bloomberg EasyJet Plc reiterated its plan to gear up operations to near pre-pandemic levels through the summer high season, as an easing of travel restrictions unleashes pent-up demand. Europe’s second-biggest discount carrier managed to narrow its estimated loss in a fiscal first half roiled by the rise of the omicron variant of Covid-19, and has now turned its focus to ...

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• 12 April

  German freight billionaire doubles stake in Lufthansa

  

  Bloomberg German billionaire Klaus-Michael Kuehne has doubled his stake in his country’s flagship airline Deutsche Lufthansa AG, cementing his position as the carrier’s second-largest shareholder behind the government. KA Logistik Beteiligungen GmbH, controlled by the the 84-year-old Kuehne, doubled its stake in Lufthansa to 10.01%, according to a filing. The investor plans to be a “long-term, stable and reliable partner” ...

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• 12 April

  Amazon kicks off a jumbo 7-part bond sale including 40-year debt

  

  Bloomberg Amazon.com Inc sold $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant issued senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, yields 1.3 percentage points over ...

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• 12 April

  Airports clogged with long queues over travel rebound

  

  Bloomberg Understaffed airports and airlines from Australia to Europe are struggling to cope with a fresh rush of travellers, with long queues and flight disruptions expected to persist as the busy Easter weekend approaches. The aviation industry axed hundreds of thousands of workers to get through the worst of the Covid-19 pandemic. That left airports and airlines short of staff ...

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• 12 April

  Walmart heir Rob Walton plans to bid for Broncos

    Bloomberg Rob Walton, the eldest son of Walmart Inc founder Sam Walton, is planning a bid for the National Football League’s Denver Broncos, according to people familiar with the process. A former chairman of the world’s largest retailer, Walton, 77, is the 17th-richest person on Earth with a net worth of $68.9 billion, according to the Bloomberg Billionaires Index. ...

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• 12 April

  Thais ramp up vaccinations over holiday

  Bloomberg Thailand is rushing to vaccinate its elderly citizens and other vulnerable groups ahead of the local New Year celebrations as the festivities are seen fuelling a surge in Covid cases and deaths, potentially derailing a tentative economic and tourism recovery. Millions of Thais will travel to their hometowns from cities such as Bangkok to join families in celebrating Songkran, ...

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• 12 April

  Germany mulls snubbing India as G-7 guest over Russia stance

  

  Bloomberg Germany is debating whether to invite Prime Minister Narendra Modi to the Group of Seven summit it’s hosting in June, given India’s reluctance to condemn Russia for invading Ukraine, according to people familiar with the matter. Germany is set to include Senegal, South Africa and Indonesia as guests at the meeting in Bavaria, but India remains under consideration, the ...

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