May, 2021

• 17 May

  Philippine Air in talks with aircraft lessors

  

  Bloomberg Philippine Airlines Inc has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines. The carrier is stepping up cargo operations and flying to new destinations, particularly to the Pacific region, to generate revenue, Santa Maria …

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• 17 May

  EasyJet seeks successor to chairman John Barton

  Bloomberg EasyJet Plc has hired headhunters to find a successor for its chairman, John Barton, with the aim of having a candidate in place by next year’s annual general meeting, Sky News reported, citing the company. The low-cost airline is working with Lygon Group to replace Barton, who’s preparing to step down. He’ll have served nine years in May 2022, …

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• 17 May

  Amazon to hire 10,000 jobs after lockdown ends in UK

  

  Bloomberg Amazon.com Inc will hire 10,000 more people in the UK, taking its total headcount in the country to 55,000 by the end of 2021 and making the ecommerce giant one of few big employers adding jobs during the pandemic. It comes a day after the world’s largest online retailer said it’s hiring 75,000 workers for its sprawling North American …

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• 17 May

  Walmart among retailers dropping masks over CDC rules

  

  Bloomberg Walmart Inc said fully vaccinated staff and customers can now leave their masks at home, a decision that could influence how other businesses respond to the latest government guidance. The nation’s biggest private employer said fully vaccinated staff need not wear a mask at work starting from May 18, the same day the retailer reports first-quarter results. The rule …

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• 17 May

  General Mills makes $1.2b bet on pets

  Bloomberg Cereal giant General Mills Inc continued its push into what it calls the “humanisation of pets” with a $1.2 billion deal to buy a division from Tyson Foods Inc that sells treats under brands like Nudges and Top Chews. The division, started in 2011, tallied more than $240 million in revenue over the past 12 months through April 3, …

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• 17 May

  Barclays faces senior credit trader exodus over bonuses

  

  Bloomberg Barclays Plc has been hit by a string of departures among senior credit traders in New York and London unhappy that their bonuses failed to reflect the pandemic profit surge. The bank has offered promotions to some employees and given assurances over future pay in an attempt to address their concerns, according to people familiar with the matter, who …

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• 17 May

  DBS kicks off Asia’s first bank-backed crypto trust service

  

  Bloomberg DBS Private Bank started Asia’s first bank-backed trust solution for cryptocurrencies as demand for digital assets increases. The offering will allow private banking clients to invest, custodise and manage these assets in a safe, secure, and structured manner, DBS group Holdings said in a statement. It builds on the DBS Digital Exchange, which launched in December, and offers institutional …

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• 17 May

  Chile pledges record-low key rate until recovery takes hold

  

  Bloomberg Chile’s central bank held its benchmark interest rate at a record low and said borrowing costs would stay at that level as long as needed for the economic recovery to strengthen. The bank board, led by its President Mario Marcel, kept the overnight rate at 0.5%. In an accompanying statement, policy makers wrote that economic prospects have improved. “The …

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• 17 May

  ECB pressed by banks to extend capital relief

  

  Bloomberg Banks are lobbying the European Central Bank (ECB) to extend temporary capital relief granted during the pandemic to keep credit flowing to fragile economies, according to people familiar with the matter. Lenders on the continent have been pressing officials to be allowed to keep excluding deposits held at central banks when calculating their leverage ratio. The exemption, set to …

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• 17 May

  JPMorgan to bring UK staff back to office next month

  Bloomberg JPMorgan Chase & Co. has told UK-based staff that more of them will return to office working starting next month as the country begins to wind down Covid-related restrictions. The American bank said in a memo that more workers would come to its London and Bournemouth sites from June 21. The offices will operate at a maximum of 50% …

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