March, 2022

• 17 March

  How to get groceries without using gas

  

  Soaring inflation doesn’t only affect what consumers buy; it also dictates where they shop. As gas prices spike, some habits learned during the pandemic, including limited trips to the grocery store, are set to make a comeback. This time it won’t be to protect health but to save money. The national average gas price hit $4.32 last week, the highest ...

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• 17 March

  There’s a silver lining for your stock market losses

    With April 5, the end of the UK tax year, fast approaching, and many investors nursing significant losses in volatile markets, now is a good time to consider what can be done to mitigate any capital gains tax (CGT) liabilities you might have. Gains in the stock market are especially amenable to careful tax planning. Unlike assets such as ...

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• 17 March

  The Fed will matter more to investors now

    Let’s get ready for an opportunity to think less about bloodshed and suffering in Ukraine, and instead focus on the familiar confines of Wednesday’s decision on monetary policy from the Federal Open Markets Committee. For finance, it probably matters more. Anything other than a hike of 25 basis points in the fed funds rate would count as a major ...

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• 17 March

  Amazon slams India’s Future Retail ‘fraud’ as truce talks fail

  

    Bloomberg Amazon.com Inc told India’s top court that truce talks to bury the dispute with cash-strapped Future Retail Ltd had failed, hours after it published newspapers notices warning the local retailer and its founders that any transfer of assets to Reliance Industries Ltd would trigger civil and criminal legal action. “We made efforts but nothing is possible,” Amazon’s lawyer ...

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• 17 March

  Mumbai airport delays proposed dollar bond

  

    Bloomberg Mumbai International Airport Ltd has delayed a proposed dollar bond offering, according to people familiar with the matter, as market volatility prompts borrowers around the world to adjust their funding plans. The operator of India’s second-largest airport had said in an exchange filing in late February that it would be meeting with investors for the proposed issuance. But ...

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• 17 March

  Russian air travel may disappear as commercial jets not serviced

  

    Bloomberg Russia’s commercial aircraft fleet could falter within months and risks being largely grounded in a few years as sanctions block essential spare parts from Boeing Co and Airbus SE, according to Jefferies Group LLC. “They’ll be able to fly for the next six months to a year fairly well, then parts start breaking and you’ll need replacements,” Jefferies ...

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• 17 March

  Shanghai to divert international flights as virus spreads

  

    Bloomberg More than 100 international flights will be diverted away from Shanghai to other cities to ease pressure on quarantine hotels and isolation facilities in the financial hub as China battles growing pockets of Covid-19. A total of 106 flights on 22 routes will be diverted between March 21 and May 1, state broadcaster CCTV reported, citing a statement ...

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• 17 March

  Heathrow, Virgin, BA to ease mask rules as UK ends curbs

    Bloomberg London’s Heathrow Airport, British Airways (BA) and Virgin Atlantic Airways Ltd are dropping mask requirements as the country scraps remaining Covid-19 travel curbs despite a new flareup in cases. Masks will no longer be needed in Heathrow terminals, rail stations or office buildings from Wednesday, the airport said in a statement. IAG SA-owned British Airways and Virgin will ...

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• 17 March

  H&M growth accelerates over markdowns

    Bloomberg Hennes & Mauritz (H&M) AB said sales growth accelerated as the Swedish retailer reduced the level of markdowns on its garments. Revenue rose 23% excluding currency shifts in the three months through February. Sales amounted to 49.2 billion kronor ($5.1 billion). Analysts expected 49.1 billion. Like other retailers, H&M decided to temporarily pause sales in Russia, its sixth-biggest ...

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• 17 March

  Zelenskiy pleads for aid, tells US Congress ‘remember Pearl Harbor’

  

  Bloomberg Ukrainian President Volodymyr Zelenskiy made a dramatic plea to the US for more help fending off Russia’s invasion, targeting members of Congress who are ready to provide money and equipment but still unwilling to countenance his biggest ask: A no-fly zone over his country. “Russia has turned the Ukrainian sky into a source of death for thousands of people,” ...

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