March, 2022

• 15 March

  Britain exploring using coal to help keep lights on next winter

  

    Bloomberg The UK held exploratory talks with Electricite de France (EDF) SA about the possibility of keeping the West Burton A coal-fired power plant generating beyond the end of September, when it’s due to close. The talks are at a very early stage, according to a person familiar with the matter. As things stand, EDF is running down stockpiles ...

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• 15 March

  San Miguel to build $1.1b gas-fired power plants

    Bloomberg San Miguel Corp will build two gas-fired power plants in central Philippines for $1.14 billion) as the nation’s largest conglomerate shifts away from coal. Indirect subsidiary Prestige Power Resources Inc will construct a 600-megawatt combined cycle gas plant in Leyte province for 41.5 billion pesos, while another indirect unit Reliance Energy Development Inc is planning a 300-megawatt plant ...

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• 15 March

  Does the German army scare Russian president?

  

  Germany’s armed forces are “more or less bare,” the country’s most senior army officer, Alfons Mais, declared last month in reaction to Russia’s invasion of Ukraine. “The options that we can offer the politicians to support the alliance are extremely limited. We all saw it coming and were not able to get through with our arguments … This does not ...

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• 15 March

  Supply chain woes amid Ukraine war

  

    Maybe port logjams and semiconductor shortages weren’t such bad problems to have after all. CEOs have talked of little else for the better part of the past year, but these issues feel rather beside the point compared with the tragic loss of life wrought by Russia’s invasion of Ukraine and have largely dropped out of the headlines. For example, ...

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• 15 March

  Can India overthrow Visa and Mastercard?

    Long before the war in Ukraine, India’s Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft — and that he should channel the rising economic power of his country’s 1.4 billion people to resist the dominance of Visa Inc, Mastercard Inc and American Express Co. “Everyone cannot go to the border for ...

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• 15 March

  The Fed faces a policy dilemma of its ‘design’

    The Federal Reserve is in a deep hole of its own making as its top policy committee meets to announce the start of a long-anticipated cycle to raise interest rates. Inflation is at a 40-year high and still accelerating, the Fed’s inflation-fighting credibility is damaged, and it has lost control of the monetary policy narrative. Add to that the ...

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• 15 March

  Bermuda delists Russian jets in setback for foreign owners

  

    Bloomberg Bermuda’s Civil Aviation Authority removed all aircraft tied to Russia from its airworthiness registry, exposing hundreds of jetliners owned by foreign leasing firms to devaluation. “International sanctions on the aviation sector have had a significant impact on the ability to sustain safety oversight on Russian-operated aircraft,” the authority said on its website. The agency said it’s “unable to ...

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• 15 March

  Australia, Netherlands sue Russia over ‘MH17’

  

    Bloomberg Australia and the Netherlands started legal proceedings against Russia over the downing of Malaysia Airlines Flight MH17, more than seven years after the deadly crash. The move, at the International Civil Aviation Organization, comes after Russia “unilaterally” ended negotiations with the two countries and comes as well as the national prosecution of four suspects in the crash, according ...

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• 14 March

  Indian e-comm billionaire Sachin Bansal’s Navi files for $440m IPO

  

    Bloomberg Navi Technologies Ltd, the fintech startup founded by technology billionaire Sachin Bansal, has filed initial documents for a 33.5 billion-rupee ($440 million) initial share sale, a sign India’s technology startup industry hasn’t fully lost IPO momentum. Navi’s IPO will consist entirely of new shares, according to its draft prospectus, meaning that all proceeds will be plowed directly back ...

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• 14 March

  BA-operator Comair remains grounded in South Africa

    Bloomberg South African carrier Comair Ltd remained grounded after being suspended indefinitely by the country’s aviation regulator pending a review of concerns raised about safety. The operator of IAG SA-owned British Airways (BA) flights in the country and the domestic low-cost airline Kulula has provided a response that is being reviewed, the Civil Aviation Authority said. The ruling follows ...

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