March, 2022

• 7 March

  Ethiopian strikes deal for five new 777-8 jets

  

    Bloomberg Ethiopian Airlines signed a memorandum of understanding to purchase five of Boeing Co’s newest air-cargo haulers, the 777-8 freighter, the airline said in an emailed statement. Africa’s largest aviation group is the second customer to announce a commitment for the freighter version of the 777X. Chicago-based Boeing seeks to bring the 777-8 freighter to market by 2027, about ...

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• 7 March

  Hong Kong’s retail slumps to 6-month low as stress looms

  

  Bloomberg Hong Kong’s retail sales grew at the slowest pace since July, with the government warning of further pressure ahead amid a surge in Covid cases. The value of retail sales grew 4.1% in January from a year earlier, compared with the median estimate of 0.4% in a Bloomberg survey of economists. The volume of sales rose 1.7%. The Lunar ...

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• 7 March

  Russia bans some foreign flights to prevent aircraft seizure

  

    Bloomberg Russia will halt some international flights to keep billions of dollars’ worth of aircraft from being taken back by their foreign owners, deepening a rupture in the global aviation industry triggered by the invasion of Ukraine. The government’s move will give Aeroflot and other Russian carriers cover to hold on to hundreds of Airbus SE and Boeing Co ...

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• 7 March

  Inditex shuts shops, halts its online sales in Russia

    Bloomberg Spanish fashion retailer Inditex SA is temporarily closing all its shops in Russia and halting online sales in response to the country’s invasion of Ukraine. The retailer “cannot guarantee the continuity of operations and trading conditions” in Russia, it said in a statement. Inditex has 502 stores in the country, of which 86 are its Zara brand. While ...

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• 7 March

  US airlines trim guidance over jet fuel costs

    Bloomberg US airlines counting on rejuvenated demand for spring and summer travel as the coronavirus wanes now face a new setback as Russia’s attack on Ukraine pushes jet fuel prices to multiyear highs. Carriers could reveal reductions in planned flying as they update financial guidance at industry conferences in the coming weeks, Conor Cunningham, an MKM Partners analyst, said ...

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• 7 March

  Ukraine evacuation efforts fail again as Russia presses demands

  

  Bloomberg Efforts failed for a second day to halt Russia’s siege of the southern Ukrainian port city of Mariupol to allow the evacuation of tens of thousands as President Vladimir Putin pressed ahead with the invasion and demand for the country’s “demilitarization.” Russian troops violated a temporary ceasefire agreement, Anton Herashchenko, an adviser to Ukraine’s interior minister, said on his ...

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• 7 March

  Finland’s leader leverages Joe Biden face time to boost ties

  

  Bloomberg Finnish President Sauli Niinisto met with President Joe Biden in the White House, signaling that he’s looking for a closer relationship with the superpower after Finland’s neighbor Russia invaded Ukraine. They agreed to start a “clear process” to enhance security and defense cooperation, also involving Nordic partners, Niinisto, 73, told reporters after their talks in Washington, DC. Asked whether ...

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• 7 March

  Russia accused of nuclear terrorism as world looks on aghast

  

  Bloomberg President Vladimir Putin was denounced for his “recklessness” after Ukraine said that Russian forces attacked a nuclear power plant, raising the stakes in the war and prompting calls for an even more robust response to the Kremlin’s aggression. Nato foreign ministers and European leaders condemned what Kyiv described as an assault on the Zaporizhzhia facility in southeast Ukraine, Europe’s ...

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• 7 March

  Pence deepens rift with Trump over Putin praise

  

    Bloomberg Former Vice President Mike Pence plans to tell Republican donors that there’s no place in the GOP for “apologists” of Russian President Vladimir Putin, his latest shot at Donald Trump ahead of a possible 2024 presidential election bid. Pence is expected to make the comments about Putin and defend the expansion of Nato in Eastern Europe during a ...

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• 7 March

  Australia to unveil more nuclear submarine plans

    Bloomberg Australia expects to soon announce more specifics of a plan to acquire nuclear-powered submarines under a security partnership with the US and UK, Defense Minister Peter Dutton said. Prime Minister Scott Morrison in September announced the new defense alliance and moved to scrap a deal struck in 2016 with French shipbuilder Naval Group to build as many as ...

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