March, 2022

• 25 March

  Inflation is coming for pricey habits

  

  Inflation is coming for consumers’ pricey pandemic habits. Whether choosing restaurant dinners delivered to their door or at-home meal kits, many Americans have prioritised convenience over cost for the past two years. Food-delivery was a big beneficiary. Some of the top platforms including DoorDash Inc and Uber Eats enjoyed triple-digit growth rates, supercharged by Covid fears and the suspension of ...

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• 25 March

  Can UK Tories afford to be a low-tax party again?

    When Rishi Sunak ditched his Thatcherite principles to flood the UK economy with public spending during the pandemic, he fully expected to roll back the largesse soon after. Instead, Britain’s Chancellor of the Exchequer found himself announcing successive new rounds of spending increases and raising taxes to their highest in more than 70 years. Sunak set out to bring ...

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• 25 March

  Putin, Xi exposed great illusion of capitalism

    A book published in 1919 on “The Economic Consequences of the Peace” isn’t the obvious starting place for understanding the economic consequences of the current war in Ukraine. But it’s worth taking a little time to read John Maynard Keynes’s famous description of the leisurely life of an upper-middle-class Londoner in 1913 — just before the Great War changed ...

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• 25 March

  Airbus scouts India in search of elusive widebody customer

  

    Bloomberg Airbus SE has tried for years to find a new customer for its bigger jets in India, the world’s fastest growing aviation market before Covid shattered travel. Two of its previous buyers went bankrupt, while another was sold, giving arch rival Boeing Co a firm foothold in the South Asian nation’s market for transcontinental planes. Remi Maillard, the ...

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• 25 March

  CD&R’s $9.2b Morrison deal faces probe in UK

  

    Bloomberg Clayton Dubilier & Rice (CD&R) LLC has been given five days to address competition concerns in its 7 billion pound ($9.2 billion) purchase of British grocer Wm Morrison Supermarkets Plc or it will face an in-depth probe from the UK’s watchdog. The Competition and Markets Authority (CMA) said the deal could lead to higher fuel prices in 121 ...

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• 24 March

  Major airlines urge Hong Kong to drop Covid-19 tests for crew

  

    Bloomberg A coalition of leading passenger and cargo airlines is calling on Hong Kong to scrap pre-flight and on-arrival Covid-19 tests for aircrew, saying they are a key reason to avoid flying to the city. Hong Kong is the only jurisdiction in Asia that requires such tests, which lead to delays and the risk of staff being sent to ...

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• 24 March

  Next cuts profit forecast as war, inflation knock confidence

  

    Bloomberg Next Plc lowered its profit and sales guidance for this year as the war in Ukraine and record inflation in Britain dimmed the retailer’s outlook. The clothing and housewares chain forecast a profit of 850 million pounds ($1.1 billion) in the year through January, a 10 million-pound drop on a previous estimate, in a statement. Often considered a ...

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• 24 March

  Vaccine passports likely to become unnecessary: Goh

  Bloomberg Vaccine passports will probably become redundant as more people are inoculated against Covid, and efforts to create a common standard are stymied by differing entry requirements, the head of the world’s biggest airline alliance said. “There’s no way that this has been integrated in one place,” Star Alliance Chief Executive Officer Jeffrey Goh said in an interview in Singapore. ...

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• 24 March

  Amazon halts work on San Francisco depot

    Bloomberg Amazon.com Inc has stopped work on a new warehouse in San Francisco after the city’s Board of Supervisors voted unanimously to implement a moratorium on new parcel delivery services there. The incident is the latest flashpoint between Amazon and some of the communities where it’s setting up shop amid a rapid expansion of its urban presence. The world’s ...

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• 24 March

  Nato boosts forces in east amid warnings on chemical incidents

  

  Bloomberg Nato agreed to boost its deployments in the eastern portion of the defense alliance, doubling the number of battle groups to eight, as the US said it is working with Nato to prepare for possible biological or nuclear incidents by Russia. The world’s leading developed nations plan to warn President Vladimir Putin against deploying such weapons amid his stalled ...

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