February, 2022

• 21 February

  Fed is not right place to fight climate change

    The latest Republican objection to Sarah Bloom Raskin’s nomination to the US Federal Reserve concerns a possible conflict of interest she had while serving on the board of a financial technology company. Far more disturbing — and far more justifiable as an objection — are her ideas about how to use the Fed to fight climate change. Using monetary ...

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• 21 February

  American Air cuts more int’l flights on Dreamliner delays

  

    Bloomberg American Airlines Group Inc is making additional cuts to its international flight plans this summer because of ongoing delays in deliveries of Boeing Co 787 Dreamliners, a setback for the carrier just as global travel is expected to begin recovering from a pandemic slump. The airline will delay until November from June the start of a flight between ...

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• 21 February

  Supply-chain troubles hit Rice Krispies in US

  

    Bloomberg Rice Krispies are the latest victim of US supply-chain troubles. Shoppers around the country have taken to social media to probe the absence of the Kellogg Co cereal brand from their grocery-store shelves. The company confirmed the problems, citing a temporary shortage due to manufacturing constraints. “We do not have an estimated date on when it will be ...

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• 21 February

  FAA chief who led during 737 Max crisis is stepping down

  

  Bloomberg Steve Dickson, who led the US Federal Aviation Administration (FAA) through a tumultuous period following fatal crashes of Boeing Co’s 737 Max and the Covid-19 pandemic, is stepping down from the agency at the end of March. Dickson informed FAA’s employees in an email of his plan to depart less than three years into his five-year term. He called ...

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• 21 February

  Expedia CEO predicts ‘busiest travel season ever’ this summer

  

  Bloomberg Expedia Group Chief Executive Officer Peter Kern believes that 2023 will be the year that we stop predicting a travel recovery and actually start enjoying it. But before then, he forecasts something bolder: “Summer 2022 will be the busiest travel season ever,” he tells Bloomberg, speaking over Zoom in Wyoming. “We’ve been talking about pent-up demand for a long ...

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• 21 February

  Cathay seeks negative test from HK passengers flying to China

    Bloomberg Cathay Pacific Airways Ltd is to require all passengers flying to mainland China from Hong Kong to present a negative Covid-19 test result within 48 hours of departure, according to a statement. The move is a “precautionary measure to reduce the risk of exposure” for passengers and Cathay employees, and will start on February 23, the Hong Kong-based ...

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• 21 February

  Embraer halts development of E2 jet

  Bloomberg Embraer SA’s board approved a pause in development of the slow-selling E175-E2 jetliner for another three years, further delaying the aircraft’s market debut. The Brazilian planemaker plans to resume work following the hiatus, targeting an entry into service between 2027 and 2028, Embraer said. The 80-seat aircraft is the smallest of a three-jet family manufactured by Embraer that target ...

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• 21 February

  Russia, Belarus extend joint drills near Ukraine border

  

    Bloomberg Russia and Belarus will extend their biggest joint military drills in years, the Belarusian Defense Ministry said, as frictions spike with the West over Russia’s military buildup near the Ukraine border. Russia had said it would return its troops to their bases afterward. While those drills are in Belarus, which is north of Ukraine, the defense ministry statement ...

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• 21 February

  Canadian police clear protesters from front of parliament

  

    Bloomberg Police dislodged anti-vaccine protesters from the street in front of Canada’s parliament building, clearing the center of a weeks-long blockade that paralysed the capital city’s downtown and plunged the nation into crisis. By evening, a total of 170 people had been arrested as police intensified their actions, deploying pepper spray, batons and mounted units to remove demonstrators. But ...

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• 21 February

  Slovenia’s election roiled by hotel deal linked to Orban ally

  

    Bloomberg Slovenia’s premier faces pressure before April elections to block a deal that would hand a large chunk of the country’s biggest tourism group to a buyer with ties to the family of Hungarian Prime Minister Viktor Orban. Political parties have called for an extraordinary parliamentary meeting for February 28 to demand the state exercise its right to buy ...

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