February, 2022

• 23 February

  India inflation gets room to grow, but that may bite

  

  Inflation is getting a free pass in India. Policy makers seem to believe that by not raising interest rates and letting prices bubble up for a bit they will encourage investment and employment and boost post-pandemic growth. In reality, however, the connection between output, jobs and prices may be more complex. Ignoring inflation may just allow it to bite. India’s ...

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• 23 February

  Prepare to pay up for summer vacation

  

  We’re all finally going on a summer holiday. That’s the hope anyway. Evidence of a recovery in leisure travel is mounting, but we’ve been here several times before. There is still a risk that our wanderlust is curbed by the emergence of a new variant, an escalation of tensions in Ukraine or a surge in living costs. For now, though, ...

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• 23 February

  An all-new generation of masters of the universe

    For years, hedge fund managers were the undisputed masters of the universe. They influenced the fortunes not just of companies and markets but countries too. No more. They have been usurped at the top of the financial food chain by a new breed of market savant. Nowhere is the power shift more apparent than in South Korea. When Korea ...

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• 23 February

  Hidden message behind China’s Big Tech wipeout

    It’s the $96 billion — and counting — question for investors in China. After last year’s bruising crackdown on Big Tech, Wall Street has been speculating on when Beijing will relent. The latest selloff in benchmark tech stocks is a wake-up call that the worst is far from over. The government said that China’s online food-delivery platforms should reduce ...

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• 23 February

  Airbus to work with CFM on hydrogen engine technology

  

    Bloomberg Airbus SE is set to announce a partnership with engine-maker CFM International to work on hydrogen propulsion as it targets introduction of a passenger aircraft running on the fuel by 2035, according to people familiar with the matter. An announcement involves adapting a current-generation CFM engine to run on hydrogen, said the people, who asked not to be ...

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• 23 February

  Air France wins investors’ support for capital increase

  

    Bloomberg Air France-KLM has won shareholder support for a capital increase, and will go ahead when its stock price allows it, French newspaper Les Echos reported without saying how it obtained the information. The recapitalisation will take place in the next few months, with main shareholders including the French state, as well as the Netherlands, Delta Airlines and China ...

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• 23 February

  Kuwait Air adds smaller Airbus aircraft in restructured order

  

    Bloomberg Kuwait Airways restructured its order with Airbus SE, adding longer-distance single-aisle aircraft while reducing a commitment to the largest jetliners as it adapts to post-Covid demand. The loss-making airline added three A321LR narrowbodies, which will be used to serve mid-size destinations such as Manchester, England, from Kuwait. It also upscaled six A320neos to the bigger A321neo model, Chairman ...

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• 23 February

  HK bans KLM flights from Amsterdam, Scoot from S’pore

  

    Bloomberg One of the last air links between two key Asian financial hubs has been severed, with Hong Kong banning Singapore Airlines Ltd’s budget carrier Scoot from flying to the city for two weeks after passengers tested positive for Covid on arrival. KLM Royal Dutch Airlines services from Amsterdam are also prohibited from February 21 to March 6, Hong ...

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• 23 February

  Only one more flight from S’pore to Hong Kong in Feb

    Bloomberg Singapore Airlines Ltd’s budget carrier Scoot has stopped accepting bookings to Hong Kong until March 7, signalling it is the latest airline to be banned from flying to the city for two weeks. The move severs one of the last air links between the Asian financial hubs, with a service by Cathay Pacific Ltd’s HK Express unit the ...

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• 23 February

  Workman to open store in Tokyo’s Ginza

  Bloomberg Workman Co, a Japanese retailer specialising in blue-collar work wear, will open a store in Tokyo’s upscale Ginza district in April as part of its expansion into women’s fashion, Nikkei reported Tuesday. Workman, founded in 1979, operates a chain of stores selling protective gear for factory and construction site workers. Its simple waterproof jackets and thermals gained a following ...

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