January, 2022

• 20 January

  5G rollout disrupts flights into US from across world

  

    Bloomberg Airlines around the world are adjusting their schedules and aircraft deployments for flights to the US over fears that a 5G rollout by AT&T Inc. and Verizon Communications Inc. near American airports could interfere with key safety systems. Dubai’s Emirates said it will suspend flights to several US cities, including Chicago, Newark and San Francisco, while Japan Airlines ...

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• 20 January

  Airbus gears up for growth with plans to add 6,000 staff

  

    Bloomberg Airbus SE plans to hire 6,000 new staff in the first part of the year, going some way toward restoring the European planemaker’s workforce following deep cuts during the Covid-19 pandemic. The manufacturer will add positions worldwide and across its aerospace, helicopter and defense & space units, according to a statement on Wednesday. The firm will reassess further ...

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• 20 January

  Burberry sees 35% operating profit surge as sales accelerate

  

    Bloomberg Burberry Group Plc said sales accelerated and operating profit will probably surge about 35% this year as the British maker of trench coats and other luxury fashions sells more products at full prices. The company issued the earnings forecast as it reported better-than-expected revenue for the last three months of the year. Comparable store sales grew 7% in ...

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• 20 January

  Garuda Indonesia restructuring faces delays

  

    Bloomberg Struggling airline PT Garuda Indonesia is facing a delay to its restructuring after creditors cited Covid-19 flare ups in seeking an extension to debt proceedings in the Southeast Asian country. Creditors of the flag carrier, which has seen business suffer due to the pandemic, have requested extensions ranging from 45 to 60 days, according to Jandri Siadari, a ...

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• 20 January

  Retailers ask US regulators to examine Visa, Mastercard fees

    Bloomberg A coalition of trade associations representing some of the world’s largest retailers called on US antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc threatened to ban Visa Inc cards in the UK. The group said it was concerned about the “excessively high” fees Visa and rival Mastercard Inc. charge retailers. Amazon this week ...

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• 20 January

  Fruit, veggie outages in Canada get worse with trucker shortages

  

    Bloomberg Canadian border agents began refusing entry to unvaccinated American truckers just days ago, and it’s already causing chaos— particularly in fruit and vegetable markets. A mandate starting January 15 requires truck drivers crossing into Canada to be vaccinated. However, only about half of American truck drivers have gotten their shots. Meanwhile, as much as 90% of Canada’s fruits ...

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• 20 January

  Blinken to meet Lavrov as US sees Ukraine crisis at key point

  

    Bloomberg Secretary of State Antony Blinken will meet with Russian Foreign Minister Sergei Lavrov in Geneva this week as the US ramps up its warnings that Moscow is prepared to attack Ukraine. Blinken will press Russia to immediately de-escalate tensions on the Russian border with Ukraine, where Moscow has massed more than 100,000 troops and equipment, according to a ...

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• 20 January

  Ukraine court releases ex-president during treason investigation

  

    Bloomberg Former Ukrainian President Petro Poroshenko was released on his own recognizance by a court during a treason investigation that has ratcheted up political tension as the country confronts Russian troops amassing on its eastern border. The decision by the Kyiv court followed Poroshenko’s return from abroad on Monday to face charges over allegations he facilitated coal deals last ...

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• 20 January

  India Congress party pins revival on women in key state poll

  

    Bloomberg An actress jailed for protesting Prime Minister Narendra Modi’s controversial citizenship law, the mother of a rape survivor, and a beauty pageant winner. These are the women leading India’s once-dominant Congress party as it seeks to reinvent itself in a hotly contested state election. The slew of female candidates in India’s most populous state of Uttar Pradesh is ...

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• 20 January

  Johnson suffers blow as Tory MP defects to Labour

  

    Bloomberg Boris Johnson suffered a major setback as he seeks to hold onto power after a member of Parliament in his ruling UK Conservative Party defected to the main opposition. The move by Christian Wakeford, who was elected in 2019 in one of the many so-called red wall seats that swung from Labour to Johnson’s Tories in the general ...

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