January, 2022

• 13 January

  Taiwan’s tech giants face a culture shock in India

    A year after Apple Inc supplier Wistron Corp. faced an uprising in India, its larger rival Foxconn Technology Group is encountering a similar rebuke. This time, their key client is getting drawn into what ought to serve as a wake-up call for Taiwanese manufacturers in the South Asian nation. Concerns about food safety and accommodation standards spurred Apple to ...

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• 13 January

  Cathay Pacific to comply with probes on Omicron outbreak

  

    Bloomberg Cathay Pacific Airways Ltd Chairman Patrick Healy said the airline will cooperate with two government investigations after outbreaks of the Omicron variant were traced back to crew who were allowed to skip strict quarantine requirements aimed at keeping the city Covid free. Hong Kong Chief Executive Carrie Lam on Tuesday reimposed some of its strictest virus curbs since ...

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• 13 January

  West Coast airport flights halted on NK’s missile

  

    Bloomberg Flights out of some airports on the US West Coast were briefly halted by aviation regulators as a precaution after North Korea launched a high-speed missile in a test. The so-called ground stop, which paused departures from an unspecified number of airports, lasted less than 15 minutes. North Korea’s missile flew at almost 10 times the speed of ...

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• 13 January

  Sainsbury raises profit forecast after strong Christmas sales

  

    Bloomberg J Sainsbury Plc raised its profit forecast following strong Christmas sales, defying concern that supply chain problems and a surge of Omicron infections would hit demand over the festive period. Britain’s second-largest grocer said Wednesday earnings have been boosted by cost cuts, and as it matched prices of discounter Aldi on many products to attract shoppers who celebrated ...

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• 13 January

  Amazon’s analyst fan base grows even more after stock stalled

  

    Bloomberg Wall Street is keeping its faith in Amazon.com Inc., the only megacap technology stock with unanimous analyst buy ratings, even after the e-commerce giant lagged behind its peers by a huge margin for the past 18 months. Morgan Stanley grew more optimistic on the shares after their worst annual performance since 2014, raising its price target Monday and ...

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• 13 January

  China blasts KFC’s ‘irrational buying’ promo

    Bloomberg China is urging consumers to boycott a promotion offered by KFC and toy retailer Pop Mart International Group Ltd., saying it encourages food waste— the latest example of a foreign brand running into trouble in the world’s second-largest economy. The China Consumers Association said in a statement Wednesday that one person bought 106 meals, spending nearly 10,500 yuan ...

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• 13 January

  Nato-Russian talks drift into overtime as Ukraine watches

  

    Bloomberg A meeting between senior Russian and Nato officials in Brussels is running longer than scheduled as the two sides continue their diplomatic push to ease tensions over Moscow’s troop build-up near Ukraine. The encounter comes after a US-Russian meeting in Geneva earlier this week, with Western diplomats still struggling to discern the real intentions of Russian President Vladimir ...

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• 13 January

  Donald Trump says his Twitter ban damaged ‘integrity’ of US elections

    Bloomberg Former President Donald Trump claimed Twitter Inc “damaged the integrity” of the US election system by banning him from its social-media platform for stoking last year’s insurrection. Trump, permanently suspended from Twitter after a mob of his supporters raided the US Capitol to prevent the certification of Joe Biden as winner of the 2020 presidential election, is seeking ...

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• 13 January

  Taiwan finds debris near area where F-16 went down

    Bloomberg Taiwan found debris near the area where one of its most advanced fighter jets went missing, as the search for the pilot and his aircraft stretched into a second day. The wreckage was found Wednesday close to where the F-16V disappeared during a training exercise, Taiwan’s National Rescue Command Center said in a text message. It is the ...

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• 13 January

  Kim Jong-un oversaw latest North Korea hypersonic missile

  

    Bloomberg North Korean leader Kim Jong-un personally oversaw his regime’s latest hypersonic missile test, official media reported, as he pushes to develop weapons to counter US defenses. The Korean Central News Agency said the hypersonic glide vehicle made a 240-kilometer (150-mile) “corkscrew” maneuver during flight to hit a target in waters 1,000 kilometers away. It called the launch “a ...

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