January, 2022

• 10 January

  Norway boosts aid for households facing surging power bills

  

    Bloomberg Norway boosted an aid program to offset soaring electricity costs for a second time in less than a month, citing the “socially unjust” effect of high prices on households. The state will cover 80% of power costs when the market price for electricity is above 70 Norwegian ore ($0.08) per kilowatt hour in the January to March period, ...

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• 10 January

  Private equity won’t be the savior of fossil fuels

  

    There’s a frequent warning made in recent years to investors seeking to pressure companies to offload their fossil fuel assets: If listed businesses don’t own those mines, they’ll go over to the dark side. Polluting businesses sold to private equity may continue to “operate under new owners in the shadows,” former US Vice President Al Gore warned in the ...

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• 10 January

  Omicron is raising cruel issue of triage

  

    At some point after he became chief surgeon in Napoleon’s army, Dominique Jean Larrey started walking across blood-soaked battlefields to pick out those among the wounded who could still be saved, usually by instant amputation of limbs. In time, he developed a system of sorting and separating — trier in French — the casualties. Ignoring rank and nationality, he ...

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• 10 January

  Jack Dorsey should focus on streaming, not tweeting

    A new year’s resolution for billionaire Jack Dorsey: Spend more time on Tidal, the music-streaming platform recently acquired by his fintech firm Block, and less time on Twitter, where he’s no longer in charge but still making himself heard. Block’s $297 million purchase of a majority stake in Tidal was one of many post-Covid music milestones over past year, ...

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• 10 January

  Car dealership laws aren’t fit for electric age

    Car dealerships are, in essence, giant lots staffed by folks trained in the art of emptying those lots as quickly as possible and repeating the process ad infinitum. But 2021 was a strange year for all of us, dealers included. Their lots emptied … and then quite often stayed empty as supply-chain snafus idled auto factories. Figures indicate sales ...

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• 10 January

  Mexico City airport lines reach sidewalks as Omicron surges

  

    Bloomberg Travellers at Mexico City’s airport had to withstand lines that stretched far outside the hub’s doors and onto the sidewalk just to drop off their bags as airlines were hit with staffing shortages due to Covid-19. At least 65 Mexico City flights were cancelled over the past 24 hours, according to tracking site FlightAware. Over the past week, ...

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• 10 January

  American airlines seek short-term pilots deals

  

    Bloomberg American Airlines Group Inc. and its pilots will seek to reach a short-term contract agreement through a “super negotiations” strategy of accelerated talks starting this month. The two sides will meet five days a week for one month starting Jan. 17, the Allied Pilots Association union told its members. The negotiations will focus on scheduling and compensation in ...

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• 10 January

  Starbucks Arizona union vote ordered by US labor board

  

    Bloomberg A US labor official granted a request by Arizona workers at Starbucks Corp. to hold an election that could expand the new unionized foothold at the retail coffee chain, rejecting the company’s arguments against holding store-by-store votes. The National Labor Relations Board’s regional director ordered that ballots be mailed out January 14 to employees at a store in ...

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• 10 January

  Whole Foods claims constitutional right to disallow ‘BLM’ masks

  

    Bloomberg US labor board prosecutors are trying to violate Whole Foods Market’s copyright and constitutional rights by forcing it to let employees wear “Black Lives Matter” (BLM) masks at work, the Amazon.com Inc. subsidiary claims. In a December 17 filing with the National Labor Relations Board, Whole Foods denied the agency general counsel’s allegations that the company violated federal ...

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• 10 January

  Amazon appeals Future arbitration halt

    Bloomberg Amazon.com Inc.’s Indian unit petitioned the country’s Supreme Court against a halt on an arbitration case against Future Retail Ltd.’s asset sale to Reliance Industries Ltd., according to people familiar with the filing. Amazon urged the top court to lift the halt ordered on Jan. 5 by a high court and is likely to seek an early hearing ...

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