January, 2022

• 4 January

  Future Retail petitions India court to abort Amazon arbitration

  

    Bloomberg Future Retail Ltd. has sought to halt and terminate Amazon.com Inc.’s case at a Singapore arbitration tribunal, a move that could allow the cash-strapped Indian retailer to sell some of its assets to Reliance Industries Ltd.. Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore ...

  Read More »
• 4 January

  Lab-grown shrimp’s price tag shows long way ahead to mass market

  

    Bloomberg For a sense of how far cultivated meat is from reaching supermarket shelves and dinner tables, just take a look at the cost. Singapore-based Shiok Meats Pte plans to launch its flagship cell-based shrimp in 18 months at about S$50 ($37) a kilogram, Chief Executive Officer Sandhya Sriram said in an interview. That’s roughly double the price of ...

  Read More »
• 4 January

  Flight cancellations greet New Year due to storms, Omicron

  

    Bloomberg Airlines greeted the New Year with more than 6,600 weekend cancellations in the US, closing out a bumpy holiday season as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US reached 2,679 Sunday along with 9,002 delays, ...

  Read More »
• 4 January

  Airbus keeps planemaker crown for 2021

    Bloomberg Airbus SE surpassed its 2021 delivery goal of 600 jets, according to people familiar with the matter, retaining the title of world’s largest planemaker for a third year running. The European manufacturer delivered about 610 aircraft in 2021, said the people, who asked not to be identified before the figures were announced. The final tally could vary by ...

  Read More »
• 4 January

  Asia, Europe manufacturing grows

    Bloomberg Asia and European factory activity continued its expansion in December, lifted by resilient demand and easing supply-chain bottlenecks as the Omicron strain begins to spread in the region. North Asia’s export hubs led the recovery as they enjoyed better-than-expected industrial production and robust demand for their tech products. The IHS Markit manufacturing purchasing managers’ index for Taiwan rose ...

  Read More »
• 3 January

  US catches Kremlin insider who may have secrets of 2016 hack

  

    Bloomberg In the days before Christmas, US officials in Boston unveiled insider trading charges against a Russian tech tycoon they had been pursuing for months. They accused Vladislav Klyushin, who’d been extradited from Switzerland on Dec. 18, of illegally making tens of millions of dollars trading on hacked corporate-earnings information. Yet as authorities laid out their securities fraud case, ...

  Read More »
• 3 January

  Sudan’s premier quits amid deadly protests against military rule

  

    Bloomberg Sudanese Prime Minister Abdalla Hamdok resigned, saying that attempts to share power between the military and civilians had failed as deadly protests continued to rage against October’s coup. Without nationwide consensus on the way forward, the North African country risks sliding into chaos, Hamdok said in a televised address. His resignation, which had been expected for more than ...

  Read More »
• 3 January

  South Korea’s Moon vows fresh push for peace with North

  

    Bloomberg South Korea’s Moon Jae-in vowed to make another push for peace in his final months as president, despite fresh signs that Kim Jong Un has little interest in reciprocating. Moon used his last new year address as South Korea’s leader to press for a cause that has defined his political career. The former democracy campaigner and son of ...

  Read More »
• 3 January

  Third pro-democracy news outlet to close in Hong Kong during security law fears

  

    Bloomberg A third Hong Kong news outlet announced it would shut as the city installed a legislature vetted for loyalty to the Communist Party, in a stark illustration of Beijing’s success in silencing the local opposition. The milestones unfolded in dramatic split screen as Citizen News briefed reporters on its decision to close at midnight at the same time ...

  Read More »
• 3 January

  Bolsonaro hospitalised with abdominal pain

  

    Bloomberg President Jair Bolsonaro was flown to a hospital in Sao Paulo in the early hours of Monday, cutting short his beach vacation after suffering from abdominal pain. Bolsonaro was admitted to the hospital to undergo clinical tests after feeling “abdominal discomfort,” his press office said in a note. The president had symptoms of intestinal obstruction, according to a ...

  Read More »