December, 2021

• 26 December

  How crypto could be like music industry

  To envision the future of crypto, I keep trying different analytical tools. This time around the concept of relevance is focality, by which I mean the part of the system at which consumers direct their attention. Focality could determine whether crypto ushers in an era of dystopian inequality, or whether most of its benefits accrue to broader society. That all ...

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• 26 December

  Putin is pretending to be crazy on Ukraine

  Watching Vladimir Putin at his year-end press conference, one is tempted to ask What is the Russian president’s future plan. Here is a man leading a country that in the last few months has amassed tens of thousands of soldiers and advanced military equipment on Ukraine’s border, now asserting that it is Ukraine which is planning an invasion of Russia. ...

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• 26 December

  Airbus all set for delivery goal, despite A350 handover snag

  

    Bloomberg Airbus SE is on track to meet its 600-jet delivery goal for 2021, according to people familiar with the situation, though holdups with the handover of some wide-body aircraft have complicated the issue. As of mid-December the European planemaker had shipped around half of the 82 jets it must deliver this month to meet the full-year goal, according ...

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• 26 December

  FAA targets Boeing 777 for fixes after engine broke apart

  

    Bloomberg US aviation regulators have proposed modifications to some Boeing Co 777 jets to prevent engine debris from flying loose in a failure and endangering passengers as happened in some recent incidents. The Federal Aviation Administration (FAA) filed a pair of proposed directives in the Federal Register that would require strengthening the engine inlets and adding shielding on Pratt ...

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• 26 December

  Ryanair forecasts wider fiscal-year loss on emergence of omicron

  

    Bloomberg Ryanair Holdings Plc expects to report a wider full-year loss than previously forecast after the emergence of the omicron Covid-19 variant plunged the European travel industry into renewed uncertainty. The Irish low-cost airline now anticipates a net loss of between 250 million euros ($283 million) and 450 million euros in the 12 months through March, it said in ...

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• 26 December

  Global airline capacity seen rising in 2022, along with fares

  

    Bloomberg A rebound in global airline capacity should accelerate in the second half of next year, but trans-Atlantic traffic likely won’t return to pre-pandemic levels until 2023, according to an aviation consulting firm. Additionally, airfares are poised to rise significantly next year, owing to higher costs from labour and addressing environmental issues, “plus the need for airlines to rebuild ...

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• 25 December

  Kenya government drops plan to nationalise struggling airline

  Bloomberg Kenya’s government has scrapped a plan to fully nationalise the partly state-owned airline and is looking at other ways to safeguard money it has loaned the carrier, according to the International Monetary Fund (IMF). It will cost a projected $1 billion to restructure Kenya Airways Plc and an injection of the funds by the state will be “unavoidable” as ...

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• 25 December

  Miniso weighs Hong Kong listing in 2022

    Bloomberg Miniso Group Holding Ltd, a Chinese budget household and consumer goods retailer whose stock is already traded in New York, is considering a second listing in Hong Kong next year, people with knowledge of the matter said. The firm is working with Bank of America Corp and UBS Group AG on the proposed share sale, the people said, ...

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• 25 December

  Biden signs law punishing China over Uyghur abuse

  

    Bloomberg President Joe Biden signed into law a bill banning goods from China’s Xinjiang region unless companies can prove they aren’t made with forced labor, a move that will add to tensions over Beijing’s treatment of the nation’s Uyghur minority. The bill passed with unanimous backing in both the House and Senate earlier this month, showcasing how Republicans and ...

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• 25 December

  Russia returns some troops to base after training near Ukraine

    Bloomberg The Russian Defense Ministry said more than 10,000 troops would return to their permanent bases in the Southern Military District after over a month of training in the region, including in areas near the Ukrainian border. The exercises took place throughout the district, including in the Crimea and Rostov regions that border Ukraine, according to a statement posted ...

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