December, 2021

• 21 December

  Norse takes delivery of first Boeing Dreamliner

    Bloomberg Airline startup Norse Atlantic ASA took delivery of the first of a fleet of Boeing Co 787 Dreamliner jets ahead of a planned beginning of transatlantic flights in spring 2022. The carrier, led by shipping entrepreneur Bjorn Tore Larsen, will continue to receive as many as 15 of the planes through April and they will be based in ...

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• 21 December

  Putin warns Russia will deploy military to counter Nato threat

  

    Bloomberg President Vladimir Putin threatened a military response to counter Nato expansion towards Russia’s border, while insisting he wasn’t issuing an ultimatum as he heaped blame on the US for rising tensions in Europe. The US and its allies “must understand that we have nowhere to retreat further” and Russia can’t allow them to deploy missiles in Ukraine that ...

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• 21 December

  Ethiopia’s Abey makes advance in fight against Tigrayan dissidents

  

    Bloomberg Ethiopian government forces have made major advances in their fight against Tigrayan dissidents after a 13-month conflict that’s triggered humanitarian and economic crises. Tigrayan leader Debretsion Gebremichael ordered a strategic retreat by his troops and urged the United Nations Security Council to oversee an end to the civil war. The move, which comes after the national army recaptured ...

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• 21 December

  Biden to send 500mn free tests for omicron shortage

  

    Bloomberg President Joe Biden will send 500 million free coronavirus tests to Americans’ homes beginning next month and dispatch the military to shore up overwhelmed hospitals as the US confronts a resurgent pandemic. Biden will announce new measures to try to curb the virus, the day after the CDC said the omicron variant first identified in southern Africa now ...

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• 21 December

  BMO to buy BNP’s Bank of the West for $16.3 billion

  

    Bloomberg Bank of Montreal (BMO) agreed to buy BNP Paribas SA’s Bank of the West unit for $16.3 billion, extending its presence in key US growth markets and giving the French lender a windfall before its new strategic plan. BMO will fund the transaction, which should add 1.8 million customers upon closing next year, in cash and mainly with ...

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• 21 December

  Former Credit Suisse bankers lose bid to boost $2.6bn tax fine

  

    Bloomberg A US judge dismissed a lawsuit by former Credit Suisse AG bankers who claim the firm should have paid more than $2.6 billion when its banking unit pleaded guilty in 2014 for helping thousands of Americans evade taxes. The bankers claimed Credit Suisse misled the court by failing to disclose $200 million in accounts held by US client ...

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• 21 December

  Germany picks Bundesbank veteran as central bank chief

  

    Bloomberg Germany’s new coalition government picked Joachim Nagel, a former Bundesbank senior official, as the central bank’s next chief, touting his ability to help tackle soaring inflation. Nagel, 55, will succeed Jens Weidmann, who leaves at the end of the year. The choice of a veteran for the top job suggests there’ll be no major policy changes at an ...

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• 21 December

  Crypto’s rapid growth could pose stability risks, says BOE

    Bloomberg The Bank of England (BOE) reiterated its warning that the rapid growth of cryptocurrency assets could pose stability risks to the UK financial system, even though the current direct risks are “limited.” The central bank’s Financial Policy Committee said crypto assets are becoming more interconnected with wider financial system, and enhanced regulatory and law enforcement frameworks are needed ...

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• 21 December

  Thai central bank plans to draw red-lines on cryptos

  

    Bloomberg Thailand plans to unveil detailed rules for digital assets to minimise risks to the financial system and provide greater investor protection as more people are drawn to cryptocurrencies, according to the central bank. The Bank of Thailand will release a consultation paper on “Financial Landscape” in January that will seek a consensus around the red lines for those ...

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• 21 December

  Boldest Asian central bank to pause ‘rates’

    Bloomberg Pakistan’s central bank will pause interest-rate increases to preserve economic recovery after delivering Asia’s boldest hikes since September, Governor Reza Baqir said. “We are going to take a pause to first look at the effects of the tightening we have already done,” Baqir told Bloomberg Television’s Rishaad Salamat and Yvonne Man. “Fiscal policy has been very complementary and ...

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