November, 2021

• 27 November

  Latam Airlines reaches bankruptcy deal

  

  Bloomberg Latam Airlines Group SA has reached a deal with key stakeholders that paves the way for the Chilean carrier to slash debt and exit bankruptcy under new ownership. Latin America’s largest airline plans to raise around $5 billion by issuing shares and convertible notes to current stockholders and creditors as it exits Chapter 11 bankruptcy, according to court papers. ...

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• 27 November

  Scandals, China’s diplomacy loom large in Honduran poll

  

  Bloomberg Hondurans are voting on Sunday in presidential elections that may oust the scandal-hit ruling party and end the nation’s alliance with Taiwan. Xiomara Castro, the wife of a former president deposed in a coup, is leading in polls as she tries to end 12 years of rule by the conservative National Party. She spooked some investors by saying that ...

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• 27 November

  UK, EU to continue post-Brexit talks on Northern Ireland

  

  Bloomberg The UK and European Union (EU) will keep talking about the future of Northern Ireland next week, as negotiations over changes to the post-Brexit settlement drag on. “We would still like to find a negotiated solution,” Britain’s Brexit Minister David Frost said in a tweet following his latest weekly meeting with European Commission Vice-President Maros Sefcovic, after another round ...

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• 27 November

  Modi fails to appease angry India farmers

  

  Bloomberg Indian Prime Minister Narendra Modi’s surprise decision to scrap three contentious farm laws may not be enough to stem a yearlong protest movement by farmers, with the two sides yet to close the gap on another crucial issue — guaranteed prices for crops. The protesters postponed their planned march to the capital New Delhi, after the government assured the ...

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• 27 November

  Burkina Faso police clash with protesters

  Bloomberg Burkina Faso protest movements vowed to maintain their demands for President Roch Marc Christian Kabore to step down after police fired teargas to disperse a rally on Saturday. Protesters gathered near the Place de la Nation in the centre of the capital, Ouagadougou, to call for Kabore’s departure, and for French troops to leave the country. France has about ...

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• 27 November

  Europe’s recovery at risk from Covid wave, inflation pressure

  

  Bloomberg Euro-area business activity unexpectedly quickened, though the region’s recovery faces headwinds from a fresh wave of Covid-19 infections and “record inflationary pressures.” IHS Markit’s composite Purchasing Managers’ Index rises to 55.8 in November from 54.2 in October, according to a survey of purchasing managers by IHS Markit published. While that defies the median estimate in a survey of analysts ...

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• 27 November

  Key California ports delay container fees

  

  Bloomberg California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals. The plan to charge carriers at least $100 daily for each container waiting nine days or more for trucks to ...

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• 27 November

  Poland proposes $2.4bn tax cuts to tame inflation

  Bloomberg Poland will temporarily cut taxes on household energy bills in a bid to help the central bank stem surging inflation that has become a major concern for the nationalist ruling party’s electorate. The government rolled out a 10-billion-zloty ($2.4 billion) plan to lower the value-added tax on electricity and gas for three months from January. It will also reduce ...

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• 27 November

  Rising interest rates expected to cool UK’s housing market

  

  Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected ...

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• 27 November

  Faster economic growth helps Quebec cut deficit

  

  Bloomberg Quebec’s economic recovery has opened room for the government to dole out cash to dull the bite of inflation, help train workers for sought-after jobs and shore up the Canadian province’s bottom line. In a budget update in Quebec City, the government said it expects a deficit of $5.4 billion in current fiscal year, nearly half its March estimate. ...

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