September, 2021

• 29 September

  Rolls-Royce to sell ITP Aero unit in Spain to Bain for $2b

  

  Bloomberg Rolls-Royce Holdings Plc agreed to sell its ITP Aero unit in Spain to a group led by Bain Capital for 1.7 billion euros ($2 billion), netting the British jet-engine maker much-needed cash to help it recover from the coronavirus crisis. The sale to Bain, JB Capital and Spanish defense firm Sapa will help Rolls rebuild its balance sheet, the ...

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• 29 September

  EasyJet raises $1.7b in rights issue after spurning Wizz Air

  

  Bloomberg EasyJet Plc raised 1.2 billion pounds ($1.7 billion) in a stock sale, cash that will help the low-cost UK carrier weather the slow winter and prepare for a rebound in leisure travel. Existing investors purchased 93% of the 301 million shares available in a rights offering at a discounted price of 410 pence each, EasyJet said on Tuesday in ...

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• 29 September

  Airlines demand virus-busting seats to ease Covid deep cleaning

  

  Bloomberg Demand for airplane-seat coverings that repel viruses and bacteria has soared during the Covid-19 pandemic, as carriers look to cut the time and cost of cleaning cabins. “The stakes are high for airlines,” said Quentin Munier, head of strategy and innovation at the seat division of aircraft-parts giant Safran SA. Tenders for new orders increasingly call for fabrics with ...

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• 29 September

  Shareholder vote set for October 19 in Morrison battle

  

  Bloomberg Wm Morrison Supermarkets Plc set an October 19 deadline for shareholders to vote on the hotly contested 7-billion-pound ($9.6 billion) takeover proposal by US private equity firm Clayton Dubilier & Rice LLC. Britain’s fourth-largest grocer published documents saying when shareholders will decide the outcome of what could be the country’s largest take-private deal in a decade. A vote of ...

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• 29 September

  United CEO: 98.5% of our US staff have been vaccinated

  Bloomberg United Airlines Holdings Inc Chief Executive Officer Scott Kirby said that 98.5% of its US-based employees have been vaccinated against Covid-19. The carrier expects to see vaccine totals “north of 99%” when it tallies final figures for how many employees have complied with its mandate to be vaccinated or face termination. United had set a September 27 deadline for ...

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• 29 September

  Thailand looking to attract Indian travellers

  Bloomberg Thailand is looking to attract Indian travellers during the traditional holiday season to boost its tourism-reliant economy that’s been hit hard by the absence of mass holidaymakers from countries including China. The Thai tourism industry expects Indians to resume travel in large numbers next month during Diwali, the Hindu festival of lights, said Somsong Sachaphimukh, vice president of the ...

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• 29 September

  North Korea defies missile ban with launch before UN speech

  

  Bloomberg North Korea test-fired a ballistic missile just as its envoy was preparing to address the United Nations (UN), in a pointed gesture of defiance against international resolutions meant to prevent such launches. The projectile was fired from the northern province of Jagang around 6:40 am local time and landed in waters to the east, South Korea’s military said, without ...

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• 29 September

  Russia opens extremism probe against Navalny

  

  Bloomberg Russian authorities said they’d opened another criminal case against jailed opposition leader Alexey Navalny and his allies, this time alleging they created an illegal “extremist organisation.” If convicted, Navalny and his colleagues could face as much as a decade in prison. The probe is the latest in a rising tide of legal pressure prosecutors and investigators have put on ...

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• 29 September

  Afghan collapse: Pentagon chiefs face first hearing

  Bloomberg Top Pentagon officials will be pressed to explain whether they supported President Joe Biden’s withdrawal from Afghanistan and why the US didn’t foresee the Afghan military’s collapse to Taliban forces, forcing a hasty American withdrawal. Defense Secretary Lloyd Austin, General Mark Milley, chairman of the Joint Chiefs, and General Frank MacKenzie, head of US Central Command, are expected to ...

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• 29 September

  Brazil to keep $190bn cash cushion to face turbulence

  

  Bloomberg Brazil’s government plans to keep a cushion of at least 1 trillion reais ($190 billion) in cash next year to face local debt maturities as it braces for possible market turbulence in the run-up to presidential elections, according to Treasury Secretary Jeferson Bittencourt. The Treasury had a hard time in 2020, when investors concerned with President Jair Bolsonaro’s big ...

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