October, 2021

• 21 October

  India opens inflight data market to UK’s Inmarsat

  Bloomberg British satellite operator Inmarsat Holdings Ltd said it’s the first foreign operator to get India’s approval to sell high-speed broadband to planes and shipping vessels. Inmarsat will access the market via Indian state-owned telecommunications company Bharat Sanchar Nigam Ltd, after BSNL received a license from India’s Department of Telecommunications, the London-based company said. A representative for the Indian government ...

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• 21 October

  Russia urges major foreign aid for Taliban-ruled Afghanistan

  

  Bloomberg Russia called for major international aid to help the Taliban control the situation in Afghanistan on Wednesday as it hosted the radical movement for the first time since the chaotic US withdrawal in August brought it to power. It’s time to “mobilise the resources of the international community to provide Kabul with effective financial, economic and humanitarian help,” said ...

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• 21 October

  Kering shares fall after Gucci growth slows

  Bloomberg Kering SA shares tumbled after slowing growth at Gucci, its biggest brand, put more pressure on the label’s new collection to deliver a strong holiday season. Comparable sales at the Italian brand rose 3.8% in the third quarter from a year earlier, Kering said in a statement. Analysts had forecast a 9.3% increase. The performance suffered from virus restrictions, ...

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• 21 October

  Blinken calls Venezuela move to leave Mexico talks ‘unfortunate’

  

  Bloomberg Secretary of State Antony Blinken called Venezuela’s decision to withdraw from talks with the political opposition “deeply unfortunate,” saying the move showed how President Nicolas Maduro put his own interests ahead of his country’s. Speaking at a news conference in Quito, Ecuador, Blinken said the extradition of Colombian businessman Alex Saab, an ally of Maduro’s, had been “going on ...

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• 21 October

  Merkel’s final weeks marked by fears EU is picking a bad fight

  

  Bloomberg Angela Merkel is worried that some European Union leaders and lawmakers are thrusting the EU into a fight with Poland that leaves no room for compromise and could end in disaster. In her final weeks in the job, the German chancellor has publicly warned in her own carefully couched and diplomatic way about the EU’s tactics in the confrontation. ...

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• 21 October

  China promotes US-sanctioned official

  

  Bloomberg China has promoted a Xinjiang official sanctioned by the US in its biggest personnel reshuffle in years, as President Xi Jinping prepares to kick off a year of politicking inside the ruling Communist Party. Wang Junzheng, 58, was given the top party position in Tibet, the official Xinhua News Agency reported, promoted from party chief of a powerful economic ...

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• 21 October

  French ‘pundit’ poses with gun, echoes populist leaders

  

  Bloomberg A far-right media pundit who talks about arming citizens and is cementing his position as a main contender for France’s upcoming presidential election demonstrated a love for guns at a trade fair in Paris. Eric Zemmour on Wednesday visited the Milipol International Exhibition, which is promoted as a leading event for homeland security and safety. At one stand, Zemmour ...

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• 21 October

  UK tries to juice UN climate talks with its net-zero plan

  

  Bloomberg Days before it hosts United Nations negotiations over how to ramp up the global fight against climate change, the UK released a sweeping plan to decarbonize its economy by targeting everything from the finance industry to home heating. The masterplan will give British politicians something to tout as they put pressure on other nations to raise their green ambitions ...

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• 21 October

  Poland threatens to block EUclimate talks over funds

  

  Bloomberg Poland threatened to stonewall talks on the European Union’s climate pact unless it receives access to the bloc’s recovery package, raising the stakes of a meeting of the bloc’s leaders on Thursday. Coal-dependent Poland seeks to gain some leverage over the EU by linking further talks on cutting greenhouse gas emissions to tapping billions of euros in pandemic recovery ...

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• 21 October

  State grants emerge as Dems’ clean power program fallback

  

  Bloomberg A White House-backed clean power program that was rejected by Senator Joe Manchin could be resurrected as a grant program that would reward states that increase clean energy. Lawmakers have been working on a Clean Energy Challenge Grant Program for states as an alternative, Representative Jared Huffman, a California Democrat, said in a telephone interview following a meeting with ...

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