September, 2021

• 12 September

  Airlines pare guidance as investors show relief it’s not worse

  

  Bloomberg A surge in coronavirus infections is delaying, but not derailing, the recovery at several US carriers, including United Airlines Holdings Inc and Southwest Airlines Co. Most major carriers said customer bookings have slowed in recent weeks, signalling through regulatory filings and comments at an industry conference that the path out of the Covid-19 era remains bumpy. Even so, several ...

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• 12 September

  Ryanair says Brexit forces sale of 1mn investor shares

  Bloomberg Ryanair Holdings Plc is forcing investors who aren’t European Union citizens to sell any shares purchased after January 1, in a reminder of the lingering constraints on investors tied to the Brexit split. Non-EU citizens have been barred from buying stock in the Irish discount airline since the UK left the bloc at the start of the year. When ...

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• 12 September

  Cathay Pacific to close London pilot base

  Bloomberg Cathay Pacific Airways Ltd has decided to close its pilot base in London, saying many of its staff there haven’t had any flying duties since April 2020 because of the impact of the pandemic. The airline didn’t disclose how many pilots would be affected, but said in a statement they are being offered the option of relocating to Hong ...

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• 12 September

  Paris mayor Anne Hidalgo joins race to replace Macron

  

  Bloomberg Anne Hidalgo, the Socialist mayor of Paris, became the latest politician to announce she intends to challenge Emmanuel Macron in April’s presidential election. “I have decided to be a candidate for the presidency of the French republic,” she said on Sunday in Rouen, north of Paris. “I am ready.” Hidalgo, 62, must first win the formal support of her ...

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• 12 September

  US, Philippines agree to resume defense projects under military pact

  

  Bloomberg The US and the Philippines will resume defense projects after the Southeast Asian nation agreed to keep a military pact that President Rodrigo Duterte threatened to scrap, allowing both sides to boost longstanding alliance in the region. Philippine Defense Secretary Delfin Lorenzana met with his US counterpart Lloyd Austin in Washington on where the two sides reaffirmed their commitment ...

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• 12 September

  Hong Kong chief Carrie Lam hints at govt restructuring

  Bloomberg Hong Kong Chief Executive Carrie Lam hinted at a government restructuring before the end of her term to establish new bureaus coordinating land use and cultural policies, the South China Morning Post reported. Speaking at a public consultation session, Lam said it’s time to think about reforms “drastically” and that there’s consensus for bureaus to enhance land and housing ...

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• 12 September

  UK drops vaccine passports plans: Minister

  

  Bloomberg The UK will abandon plans to call for proof of vaccination to enter certain venues, and may soon drop mandatory testing for returning travelers as part of a further easing of coronavirus restrictions to be announced this week, even as cases remain high. Health Minister Sajid Javid spoke ahead of steps expected to be announced by Prime Minister Boris ...

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• 12 September

  Guinea junta leader to meet political, mining leaders next week

  

  Bloomberg Guinea’s coup leader Mamady Doumbouya said he will meet socio-economic and political officials of the West African country as part of the transition after seizing power a week ago. The meetings will start from September 14 with leaders of political parties and religious groups, before they are extended to civil society organisations and representatives of diplomatic missions in the ...

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• 12 September

  PBOC turns to niche policy tool to support economy

  

  Bloomberg China’s central bank is increasingly making use of one of its lesser known monetary policy tools to support the economy, a move that analysts say suggests less need for broad policy action like interest rate cuts. The People’s Bank of China (PBOC) is turning to its relending program, providing loans to commercial banks for lending to customers. The funds ...

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• 12 September

  SNB’s Zurbruegg says negative rates key to prevent rise in franc

  

  Bloomberg The Swiss National Bank’s (SNB) negative interest rates remain essential to prevent a rise in the franc that thwart economic growth, Vice President Fritz Zurbruegg told Sonntagszeitung in an interview. Although the SNB will raise borrowing costs when necessary, “at the moment we need the negative interest rates due to the situation globally,” he said. “If we were to ...

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