September, 2021

• 8 September

  Ryanair ends talks with Boeing on 737 Max order over price

  

  Bloomberg Ryanair Holdings Plc ended negotiations with US planemaker Boeing Co on a major follow-on order for 737 Max aircraft after failing to agree on pricing. Talks on the higher-capacity Max 10 single-aisle jets ended after 10 months, Ryanair said in a statement. Europe’s largest low-cost carrier has ordered 210 of the smaller Max-8200 already, with deliveries spanning the next ...

  Read More »
• 8 September

  Ikea faces shortages in UK, Ireland amid supply crunch

  Bloomberg Ikea is experiencing product shortages in the UK and Ireland as transport issues and the availability of raw materials compound supply problems. Issues with shipping, raw materials, and sourcing and production have added to the impact of the Covid-19 pandemic on global supply chains, the Swedish furniture retailer said on its UK and Irish websites. The company is experiencing ...

  Read More »
• 7 September

  Philippine Air aims to complete restructuring this year

  

  Bloomberg Philippine Airlines Inc expects to emerge from Chapter 11 bankruptcy before the end of the year, with a leaner fleet and fewer destinations as a recovery in travel demand isn’t likely in the next few years, President Gilbert Santa Maria said. Majority owned by billionaire Lucio Tan, the carrier filed for Chapter 11 bankruptcy in New York on Septmber ...

  Read More »
• 7 September

  Airbus plane deliveries slide in August

  Bloomberg Airbus SE jetliner deliveries declined last month, according to people familiar with the matter, as an annual summer manufacturing lull impacted build rates. Toulouse, France-based Airbus handed over about 40 aircraft in August, down from 47 in July, according to the people, who asked not to be named before official figures are made public. The tally would take the ...

  Read More »
• 7 September

  North Korea may stage first military parade under Biden

  

  Bloomberg North Korea could hold a military parade this week as it celebrates a national anniversary, Yonhap News Agency reported, an event that would mark the first major public display of its weaponry since US President Joe Biden took office. Given the status of preparation, leader Kim Jong Un’s regime may stage the event at night and have it coincide ...

  Read More »
• 7 September

  South Korea launches first ballistic missile from submarine

  

  Bloomberg South Korea has successfully test-launched a missile from a submarine, stepping up its strike capabilities and joining a small list of seven other countries to demonstrate the technology. South Korea last week fired the missile from its 3,000-ton Dosan Ahn Chang-ho submarine, a defense ministry official who asked not to be named said on Tuesday. The official spoke after ...

  Read More »
• 7 September

  Suu Kyi’s allies in Myanmar declare war against junta

  

  Bloomberg A shadow government comprising of ousted lawmakers loyal to Myanmar’s detained civilian leader Aung San Suu Kyi declared war against the military regime that seized control of the country seven months ago. In a speech posted on social media on Tuesday, the acting president of National Unity Government, Duwa Lashi La called on citizens to revolt against the junta ...

  Read More »
• 7 September

  Merkel’s conservative bloc falls to record low

  

  Bloomberg Chancellor Angela Merkel plunged into Germany’s election campaign, warning that the Social Democrats (SPD) would take the country off course in an unusually direct intervention in the contest as her conservatives slumped to a new low in the polls. In a Forsa survey for RTL/ntv, support for the Christian Democrat-led bloc dropped two percentage points to 19%, its lowest ...

  Read More »
• 7 September

  RBA sticks with cautious taper plan as Delta sweeps economy

  

  Bloomberg The Reserve Bank of Australia (RBA) pushed ahead with a cautious winding back of its bond-buying program, underlining its confidence in the economy’s recovery prospects once a longer-than-expected virus wave abates. Governor Philip Lowe and his board said they will purchase government securities at a pace of A$4 billion ($3 billion) a week, down from A$5 billion previously, until ...

  Read More »
• 7 September

  Global private banks stop accepting Fantasia bonds as collateral

  

  Bloomberg The private-banking units of Citigroup Inc and Credit Suisse Group AG have stopped accepting the bonds of Fantasia Holdings Group Co as collateral amid rising concerns about the Chinese developer’s financial health, according to people familiar with the matter. The banks have assigned a zero lending value to the notes, meaning their private-wealth clients can no longer use them ...

  Read More »