September, 2021

• 9 September

  London City flights return in sign of pickup in banking trips

  

  Bloomberg London City Airport, a favourite of regional business travellers, is seeing a tentative reawakening as British Airways and Deutsche Lufthansa AG restore flights to key financial centers. Services to Zurich, Frankfurt and Rotterdam are resuming this month, the airport’s chief operating officer, Alison FitzGerald, said in an interview. “We’re seeing some early signs of good load factors, some early ...

  Read More »
• 9 September

  UK retail sales lose steam as firms, shoppers fret over prices

  

  Bloomberg UK retail sales growth lost momentum in August, with both shops and consumers pointing to concerns over higher prices. The value of goods sold in shops and online grew 3% in August from a year earlier, the British Retail Consortium and KPMG said, less than the 3.9% recorded the same month in 2020. Despite higher demand for clothing, especially ...

  Read More »
• 9 September

  Airbus, Alstom to partner against growing cyber risks

  Bloomberg Airbus SE and Alstom SA are deepening a partnership on cybersecurity to counter threats they say are growing against rail transport systems. The French plane and train manufacturers signed a cooperation agreement to provide security systems to rail operators, according to a statement on Wednesday. The move comes as cross-country networks and urban metros and trams become increasingly reliant ...

  Read More »
• 9 September

  Federer-backed On to raise $622m in IPO

  Bloomberg Swiss running shoemaker On Holding AG, whose proprietary cushioning technology has attracted Roger Federer as an investor, plans to raise as much as $622 million in an initial public offering in New York. The IPO will consist of 31.1 million shares sold at $18 to $20 each, the Zurich-based company said in a filing. The sale would value the ...

  Read More »
• 8 September

  Trump sidelines rivals, keeps cash by playing coy on Republican 2024 race

  

  Bloomberg Former President Donald Trump frequently teases another presidential bid, without actually announcing, a strategy that leaves him with access to a $102 million war chest, an unrivaled haul that could scare off donors to other candidates and freeze the Republican 2024 race. By not formally declaring, Trump is free to use money from his political action committees to act ...

  Read More »
• 8 September

  China praises HK arrests of Tiananmen vigil organisers

  Bloomberg China’s top agency in Hong Kong praised the arrests of four members of a group that had organised an annual Tiananmen Square vigil, as authorities continued a broader push against local pro-democracy activists. The Liaison Office said in a statement that the arrests of four people on accusations of failing to comply with Beijing-drafted security legislation reflected the “fairness ...

  Read More »
• 8 September

  UK blinks first on Covid deficits as Sunak pushes tax increase

  

  Bloomberg The UK is set to take the lead among developed economies by raising new taxes that will help trim pandemic budget deficits, an issue that’s likely to dominate policy debate across the world in the coming years. A 12-billion pound ($17 billion) charge on workers and companies is due to come before Parliament for a vote. If approved, it ...

  Read More »
• 8 September

  Canadian consumer confidence declines for third straight week

  

  Bloomberg Canada reported a third weekly decline in consumer confidence amid concerns about a softening economic outlook. The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on household polling, falls 1 point to 61.6 last week, bringing it to the lowest level since March. The index is down 3.5 points over the past three weeks, and almost five ...

  Read More »
• 8 September

  Euro area economy beats estimates in Q2 2021

  Bloomberg The euro area economy expanded faster than previously reported in second quarter, bolstered by a surge in consumer spending. Output rises 2.2% in the three months through June, more than the 2% initially estimated by Eurostat. Household consumption was up 3.7%, with government outlays and investment contributing to growth. Since economies across the region reopened after lockdowns, risks to ...

  Read More »
• 8 September

  VW plans $355mn venture capital fund

  Bloomberg Volkswagen AG plans to set up a venture capital fund with an initial volume of $355 million to invest in decarbonisation projects and start-ups. Carbon capturing is feasible but expensive, and for some new technologies it’s key to broaden operations and being able to scale up, VW CEO Herbert Diess said. “More and more industries are recognising opportunities, and ...

  Read More »