September, 2021

• 2 September

  India to offer indemnity to flag carrier bidder over Cairn claim

  

  Bloomberg India is set to absolve bidders for its loss-making flag carrier from any liability arising out of a lawsuit filed by Cairn Energy Plc, which has claimed the state-run airline’s assets over a long-running tax dispute with the government, according to people familiar with the matter. Prime Minister Narendra Modi’s administration will offer so-called indemnity to the financial bidders ...

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• 2 September

  Southwest sued by pilots who allege labour law violations

  

  Bloomberg Southwest Airlines Co was sued by its pilots union and accused of violating federal labour law by unilaterally changing working conditions, rules and pay rates as travel collapsed because of the coronavirus pandemic. The carrier violated the Railway Labor Act by making changes in its contract, the Southwest Airlines Pilots Association said in a lawsuit filed in a Dallas ...

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• 2 September

  Steinhoff says its Mattress Firm may sell stock in IPO

  Bloomberg Steinhoff International Holdings NV said US bedding chain Mattress Firm is considering a public share listing as a means of returning cash to shareholders. The move is one of a number of options being weighed and a final decision hasn’t been made, Steinhoff said in a statement. The South African retailer, which came close to collapse following an accounting ...

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• 2 September

  Bain nears $1.2b deal for Berlin Brands

  Bloomberg Private equity firm Bain Capital is nearing an agreement to acquire a significant stake in e-commerce company Berlin Brands Group, people with knowledge of the matter said. Bain was expected to announce a deal as soon as Wednesday to buy Ardian’s holding of more than 40% in the business, the people said, asking not to be identified because the ...

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• 1 September

  Taliban to unveil government in days after US troops’ exit

  

  Bloomberg The Taliban and other Afghan leaders have reached a “consensus” on the formation of a new government and cabinet under the leadership of the group’s top spiritual leader, an official said. Taliban supreme commander Haibatullah Akhundzada will be the top leader of any governing council, Bilal Karimi, a member of the group’s cultural commission said on Wednesday. Mullah Abdul ...

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• 1 September

  Serbia is now less enthusiastic about joining EU: Vucic

  

  Bloomberg Serbia is becoming less enthusiastic about the process of joining the European Union as the procedure drags on and its citizens don’t see progress, President Aleksandar Vucic said. Vucic, Serbia’s most powerful politician since the nation started accession talks in 2014, has repeatedly complained that EU leaders haven’t given his country and five other Balkan membership aspirants a timetable ...

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• 1 September

  Malaysia examines need for booster shots as coronavirus spreads fast

  

  Bloomberg Malaysia is studying if it’s necessary to give booster Covid-19 vaccine shots, as the country grapples with the fast-spreading delta variant. An expert committee has been set up to assess the need for a third shot and is expected to give its recommendation by month-end, Health Minister Khairy Jamaluddin. The priority now is to focus on people who haven’t ...

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• 1 September

  Front-runner for Swedish PM job rejects ‘plea’

  Bloomberg Sweden’s finance minister Magdalena Andersson, the favourite to replace outgoing premier Stefan Lofven, has rebuffed a plan to increase spending from the left wing of her party. The faction within the Social Democrats called for a new fiscal policy framework, saying the current rules are “a straitjacket” that hurts the economy by blocking investments. But in an interview with ...

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• 1 September

  BOJ stimulus to roll on whoever wins Japan elections: Momma

  

  Bloomberg The Bank of Japan (BOJ) will keep pumping out stimulus regardless of any shift in the nation’s political leadership as a result of upcoming elections or any Federal Reserve tapering moves, according to a former senior executive at the central bank. “You want to keep letting sleeping dogs lie,” said Kazuo Momma in an interview, referring to the monetary ...

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• 1 September

  Morgan Stanley boosts junior banker salaries

  

  Bloomberg Morgan Stanley boosted salaries for the second time in a month, raising the stakes again in a Wall Street bidding war for new talent. The firm bumped base pay for junior bankers to $110,000, a mark that will now also cover first-year staff in the trading division, a person familiar with the matter said, asking not to be identified ...

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