July, 2021

• 1 July

  UK real estate prices due for a summer breather

  UK house price rises have reached a 17-year high, according to the June Nationwide survey citing 13.4% annual growth. Statistically, this pace looks unsustainable, as prices for the rest of the year will be compared with the swiftly rising prices of the second half of 2020. Those base comparison effects will probably show the annual rate of change topping out. ...

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• 1 July

  Is the new thinking on antitrust policy right?

  Big Tech got some good news when a US district judge dismissed two antitrust cases brought against Facebook by the Federal Trade Commission (FTC) and a group of states. Curiously, the ruling may also be greeted as good news by the Enemies of Big Tech, who say that existing law is not up to the task of prosecuting monopolies and ...

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• 1 July

  Airline making money off grounded 737 Max aircraft

  

  Bloomberg Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd hasn’t flown any of its Boeing Co 737 Max jets for more than 27 months, after two ...

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• 1 July

  Alibaba-led consortium nears deal for Suning.com

  

  Bloomberg A consortium led by Alibaba Group Holding Ltd and the Jiangsu provincial government are nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, according to people familiar with the matter, the latest domino to fall in Beijing’s effort to clean up its heavily indebted conglomerates. The unit, Suning.com Co, could ...

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• 1 July

  Devas joins Cairn in seeking to seize Air India’s overseas assets

  

  Bloomberg Devas Multimedia Pvt, a company seeking over $1.2 billion it won in international arbitration from India, has joined Cairn Energy Plc in seeking to seize Air India Ltd’s assets abroad. Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New York asking Air India to ...

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• 1 July

  United overhauls fleet with biggest jet order in its history

  

  Bloomberg United Airlines Holdings Inc is overhauling its fleet with the biggest jetliner order in company history and an ambitious upgrade for its aircraft cabins, bolstering a push to appeal to more travelers willing to pay for pampering. The airline agreed to buy 200 Boeing Co 737 Max jets and 70 Airbus SE A321neo planes, a deal valued at about ...

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• 1 July

  Calvin Klein supplier eyes Colombo IPO

  Bloomberg Apparel maker Hela Clothing plans an initial public offering on the Colombo Stock Exchange within 12 months to raise capital for entry into North Africa and the expansion of its East African operations. The Sri Lanka-based manufacturer for PVH Corp — the parent company of fashion brands Tommy Hilfiger and Calvin Klein — will offload a 20% stake for ...

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• 1 July

  Putin says US had role in Britain warship Black Sea ‘provocation’

  

  Bloomberg President Vladimir Putin accused the US of involvement in what he termed a “provocation” by a British destroyer in the Black Sea last week, while saying the Russian navy could have sunk the vessel without igniting a new world war. Hours before the HMS Defender engaged in a stand-off with Russian ships and fighter jets off the coast of ...

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• 1 July

  HK ramps up security, warns against protests

  

  Bloomberg Hong Kong ramped up security and warned activists against holding any demonstrations as the Asian financial centre prepares to mark a sensitive anniversary of the former British colony’s return to Chinese rule. The police urged the public in a statement on Wednesday not to participate in unauthorised assemblies after banning activists from holding a rally on July 1, traditionally ...

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• 1 July

  Remote work may shift 835,000 jobs out of London, says report

  

  Bloomberg Central London could lose as many as 835,000 jobs in the aftermath of the Covid-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labour market data by Advanced Workplace Associates, a consultancy based in the UK capital, showed that about 41% of people ...

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