June, 2021

• 20 June

  Venezuela’s Maduro has only himself to blame

  Venezuela’s strongman sounds desperate. In an interview with Bloomberg News, Nicolas Maduro pleads with US President Joe Biden to lift the crippling sanctions on his country imposed by former President Donald Trump. “If Venezuela can’t produce oil and sell it, can’t produce and sell its gold, can’t produce and sell its bauxite, can’t produce iron, etcetera, and can’t earn revenue ...

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• 20 June

  US ban on Chinese spy cameras will backfire

  US regulators are toughening their stance on Chinese makers of surveillance cameras and other hardware. By turning to an old playbook, though, Washington is diverting focus from the future and diminishing America’s ability to remain a global technology leader. The Federal Communications Commission (FCC) proposed a ban on use of certain telecommunications products and other electronics made by Chinese companies, ...

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• 20 June

  Boeing’s largest 737 Max takes flight in bittersweet milestone

  

  Bloomberg Boeing Co’s biggest 737 Max model lifted off into brilliant blue skies for the first time, marking another milestone in the jet family’s comeback from tragedy and a lengthy grounding. The stretched narrowbody jet rumbled down a runway adjacent to the Renton, Washington, factory where it was built and took flight at 10:07 am local time. After performing aerial ...

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• 20 June

  Lufthansa says it aims to repay German aid

  

  Bloomberg Deutsche Lufthansa AG said it plans to repay billions of euros in aid from the German government before the country’s federal election on September 26. Europe’s biggest airline is working on measures to secure the refinancing “hopefully before the general election,” Chief Executive Officer Carsten Spohr said at Germany’s National Aviation Conference. The comments are a sign of increasing ...

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• 20 June

  Philippine Air’s parent halted from trading after audit report

  Bloomberg Shares of Philippine Airlines’s parent company were suspended from trading after its auditor issued a disclaimer of opinion on its annual report. The Philippine stock exchange suspended trading of PAL Holdings Inc shares from 9:30 am, extending a halt imposed when the company submitted its annual report that showed it posting a record loss in 2020 due to the ...

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• 20 June

  Shenzhen airport tightens curbs after variant Covid case

  Bloomberg The airport in Shenzhen, a Chinese city neighbouring Hong Kong, tightened controls on entry to its facilities after a restaurant employee was found to carry the delta coronavirus variant. All visitors to the terminals and ground traffic centre must provide a negative nucleic-acid test administered within the prior 48 hours, according to a statement posted on Shenzhen Airport Group’s ...

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• 20 June

  Ocado loses UK injunction bid against bitter rival AutoStore

  

  Bloomberg Ocado Group Plc lost the latest court clash with rival AutoStore Technology AG after a London judge refused to grant an injunction that would stop the use of certain information in a separate US patent infringement case. In an increasingly bitter dispute between the two companies that both provide automated grocery delivery systems, online grocer Ocado sought to restrain ...

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• 20 June

  Garuda puts off debt payment again as it faces funding crunch

  

  Bloomberg Troubled flag carrier PT Garuda Indonesia put off the payment on its Islamic debt once again, highlighting its financing crunch as the firm tries to avoid bankruptcy. The Southeast Asian airline, struggling as the pandemic depresses air travel worldwide, said it “will continue to defer the periodic distribution amount due on June 3, 2023,” in a filing to the ...

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• 20 June

  Thai Air seeks new loans to fund operations

  Bloomberg Thai Airways International Pcl is seeking new loans to help fund operations after the court approved its plan to restructure at least $5.5 billion of debt. The carrier has been in talks with some banks for loans of as much as 25 billion baht as part of the debt-rehabilitation program, Chief Financial Officer Chai Eamsiri said. The Central Bankruptcy ...

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• 20 June

  Putin’s Covid-19 boasts sour amid explosive rise in new infections

  

  Bloomberg President Vladimir Putin told business leaders at his flagship economic forum this month that Russia is coping better than many other countries with Covid-19. Events increasingly are contradicting him. Moscow reported a record-high 9,056 new Covid-19 cases, days after Mayor Sergei Sobyanin ordered mandatory vaccination for at least 2 million employees as surging infections threaten to overwhelm the capital’s ...

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