June, 2021

• 8 June

  Peru offers taste of what Covid can do to politics

  If still-incomplete returns are correct, a straw-hat-wearing, giant-pencil-carrying candidate for a Marxist party has just narrowly won Peru’s presidential election. It’s a razor-thin margin that points to deep rifts and spells lasting instability for a country that is not only the No. 2 copper producer today, but has also been seen — until now — as a key source of ...

  Read More »
• 8 June

  Federal Reserve risks a full-blown recession

  The US Federal Reserve’s new approach to managing inflation, unveiled last summer, makes a lot of sense: By seeking to achieve an average of 2% — that is, by allowing inflation to overshoot enough to offset previous undershooting — the central bank should be able to keep people’s expectations better anchored around the 2% target. But, unfortunately, the way the ...

  Read More »
• 8 June

  Reopening more international travel will be ‘challenging’: UK

  

  Bloomberg Reopening more international travel routes from the UK will be “challenging” because the country must do everything it can to protect itself from new coronavirus variants, Health Secretary Matt Hancock said. Britain last week tightened restrictions on overseas travel, removing Portugal from its so-called green list in a major blow to the airline industry. Restoring travel in the medium-term ...

  Read More »
• 8 June

  Airbus inches closer to recovery from pandemic

  

  Bloomberg Airbus SE inched closer to a recovery from the coronavirus pandemic after increasing the number of jetliner deliveries to 50 last month. The European planemaker accelerated production with five more planes handed over than in April, according to a statement that confirmed an earlier Bloomberg report. Airbus is plotting a way out of the Covid-19 crisis even as a ...

  Read More »
• 8 June

  KKR nears deal to buy Macquarie Infrastructure’s Atlantic Aviation

  

  Bloomberg Buyout firm KKR & Co is close to reaching an agreement to buy Atlantic Aviation from Macquarie Infrastructure Corp, according to people familiar with the matter. The deal could value the airport services company at about $4.5 billion, including debt, said the people, who asked not to be identified because the matter was private. A sale was expected to ...

  Read More »
• 8 June

  Fashion retailer About You, holders seek $1.1b in IPO

  

  Bloomberg E-commerce fashion retailer About You AG and its shareholders are seeking as much as 941 million euros ($1.1 billion) in a Frankfurt initial public offering, betting that demand for its party outfits will ramp up as night life unlocks. Shares are being marketed at 21 euros to 26 euros apiece through June 14, with the new stock set to ...

  Read More »
• 8 June

  Lufthansa may help revive one of Africa’s oldest airlines

  Bloomberg Lufthansa Consulting GmbH is in talks with Sudan’s government over a role in restructuring one of Africa’s oldest airlines. “If not through a joint venture, they can help to restructure Sudan Airways so that it can be competitive,” Finance Minister Gibril Ibrahim said in an interview. He didn’t give more details or say at what stage the discussions were. ...

  Read More »
• 8 June

  Reckitt to sell China baby formula unit

  Bloomberg Reckitt Benckiser Group has agreed to sell its Chinese baby formula business to Primavera Capital Group in a deal with $2.2 billion enterprise value. Reckitt will retain an 8% stake and sees net cash proceeds of about $1.3 billion, which the company plans to use to reduce debt. The household products maker expects to record a net loss of ...

  Read More »
• 8 June

  Harris tells Guatemalans don’t come, urges corruption fight

  

  Bloomberg Vice President Kamala Harris warned Central Americans not to migrate to the US and said the Biden administration would intensify efforts to combat corruption in the region, after meeting with Guatemalan President Alejandro Giammattei. “Do not come. Do not come,” Harris said at a news conference in Guatemala City. “If you come to our border, you will be turned ...

  Read More »
• 8 June

  US Capitol police training, intelligence errors faulted in riot

  

  Bloomberg A Senate investigation into the January 6 riot at the US Capitol found sweeping intelligence and law enforcement errors, including a lack of proper training and preparation for police who were unable to prevent protesters from breaching the building. The report found that Capitol Police had intelligence that an attack on the Capitol was possible but failed to communicate ...

  Read More »