May, 2021

• 17 May

  Bitcoin won’t leave central bankers in dust

  Innovation in central banking often starts in small markets. New Zealand was the first country to formally adopt inflation targeting as we now know it in 1990. Today the Bahamas and Cambodia lead China in piloting central bank money in electronic form. However, few realise it was Finland that pioneered the world’s first central bank digital currency. The experiment has ...

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• 17 May

  Economic demand is back. Supply is problem

  What a difference a year makes for many corporate bosses in advanced economies. Some 12 months ago, they were dealing with the sudden and brutal disappearance of demand for their products. Today, demand is not a problem for most of them; it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to ...

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• 17 May

  Cairn drags Air India to US court over tax spat with state

  

  Bloomberg Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd to a US court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing. The energy company, which last year won an arbitration award for $1.2 billion plus interest, is asking a court in ...

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• 17 May

  Philippine Air in talks with aircraft lessors

  

  Bloomberg Philippine Airlines Inc has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines. The carrier is stepping up cargo operations and flying to new destinations, particularly to the Pacific region, to generate revenue, Santa Maria ...

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• 17 May

  EasyJet seeks successor to chairman John Barton

  Bloomberg EasyJet Plc has hired headhunters to find a successor for its chairman, John Barton, with the aim of having a candidate in place by next year’s annual general meeting, Sky News reported, citing the company. The low-cost airline is working with Lygon Group to replace Barton, who’s preparing to step down. He’ll have served nine years in May 2022, ...

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• 17 May

  Amazon to hire 10,000 jobs after lockdown ends in UK

  

  Bloomberg Amazon.com Inc will hire 10,000 more people in the UK, taking its total headcount in the country to 55,000 by the end of 2021 and making the ecommerce giant one of few big employers adding jobs during the pandemic. It comes a day after the world’s largest online retailer said it’s hiring 75,000 workers for its sprawling North American ...

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• 17 May

  Walmart among retailers dropping masks over CDC rules

  

  Bloomberg Walmart Inc said fully vaccinated staff and customers can now leave their masks at home, a decision that could influence how other businesses respond to the latest government guidance. The nation’s biggest private employer said fully vaccinated staff need not wear a mask at work starting from May 18, the same day the retailer reports first-quarter results. The rule ...

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• 17 May

  General Mills makes $1.2b bet on pets

  Bloomberg Cereal giant General Mills Inc continued its push into what it calls the “humanisation of pets” with a $1.2 billion deal to buy a division from Tyson Foods Inc that sells treats under brands like Nudges and Top Chews. The division, started in 2011, tallied more than $240 million in revenue over the past 12 months through April 3, ...

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• 17 May

  EU should stop ‘point-scoring’ over Northern Ireland: Frost

  

  Bloomberg Brussels should stop “point-scoring” and work with the UK to implement the Brexit trade deal, according to David Frost, the British minister in charge of relations with the European Union. Writing in the Mail on Sunday newspaper, he called on EU officials to cooperate over problems arising from the so-called Northern Irish protocol, which draws a trade border in ...

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• 17 May

  Trump’s questioning of US integrity is like China, says Cheney

  

  Bloomberg Representative Liz Cheney said former President Donald Trump’s role in her ouster was “dangerous” and that she’ll do all she can to prevent a second Trump term. “We have to recognise what it means for the nation to have a former president who has not conceded and who continues to suggest that our electoral system cannot function,” Cheney said ...

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