March, 2021

• 8 March

  Joe Biden should press harder on Nord Stream 2

  The Biden administration has opted for now not to impose new sanctions on Nord Stream 2, the pipeline that will double the amount of natural gas Russia transports directly to Europe. For the time being, the decision allows the US to avoid a confrontation with Germany, the project’s main supporter. It also risks inflaming Congress and handing a geopolitical victory ...

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• 8 March

  Marks & Spencer to expand online reach in overseas foray

  

  Bloomberg Marks & Spencer Group Plc (M&S) will launch websites in 46 new overseas markets to try to revive an international business that’s languished for years in spite of multiple turnaround efforts. The British seller of food, clothing and housewares said the expansion into nations from Nepal to Bolivia and Uzbekistan would extend its online reach to more than 100 ...

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• 8 March

  UK aviation industry seeks for financial aid

  

  Bloomberg Heathrow airport, unionised workers and ground-handling staff issued a joint plea to UK Prime Minister Boris Johnson for more state funding to help the aviation industry survive Covid-19 travel restrictions that put demand at just 2% of its usual level. A June estimate by the New Economics Foundation said a further 124,000 jobs in the UK were at risk ...

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• 8 March

  Walmart’s foray into finance makes a friend of an old foe

  

  Bloomberg One of Walmart Inc.’s longtime foes conceded the retailer’s latest foray into banking could end well for consumers. “There are still a lot of people who want a physical location to go to for their banking services, and Walmart could provide that with all its stores,” said Sheila Bair, who oversaw the Federal Deposit Insurance Corp. when the retail ...

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• 8 March

  United plane’s broken fan blade last inspected in ’16

  Bloomberg The fan blade that broke on a United Airlines plane over suburban Denver last month failed well before it was required to receive its next routine inspection, investigators said. The blade that fractured, triggering the February 20 failure, had 2,979 cycles — each of which represents a flight or any time the engine was started — since its last ...

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• 8 March

  Boeing reeled from ‘terrible’ press after first Max crash

  

  Bloomberg Boeing Co. leaders were stunned by a barrage of negative articles after a 737 Max plunged into the Java Sea in October 2018, killing all aboard, according to internal communications. The messages, under court order, show that executives and board directors worried about media coverage and indications that pilots on the Lion Air flight were caught unaware by an ...

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• 8 March

  Delta restores pay for its managers

  Bloomberg Delta Air Lines Inc. is making payments to management employees to help offset reductions imposed a year ago when the burgeoning coronavirus pandemic decimated travel demand and prompted workers to take unpaid leave or retire early to help slash spending. The carrier is making the payouts after accepting billions of dollars in federal aid dedicated to preventing broad involuntary ...

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• 8 March

  Myanmar protesters begin strike, vow to defeat army

  

  Bloomberg Myanmar protesters marched Monday in some of the country’s biggest cities, part of another nationwide strike to pressure the military to relinquish power after a February 1 coup. Thousands of demonstrators hit the streets in Yangon and Mandalay, Myanmar’s biggest cities, as well as other cities to keep up momentum for the pro-democracy movement. In the southeastern city of ...

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• 8 March

  Top lawmakers say Cuomo should resign, governor says ‘no way’

  

  Bloomberg New York’s highest-ranking state lawmakers called on Governor Andrew Cuomo to resign even as he remained defiant that he wouldn’t step down. “I am not going to resign because of allegations,” Cuomo said on a call with reporters. “There is no way I resign.” Cuomo, a third-term Democrat, faces claims of impropriety from five women, after disclosures from two ...

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• 8 March

  China to fight US sanctions with legal ‘toolkit’

  

  Bloomberg Beijing pledged to speed up legislation aimed at countering US sanctions, as it seeks to narrow Washington’s advantages in disputes after the Trump administration levied waves of penalties against China. Measures were announced by National People’s Congress Standing Committee Chairman Li Zhanshu as part of his annual report to the Chinese legislature on Monday. “We will upgrade our legal ...

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