March, 2021

• 17 March

  How will vaccine passports work?

  

  As more Americans get vaccinated, there is increasing talk of “vaccine passports.” There are strong emotional reactions to this idea, positive and negative, but my attempt at a more analytical view leads me to a conclusion that is not entirely satisfying (even to me): America should work to develop vaccine passports but never actually require them. First, I am not ...

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• 17 March

  Is China ready for its own Cathie Wood?

  Cathie Wood is a superstar. In just one year, her ARK Investment Management took in nearly $40 billion of new money, behind only Vanguard Group and BlackRock Inc’s iShares, each of which has hundreds of funds. Last year, the performance of her flagship ARK Innovation ETF, which holds next-generation tech frontiers such as Tesla Inc and Square Inc, was nothing ...

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• 17 March

  Fed should embrace market’s optimism

  The Federal Reserve’s monetary policy meeting this week is a chance for the central bank to get back on the same page with the bond market. The challenge will be pushing back market expectations that an interest rate increase could come as soon as the end of next year. How it delivers that message convincingly will be key. Chair Jerome ...

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• 17 March

  Boeing tests Dreamliner cockpit windows as flaws search widens

  

  Bloomberg Boeing Co. is scrutinising the flight-deck windows of some of its 787 Dreamliners as the beleaguered planemaker expands its search for potential manufacturing flaws that have delayed deliveries of its marquee jetliner, according to people briefed on the matter. Chicago-based Boeing has been testing the cockpit windows in a limited batch of aircraft after learning a supplier modified its ...

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• 17 March

  Deliveroo seeks to raise $1.4bn in London IPO

  

  Bloomberg Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, some existing investors plan to sell shares, Deliveroo said in a statement, without providing details. Deliveroo, whose backers include Amazon.com Inc., was ...

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• 17 March

  Dirt-cheap flights are on sale as Covid-hit airlines take on rivals

  

  Bloomberg Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales and get a jump on competitors that have pared back operations. Airlines worldwide cut $1 billion of expenses a day last year to cope with the slump in passengers, and that’s given them some ...

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• 17 March

  Virgin Atlantic planning $223m in new financing

  Bloomberg Virgin Atlantic Airways Ltd. is set to raise 160 million pounds ($223 million), as part of a financing package to sustain the carrier ahead of the expected reopening of international travel in the coming months. Richard Branson’s Virgin Group is set to provide the bulk of the funds, putting up about 100 million pounds. Another 60 million pounds will ...

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• 17 March

  British Airways presses UK for clear plan to reopen travel

  

  Bloomberg British Airways called on Prime Minister Boris Johnson’s government to set a firm plan for resuming international flights, including timelines and conditions the airline can use to plan ahead for summer season. IAG SA’s flagship airline is seeing a “great demand to travel and a real desire to allow British people to travel,” said Sean Doyle, BA’s chief executive ...

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• 17 March

  Shoprite to focus on market gains in Africa

  Bloomberg Shoprite Holdings Ltd. switched its focus firmly towards taking market share in its home market of South Africa, after opting to withdraw from Nigeria and Kenya and move more cautiously in Angola. The more guarded approach comes after the continent’s biggest supermarket chain struggled with supply disruptions and getting money out of some countries. The company is seeking to ...

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• 16 March

  UK to expand nuclear arsenal in biggest shift since Cold War

  

  Bloomberg The UK plans to bolster its stockpile of nuclear weapons to counter growing threats around the world, Prime Minister Boris Johnson announced as he unveiled a radical overhaul of defense and foreign policy. Under a blueprint for the next decade, the UK will cut troop numbers, tanks and some fighter jets, according to a person familiar with the matter, ...

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