February, 2021

• 27 February

  Boeing fined $6.6m for failing to comply on safety agreement

  

  Bloomberg Boeing Co has agreed to pay $6.6 million in penalties to US regulators after failing to comply with a 2015 agreement to improve its safety processes. The Federal Aviation Administration (FAA) announced the penalties in a press release. The company agreed to pay $5.4 million to settle earlier cases brought against the company and another $1.21 million for two ...

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• 27 February

  British Airways parent sees hope after $9b loss

  

  Bloomberg British Airways parent IAG SA said there are grounds for optimism about air travel this summer, after posting its first annual loss in almost a decade. The airline group reported an operating loss of 7.43 billion euros ($9 billion) in 2020, according to a statement. While Chief Executive Officer Luis Gallego expressed growing confidence that a recovery will take ...

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• 27 February

  EasyJet ticket sales surge as UK plan boosts hopes

  Bloomberg UK holidaymakers reappeared with a roar, showering EasyJet Plc and tour operator TUI AG with summer bookings just hours after PM Boris Johnson outlined a roadmap for air travel to return. EasyJet ticket sales more than quadrupled in the hours after Johnson said that international trips may restart as soon as May 17, the UK carrier said in a ...

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• 27 February

  Kohl’s faces activist group seeking control of board

  

  Bloomberg Kohl’s Corp is under pressure from a group of activists who want to name nine directors to control its board and press the retailer to reduce inventory and streamline promotions, according to a person familiar with the situation. The group holds a stake of about 9.5% in Menomonee Falls, Wisconsin-based Kohl’s, said the person, who asked not to be ...

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• 27 February

  Navis mulls Malaysian supermarket chains sale

  Bloomberg Asian buyout firm Navis Capital Partners is exploring a sale of premium supermarket chains in Malaysia, which could be worth about 1 billion ringgit ($248 million) according to people with knowledge of the matter. The firm is asking banks to submit proposals on the potential divestment of The Food Purveyor Sdn, the vehicle that owns the Village Grocer and ...

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• 27 February

  Best Buy falls as holiday sales, 2021 outlook disappoint

  

  Bloomberg Best Buy Co reported weaker-than-expected holiday sales and said anticipated shifts in consumer spending back to areas like dining out and travel could hamper its performance this year. Comparable-store sales in the US — a key gauge of performance — rose 12.4% in the fiscal fourth quarter that ended on January 30, missing the average projection from Consensus Metrix. ...

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• 27 February

  Biden: US strike in Syria was ‘be careful’ warning to Iran

  

  Bloomberg President Joe Biden said US airstrikes in Syria that killed militants linked to Iran were a warning to the Islamic Republic to be cautious as its proxies challenge American allies in the Mideast. Asked while visiting a National Guard vaccination site in Houston what message the strike was intended to send to Iran, Biden said: “You can’t act with ...

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• 27 February

  UN Security Council calls for cease fires to speed vaccinations

  

  Bloomberg The United Nations Security Council (UNSC) approved a UK-drafted resolution calling for local cease-fires in conflict zones so that coronavirus vaccinations can take place. The passage of the resolution, which calls for cooperation to overcome “logistical barriers to equitable access,” was seen as an early sign of cooperation between the new Biden administration and China, which supported the document ...

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• 27 February

  Trump hid multi-million dollar fraud on inheritance for years, niece tells judge

  

  Bloomberg Donald Trump’s niece is balking at the former president’s claim that she waited too long to file her multi-million dollar fraud suit against him, saying she would have sued sooner if he hadn’t covered his tracks so well. Mary Trump asked a judge to deny Donald Trump’s motion to dismiss the suit, which she filed in September against her ...

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• 27 February

  Ethiopia criticises Amnesty report on massacre in Tigray

  Bloomberg Ethiopia’s government criticised a report by Amnesty International that alleged war crimes in the northern town of Axum last year. Amnesty said that Eritrean troops massacred hundreds of unarmed civilians in November. It based its conclusions on interviews with 41 survivors and witnesses. The methodology used to produce report had “limitations” as it relied on information gathered from refugees ...

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