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Prime Minister Boris Johnson is due to provide a roadmap out of England’s lockdown restrictions on February 22, but those in his party who want the curbs lifted are growing impatient. The UK government is on track to reach its target of vaccinating the top four priority groups by the middle of the month. The over-50s could be largely vaccinated ...
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February, 2021
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10 February
How not to run an investment bank
Natixis SA’s 14 years as a publicly traded bank will be best forgotten. Losses during the global financial crisis pushed the French firm, which trades securities and owns an asset manager, to the edge soon after its 2006 creation. While the company has been profitable since then, repeated trading losses and funds that ran wild have been a constant reminder ...
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10 February
Tech is a major topic on the Clubhouse
In the technology world, this may be remembered as the month when Clubhouse started to matter. Elon Musk and Mark Zuckerberg made appearances on the service. For a short time, Chinese-language discussions dealt with the Xinjiang issue in a frank and open manner, attracting wide public attention. If you don’t already know, Clubhouse is a year-old social media service consisting ...
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10 February
Republicans’ excuses for not convicting Trump
The Senate’s impeachment trial of Donald Trump is unprecedented: It’s the first time a president has been tried twice, and the first time an ex-president has been tried at all. The fact that it is taking place is a testament to how outrageous Trump’s conduct was in his last months in office. Even opponents of the impeachment trial, such as ...
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10 February
Amazon-Ambani spat tests India’s allure for investors
Bloomberg The tussle between two of the world’s richest men — Jeff Bezos and Mukesh Ambani — to dominate India’s estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings. There have been new developments in Amazon.com Inc’s legal battle to block Ambani’s Reliance Industries Ltd from acquiring Future Retail Ltd’s assets, in what would be ...
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10 February
Garuda Indonesia to return 12 CRJ aircraft
Bloomberg Indonesia’s flag carrier PT Garuda Indonesia said it unilaterally ended a Bombardier leasing contract with Nordic Aviation Capital A/S and will return a dozen CRJ jets amid an ongoing bribery probe. The airline terminated the contract after a series of negotiations on price with Nordic Aviation yielded no satisfactory results, according to President Director Irfan Setiaputra. The 12 planes ...
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10 February
UK airports warn confusion threatens quarantine plan
Bloomberg The UK’s latest clampdown on air travel was met with alarm by industry executives, who called the restrictions complex and said they fear a worsening struggle for survival. Health Secretary Matt Hancock outlined details of new restrictions, including a hotel quarantine and multiple Covid-19 tests, coming into force from February 15 in an attempt to prevent dangerous new virus ...
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10 February
Singapore Air expands 777X order in boost to jumbo’s heir
Bloomberg Singapore Airlines Ltd is swapping some of its Boeing Co wide-body jetliner orders for the larger 777X, giving a boost to the model as part of an agreement to slow near-term deliveries from the US planemaker. The airline will pare commitments for the Boeing 787-10 Dreamliner by 14 planes, while adding 11 777-9s to its existing order, according to ...
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10 February
Indonesia investigators focus on engine control in Boeing crash
Bloomberg The investigation into last month’s Sriwijaya Air crash in Indonesia is focusing on the carrier’s maintenance and training procedures as well as the engine-control system of the Boeing Co 737-500 jet. While Indonesia’s National Transportation Safety Committee (NTSC) is still trying to determine the exact cause of the disaster, lead investigator Nurcahyo Utomo said at a media briefing on ...
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10 February
UK retail sales fall over new virus variant
Bloomberg England’s third lockdown hit non-essential retailers harder than the previous one in November, with the new variant of the coronavirus hampering spending and confidence last month, according to the British Retail Consortium. Clothing and footwear stores fared particularly badly as retailers on the whole saw the value of sales decline from a year earlier, the business lobby said. A ...
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