January, 2021

• 21 January

  Etihad Cargo sees 50% y-o-y rise in pharma shipments

  

  Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi-based Etihad Aviation Group, reported a 50 percent year-on-year rise in pharma shipments under its specialised PharmaLife product. The double-digit annual growth comes as the carrier marks its second anniversary of achieving and operating IATA CEIV certification for pharmaceutical and life science logistics (IATA CEIV Pharma), in ...

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• 21 January

  American heroes don’t need Trump’s garden

  

  On his way out the door, ex-President Donald Trump issued an executive order expanding on his earlier call for the creation of a “Garden of American Heroes.” The context is that recent events have supposedly shown that the US no longer believes in its own greatness and has mocked its own history and heritage, and so this new tonic is ...

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• 21 January

  Is being iPhone supplier a blessing?

  

  Becoming an iPhone supplier these days isn’t quite the blessing it once was. Stagnating smartphone sales mean companies can’t just hitch themselves to Apple’s mast and hang on for the ride. So it’s fair enough that Lumentum Holdings Inc, a maker of laser components used in the 3-D sensors of Apple Inc’s Face ID, is seeking alternative ways to grow. ...

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• 21 January

  Italy has problems that money can’t solve

  For the past year and a half, European Union leaders must have hoped that Italy’s political troubles were only a distant memory. The ongoing showdown between Prime Minister Giuseppe Conte and former premier Matteo Renzi shows that the lack of a stable and effective government in Rome remains one of Europe’s biggest challenges. Conte only managed to scrape through a ...

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• 21 January

  Brexit’s troubles aren’t all teething problems

  For anyone who thought Brexit was done in 2020, the early signs are that it will, once virus woes settle, become Boris Johnson’s biggest headache. Again. It’s not a great sign when a formerly pro-Brexit lobby is suddenly furious about a part of the deal that was billed as a triumph. “The key is we’ve got our fish back and ...

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• 21 January

  UK flight regulator faces Brexit test with Boeing Max approval

  

  Bloomberg Britain’s aviation regulator, granted new powers in the Brexit split, faces an early test of how it uses them with the looming return of Boeing Co’s 737 Max jetliner. Approval of the Max to fly again after two fatal crashes provides a chance for the Civil Aviation Authority (CAA) to demonstrate its independence. At the same time it highlights ...

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• 21 January

  Singapore Air trials ‘pre-departure tests’

  

  Bloomberg Singapore Airlines Ltd has set up pre-departure coronavirus tests for passengers through its booking platforms as part of efforts to revive travel demand destroyed by the pandemic. People flying from Singapore as well as those traveling to the city-state from Jakarta and Medan in Indonesia can take tests at clinics and get results within 36 hours. If negative, they ...

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• 21 January

  Burberry gains on optimism scrapping discounts to pay off

  

  Bloomberg Burberry Group Plc’s decision to eliminate discounts is showing progress as the brand aims to elevate the image of its products in the eyes of luxury consumers. Burberry shares rose as much as 5.9%, the most in two months in London trading. The brand has been phasing out markdowns, leading to an improvement in full-price sales during its fiscal ...

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• 21 January

  Hong Kong, Changi lose status as Asia’s busiest airports

  

  Bloomberg Hong Kong no longer has the busiest airport for international traffic in Asia after the coronavirus pandemic wiped out travel, leaving South Korea’s Incheon International Airport in top spot, albeit with drastically fewer numbers than previous years. Hong Kong International Airport handled 8.84 million passengers in 2020, an 88% plunge from the previous year. That sent it down two ...

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• 21 January

  Office Depot open to potential Staples deal

  Bloomberg The parent of Office Depot said it’s open to a potential tie-up with Staples, but only if it can avoid the regulatory pushback that derailed their last merger attempt. ODP Corp sent a letter to Sycamore Partners, the private-equity owner of Staples, rejecting Staples’ original offer and suggesting some alternative directions. ODP would be open to either a joint ...

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