Ian is a wake-up call on costs of climate paralysis

  After a sleepy start to the North Atlantic hurricane season, Ian jolted us all awake. The storm tore through the Carolinas and beyond. But all we can see at the moment is the devastation left behind in Florida. At least 15 people have been confirmed dead, some 2.6 million homes and businesses are without power and two bridges have ...

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United Air to exit JFK airport after dispute over expansion

Bloomberg United Airlines Holdings Inc. plans to suspend service at New York’s John F. Kennedy International Airport, following through on a threat earlier this month to halt flights if regulators don’t allow the carrier to expand there. The decision will only affect four daily flights. The carrier’s New York-area presence is largely concentrated at nearby Newark Liberty International Airport in ...

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Russia loses seat on council of UN civil aviation agency

  Bloomberg Russia has lost its seat on the governing council of a UN agency that supports the cooperation and coordination of civil air travel among 193 countries. Russia failed to get enough support to keep its seat on the 36-member governing council of the International Civil Aviation Organisation, or ICAO, according to results. A spokesman for ICAO did not ...

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Walmart, CVS face suits blaming common painkiller for autism

  Bloomberg Dozens of lawsuits are challenging the long-standing belief that pregnant women can safely take acetaminophen, an over-the-counter drug used in Tylenol and generic pain medications. Women have filed 87 complaints in seven states against sellers of store-branded pain relievers, including Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. Citing new studies linking the drug to increased ...

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Americans plan fall travel despite higher costs ahead

  Bloomberg Financial worries may have bumped the pandemic as a top concern for travellers, but close to two-thirds of Americans still plan to hop on at least one overnight leisure trip in the upcoming three months—which include the holiday season. Of those travellers, nearly half are planning to visit friends and relatives. “Despite the challenges facing our industry, the ...

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Amazon urges call center staff to work from home

  Bloomberg Amazon.com Inc. is encouraging customer service employees at some US call centers to work from home, signalling the company’s preference for remote work in certain roles that would help save money on real estate, according to people familiar with the matter. The shift is part of a plan to close multiple call centers around the country, including one ...

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Cartier plans US store expansion

  Bloomberg Cartier, the French maker of upscale watches and jewelry, plans to open as many as 10 stores in the US in the coming years — another sign that European luxury brands are betting American demand will remain robust. The company, owned by luxury conglomerate Richemont, is likely to turn a temporary shop in Palm Beach, Florida, into a ...

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Russia says annexed zones’ borders not set as Ukraine gains

  Bloomberg Its forces losing ground by the day to Kyiv’s counteroffensive, Russia said it still hasn’t finalized the borders of two of the four regions of Ukraine that President Vladimir Putin last week claimed as his own. “As for Kherson and Zaporizhzhia, we will continue to consult with the people who live in those regions,” Kremlin spokesman Dmitry Peskov ...

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Credit Suisse CEO seeks to calm as default swaps near 2009 level

  Bloomberg Credit Suisse Group AG’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time. The cost of insuring the firm’s bonds against default climbed about 15% last week to levels not seen since 2009 as the shares touched a new record low. ...

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Philippine peso may fall to an all-time low

Bloomberg The Philippine peso may extend its record-setting slump against the greenback as billions of dollars of trade deficits weigh on the currency, increasing pressure on the central bank to intervene to slow its descent. The peso may slide to an all-time low of about 62 against the dollar as early as this year, about 4.8% weaker than Monday’s close, ...

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