With consumers back in the shops and retailers doing fairly good business, mall owners are now signing leases at higher rentals. In fact, space in malls seems to be in short supply as retailers are looking for bigger showrooms. Occupancy levels are looking up with most malls reporting levels of 96-98%. While footfalls are yet […]
NEW YORK — Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thursday. Read More
TORONTO — VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA) announced today the voting results from its annual general and special meeting of shareholders held on June 2, 2022 (the “Meeting”). Read More
SEOUL — South Korea’s consumer prices in May rose faster than expected and at their fastest annual pace in nearly 14 years, government data showed on Friday. Read More
WASHINGTON — Sony on Thursday said it formed a new company that will build and supply devices that allow small satellites in orbit to communicate with one another via laser beams, dipping into the fast-growing space sector. Read More
Another round of tussle between the government and social media firms like Twitter, Facebook, Google, etc, may be in the offing as the former plans to further tighten intermediary rules by constituting grievance appellate committees. These committees would look into complaints relating to blocking of content or accounts by social media firms. “The central government […]
WASHINGTON/NEW YORK — The United States on Thursday added 71 Russian and Belarusian entities to its trade blacklist including several aircraft factories and shipbuilding and research institutes in its latest effort to deprive the Russian military of U.S. technology and other items. Read More
How effective are governments and central banks in controlling the economy? This question has become relevant in the face of high inflation throughout the world. Central banks everywhere have started increasing their policy rates or are contemplating the same. Governments, too, are trying to control inflation, a recent example from India being the Centre’s decision […]
Apart from creating unnecessary confusion, the Centre’s recent flip-flop over the safety of sharing Aadhaar card photocopies also exposes the deep-rooted problems in the ecosystem. A regional office of the Unique Identification Authority of India (UIDAI) had cautioned against sharing photocopies with “unlicensed private entities”, in an advisory last week. It also warned against downloading […]
In this special Pride edition of “Bloomberg Equality,” Bloomberg’s Caroline Hyde and Romaine Bostick dig into the importance of LGBTQ visibility, the leadership paving the way to inclusion, and the economic realities for this community. Guests include: GLAAD CEO Sarah Kate Ellis, and Andrei Najjar, CEO of The Pride Co-op. ——– Follow Bloomberg for business […]