Bloomberg Alphabet Inc’s Google unit walked away from a plan to rent space in Dublin for as many 2,000 workers, shelving one of the city’s biggest real-estate deals in recent years. Google had been in talks to rent about 202,000 square feet (18,766 square meters) of space at the Sorting Office, close to the Irish capital’s south quays, adding to ...
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UAE teams begin rescuing 75,000 people affected by Pakistan floods
ISLAMABAD / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and with the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of ...
Read More »Oil moves back above $40 with equity gains, technical support
Bloomberg Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff. Futures rise 1.1% after a precipitous slump a day earlier that saw prices settle below $40 for the first time since June 15. While crude rallied along with other risky assets, it also found technical support on Wednesday. Brent dropped a few ...
Read More »Startup making diesel from plastic tops $1b value
Bloomberg Quantafuel AS, a Norwegian company turning plastic waste into motor fuels, jumped the most ever in Oslo trading after finally starting operations at its first plant. The company, which was founded in 2014, has more than tripled in value since listing on Oslo’s Merkur Market in February. It’s now valued at more than $1 billion. Quantafuel started production at ...
Read More »Boeing’s latest 787 flaw puts fleet under scrutiny
Bloomberg Almost every Boeing Co 787 Dreamliner may have a newly disclosed manufacturing flaw in its horizontal stabiliser, said a person familiar with the matter. While Boeing says the issue doesn’t pose an immediate hazard, engineers are studying whether the fault could prematurely age the jets’ carbon-fiber structure. Improper gaps in the stabiliser, the small wing in the aircraft tail, ...
Read More »Lululemon reports rise in e-commerce business
Bloomberg Lululemon Athletica Inc reported a surge in its e-commerce business as quarantined consumers flocked to comfy apparel like yoga pants. Chief Executive Officer Calvin McDonald said he is “cautiously optimistic†about the second half of the year. In an echo of retailers including Gap Inc and Nike Inc, Lululemon’s comparable online sales excluding currency impacts rose 157% in the ...
Read More »Ryanair hammers government ‘mismanagement’ of Covid crisis
Bloomberg Ryanair Chief Executive Officer Michael O’Leary lashed out at governments over their handling of the coronavirus pandemic, saying an ineffective response to the crisis had added to the difficulties of struggling airlines. Leaders in the UK and Ireland are focussed on the wrong data with the daily coronavirus case rate and should put more effort towards test-and-trace programs to ...
Read More »China cancels airshow for first time in 24-year history
Bloomberg China’s biggest airshow, which takes place every two years in the southern city of Zhuhai, has been canceled due to the coronavirus, according to a statement Wednesday. The China International Aviation & Aerospace Exhibition was due to take place from November 10-15 and feature industry giants including Boeing Co and Airbus SE. The biennial show first took place in ...
Read More »Air travel over Labour Day surges to most since March
Bloomberg US airline passenger traffic reached new heights over the Labor Day holiday, flirting with a daily total of nearly 1 million fliers for the first time since the Covid-19 pandemic erupted. On September 4, 968,673 people passed through security screening portals at US airports, the Transportation Security Administration said. That was 44.1% of the equivalent day last year, the ...
Read More »Airbus tops on deliveries
Bloomberg Airbus SE delivered 39 jets last month while avoiding order cancellations as it battles to keep revenue flowing in a market battered by the coronavirus crisis. August handovers comprised 35 A320-series narrow-body planes and four twin-aisle jets, the Toulouse, France-based company said. The overall tally is down 10 planes from July. Boeing Co said it delivered 13 planes in ...
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