Vertical farming, a system for growing food without soil or sun that for decades has thrived mainly in sci-fi films and the International Space Station, is going mainstream. AeroFarms is poised to be the first vertical-farming startup to be listed on the NASDAQ in the next month after it completes a merger with Spring Valley Acquisition Corp. Its products — ...
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Republicans need to be more than Trump party
Republicans are apparently too busy stoking cultural grievances and recounting votes from the 2020 presidential election to craft a policy agenda for the next election. Looking forward instead of backward would be a better way to build political support and to channel the populism of former President Donald Trump into programs to help working- and middle-class voters. The alternative for ...
Read More »CD&R beats Fortress in $9.5b auction, wins Morrison prize
Bloomberg Clayton Dubilier & Rice (CD&R) LLC won a months-long battle for WM Morrison Supermarket Plc, beating out private-equity rival Fortress Investment Group in a rare auction with a knockout $9.5 billion offer for Britain’s fourth-largest grocer. The final offer of 287 pence a share “represents excellent value for shareholders while at the same time protecting the fundamental character of ...
Read More »Virgin Atlantic swells US network over reopening
Bloomberg Virgin Atlantic Airways Ltd will double the number of services it operates to the US, adding back six routes suspended at the start of the coronavirus crisis as the Biden administration relaxes border curbs. The UK carrier restored flights from London Heathrow to San Francisco, which will be followed by links to Orlando, Florida, and Las Vegas next month, ...
Read More »Air France-KLM says narrow-body talks intensify, order may split
Bloomberg Air France-KLM is deep in negotiations with Airbus SE, Boeing Co and engine-makers vying for a massive narrow-body order and plans to make a decision on suppliers within months, Chief Executive Officer Ben Smith said. The deal will include at least 80 firm orders and 60 to 80 options, Smith said at an event in Paris. The purchase could ...
Read More »JetBlue says staff must get Covid shots
Bloomberg JetBlue Airways Corp told workers that two provisions in a recent federal mandate mean they must get fully vaccinated against Covid-19, possibly as soon as December 8. Airline cites provision requiring vaccinations at companies with more than 100 employees and those that do business with the federal government; “We will be treated as a federal contractor,†memo said. JetBlue ...
Read More »Walmart eyes sustainable debt sequel after record green deal
Bloomberg Walmart Inc is looking to sell more sustainable debt amid pressure for the retail industry to reduce its carbon emissions. The world’s biggest retailer made its debut in the green bond market in September with a $2 billion offering, the largest ever from a US corporation. The transaction was part of $7 billion bond sale spread across five parts ...
Read More »US to China: Halt ‘provocative’ military moves on Taiwan
Bloomberg The US called on China to halt its “provocative†pressure on Taiwan after a record number of daily incursions by Chinese warplanes, saying the military actions are destabilising and risk leading to “miscalculations.†“The US commitment to Taiwan is rock solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region,†State ...
Read More »North Korea condemns UN Security Council’s meeting on missile tests
Bloomberg North Korea denounced a closed-door UN Security Council meeting that found recent missile tests by the secretive nation were a violation of the UN resolution, saying it’s an encroachment on the country’s sovereignty. The missile tests were “conducted thoroughly in the territorial land, air and seas†of North Korea an in open seas and “never posed threats or harm†...
Read More »Czech PM’s party holds poll lead before elections
Bloomberg Czech Prime Minister Andrej Babis’s ANO party looked the favourite to garner the most votes in next week’s general elections, retaining its lead in a new opinion poll. No single party or coalition is likely to win an outright majority in the October 8-9 ballot, according to the survey of 1,247 people carried out on September 24-30 by pollster ...
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