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A lynching in July 1946 continues to haunt US!

To place today’s racial tensions in perspective, you must remember this: Back in the day, post-lynching souvenir hunting — fragments from the hanging tree; victims’ body parts — was a hobby for some. A student who found a victim’s tooth at Moore’s Ford Bridge in July 1946 gave it to his friend for her charm bracelet. The past really is ...

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Macron needs $17b to save Airbus

The Covid-19 pandemic has brought the usually resilient aerospace industry to its knees. Air passenger traffic has collapsed by 90% in Europe and isn’t likely to get back to pre-virus levels for several years. Airlines are fighting for survival and have grounded their fleets. Passenger-jet makers Airbus SE and Boeing Co, after years of briskly building planes to meet booming ...

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Apple’s chip switch is double trouble for Intel

It’s finally going to happen. Apple Inc is on the verge of using its own chips over Intel Corp’s for its Mac computers. Bloomberg News reported that Apple is preparing to announce as soon as this month that it will use its own processors in Macs starting next year. The new Macs will incorporate the same internally-developed semiconductors, based on ...

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Economic nationalism is wrong turn for India

Prime Minister Narendra Modi wants all 1.3 billion Indians to be “vocal for local” — meaning, to not just use domestically made products but also to promote them. India’s Covid-19 lockdown has severely pinched logistics, a perennial challenge in the huge, infrastructure-starved country. But more worrying than the disruption is the fruity political response to it. Rather than being a ...

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Delta Air in talks to delay $300m Gol loan payment

Bloomberg Delta Air Lines Inc is in talks to let Gol Linhas Inteligentes SA postpone payments on a $300 million loan for which the US carrier is guarantor, two people familiar with the matter said. The loan matures in August. Negotiations are under way and a delay agreement is expected to be reached, the people said, asking not to be ...

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American to put 141 planes back in service

Bloomberg American Airlines Group Inc will take 141 aircraft from storage to support an increase in July service as travelers return to the skies faster than expected amid the coronavirus pandemic. The carrier will reactivate 83 Airbus SE A320 family planes and 58 Boeing Co 737 jets, spokesman Brian Metham said. American joins Delta Air Lines Inc in bringing back ...

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Portugal’s budget includes up to $1.4b in aid for TAP

Bloomberg Portugal’s supplementary budget for 2020 includes as much as 1.2 billion euros ($1.4 billion) in aid for TAP SGPS SA after the airline had to suspend most of its operations due to the coronavirus outbreak. The process to provide aid for TAP hasn’t been concluded yet, Secretary of State for Treasury Alvaro Novo told reporters at a press conference ...

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Estee Lauder to boost black hiring, donations after complaints

Bloomberg Estee Lauder Cos plans to hire more black employees, buy more from black-owned businesses and expand diversity training programs after employees raised concerns about race relations within the company. Top executives at one of the world’s largest cosmetics businesses said they “stand in solidarity with our black employees, black consumers and black communities and firmly believe black lives matter,” ...

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Best Buy to reopen most stores next week

Bloomberg Gadget junkies soon won’t need an appointment to shop at Best Buy Co anymore. Starting from June 15, the nation’s biggest consumer-electronics retailer will allow a limited number of shoppers inside most of its stores, moving past an appointment-only model that it had instituted in the wake of the Covid-19 pandemic. The retailer will bring back about 9,000 employees ...

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Kim raises pressure on South Korea to split with Trump

Bloomberg Both North Korea and left-leaning supporters of South Korean President Moon Jae-in want him to restore economic ties broken by security tensions. But pleasing them would mean angering US President Donald Trump. North Korea said it was closing down communication links set up two years ago between Moon and Kim Jong-un, jeopardising the South Korean leader’s 2017 campaign promise ...

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