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Air France valuation lures buyers where many fear to go

  Bloomberg Even by the cut-throat standards of the aviation industry, Air France-KLM Group has been a dire case: labor fights that have turned violent, cost-cutting efforts blocked by politicians, low-cost carriers aggressively taking over its home market. Yet more investors are starting to buy in. The arrival in July of new Chief Executive Officer Jean-Marc Janaillac, who promises a ...

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iPhone launch generates euphoria and dejection

  AFP Apple’s global iPhone launch was marked by excitement and frustration as fans queued to find scarce models of the coveted smartphone. Scenes in Apple stores around the world were reminiscent of days before online ordering became a norm and people camped out for days to be first to get hands on the California company’s iPhone 7 and 7 ...

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Samsung recalls 1mn smartphones

  AFP The US Consumer Product Safety Commission announced a recall of around one million Samsung Galaxy Note 7 smartphones plagued by incidents of batteries bursting into flames. The move by the US safety agency formalizes the recall underway in 10 countries after reports of faulty batteries that caused some handsets to explode during charging. Samsung meanwhile announced replacements for ...

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