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Delivery drone unveiled by startup joins air race for commerce

Bloomberg A startup hoping to challenge more established drone delivery giants such as Amazon.com Inc is unveiling a pod-like craft that it predicts could someday be used by stores to get products to customers within minutes. The company, Flirtey Inc, also envisions entering the public health sphere, with plans to fly defibrillators directly to emergency scenes, the company said in ...

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India plans to conduct own assessment on Boeing’s 737 Max jets

Bloomberg India plans to conduct its own checks and demand simulator training for all pilots before Boeing Co’s 737 Max jets can fly in the country again, even if the US Federal Aviation Administration (FAA) were to clear the grounded jets, a person with direct knowledge of the matter said. India plans to start its own assessment only after the ...

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Steinhoff gets $3.6mn fine following accounts scandal

Bloomberg South Africa’s financial regulator fined Steinhoff International Holdings NV a record 53 million rand ($3.6 million) for failing to properly disclose accounting problems and is probing at least 10 individuals in connection with the late-2017 scandal. The Financial Sector Conduct Authority (FSCA) reduced the penalty from an initial 1.5 billion rand in light of the retailer’s precarious financial position, ...

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