Without much fanfare, some of the biggest names in tech have been pulling back on once-enthusiastic efforts to disrupt healthcare. Within the past nine months, Alphabet Inc has dismantled its healthcare division Google Health while IBM sold its Watson Health data and analytics business to a private equity firm, having struggled to turn a profit. It turns out healthcare ...

  Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills. These are now also rising, creating an added problem for households, for the president — and, as it happens, for utilities. Governor Ron DeSantis of Florida recently threw a curveball when he vetoed utility-friendly solar power legislation. ...

  Compared with the vocal and lavish support Ukraine has received from the US and the UK, that of Germany seems lukewarm, almost reluctant, especially to Ukrainians themselves. The moderation may be morally questionable, but it makes historical and political sense. Both Chancellor Olaf Scholz and the country he leads are already way out of their comfort zone. Yet notwithstanding ...

Bloomberg Colombia’s Avianca Group International Ltd and Brazil’s Gol Linhas Aereas Inteligentes SA will unite under a common ownership structure, creating what they say will be one of the largest airline groups in Latin America. The airlines’ principal shareholders agreed to form Abra Group Ltd, a closely held company incorporated in the UK, the carriers said. While the airlines will ...

Bloomberg The European Union is relaxing its guidance for mask wearing on flights starting next week even as many airlines have already abandoned those rules with Covid-19 concerns easing. Wearing face masks at airports and inflight should be aligned with national measures, the European Union Aviation Safety Agency said in a protocol. If either the departure or destination states require ...

Bloomberg Rolls-Royce Holdings Plc said renewed coronavirus restrictions in China are holding back crucial service revenue from its jetliner engines even as markets begin to recover elsewhere. Over the first four months of 2022, flying hours, which determine revenue-generating maintenance visits, were 42% higher than the prior year, London-based Rolls-Royce said. “Passenger demand is recovering on routes where travel restrictions ...

Bloomberg Activist investor Macellum Capital Management’s bid to overhaul the board of Kohl’s Corp was rejected by investors. Kohl’s shareholders voted against all 10 directors nominated by Macellum, according to a preliminary tally, the retailer said in a statement. The hedge fund has been pressuring the company for two years to overhaul its board or sell itself. That seems unlikely ...

  Bloomberg A Tibet Airlines plane burst into flames after veering off the runway during takeoff at China’s Chongqing Airport, footage on social media showed. The front portion of the Airbus A319 aircraft was engulfed in flames and enveloped by thick black smoke. Passengers carrying bags and other items were seen on the tarmac running away from the burning jet. ...

  Bloomberg Boeing Co would consider selling stock to repair its balance sheet if its battered shares recover and the company hits milestones like finally restarting 787 Dreamliner deliveries, Chief Financial Officer Brian West said. “All options are on the table,” West told a Goldman Sachs Group Inc conference. While a prominent customer has publicly questioned the company’s strategic vision ...

Bloomberg North Korea fired three short-range ballistic missiles from an area near Pyongyang toward waters off its east coast, South Korea said, the latest in a series of volleys ahead of a planned visit to the region next week by US President Joe Biden. Launched at 6:29 pm local time on Thursday, the missiles flew about 360 kilometres (224 miles) ...