Bloomberg Sony Corp predicts that robots will take over its manufacturing of televisions, smartphones and cameras as the company shifts attention to services, the Financial Times reported. Unmanned production lines are expected to cut costs by 70% at Sony’s mainstay TV factory in Malaysia by the fiscal year 2023, compared with 2018, the FT cited Kimio Maki, head of Sony’s ...

Bloomberg Nestle SA is planning to enter the cultured-meat market in a move that could see the world’s largest food company help deliver the nascent technology faster to the mass market. The Swiss giant has been working on alternative meat products that would blend cultivated meat with plant-based ingredients. The meat is being developed with Israeli cell-based startup Future Meat ...

ERBIL / WAM The Emirates Red Crescent (ERC) provided relief aid to people affected by the fire that erupted in the Sharia Refugee Camp in Dohuk, Kurdistan Region, Iraq. A delegation from the ERC supervised the distribution of food, medical supplies, clothes, cooking equipment and other necessities to thousands of Iraqi refugees at the camp. The delegation, which is visiting ...

Bloomberg Air France-KLM has begun negotiations with Boeing Co and Airbus SE on what could be the group’s biggest-ever aircraft order as it seeks to expand low-cost operations and renew part of its main Dutch fleet. The 160 single-aisle planes would be destined for the Transavia discount division and European operations at KLM, a spokesman said. The brands currently operate ...

Bloomberg Adani Enterprises Ltd has taken control of Mumbai’s international airport from GVK Group, in a bold bet by billionaire Gautam Adani that travel will stage a rapid recovery after being crushed by the pandemic. The deal for Mumbai International Airport Ltd, India’s second busiest, makes Adani Airport Holdings Ltd the nation’s largest airport infrastructure company, accounting for 25% of ...

Bloomberg Porter Airlines Inc plans to order as many as 80 Embraer SA commercial E195-E2 jets as it expands services to Toronto’s Pearson International Airport. The decision moves the regional carrier squarely onto larger rival Air Canada’s home turf as the airline industry prepares for a surge in travel demand as pandemic restrictions begin to ease. The introduction of jets ...

Bloomberg Hong Kong apparel giant Esquel Group said it is suing the US government for what it called the “erroneous” blacklisting of a subsidiary, saying it had been “falsely implicated” in the use of forced labor in China’s Xinjiang region. The unit, Changji Esquel Textile Co, was added to the US Commerce Department’s Entity List during former President Donald Trump’s ...

Bloomberg General Electric Co vowed to curb the greenhouse gases produced by the use of its products—including thousands of fossil-fueled turbines and jet engines in operation around the world—in a bid to achieve net-zero emissions by 2050. The new goal, announced in GE’s annual sustainability report, signals that the industrial giant plans to go beyond an earlier pledge to make ...

Bloomberg Ryanair Holdings Plc is starting one of the biggest recruitment drives among European airlines, adding 2,000 pilots over the next three years as it plans to grab market share from rivals weakened by the pandemic. Europe’s biggest discount carrier needs pilots to fly its new Boeing Co 737 Max jets, which it began taking last month, Ryanair said. The ...

Bloomberg Banks in Germany are rapidly cutting back on office space as a rising number of staff work from home, putting them at the vanguard of a global shift that could permanently change the way bankers work. Deutsche Bank AG is vacating several floors in a building housing about 1,000 employees, HSBC Germany is ditching six separate offices in Dusseldorf ...