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September 19, 2020 Aviation
Bloomberg US accident investigators who last year urged broad reforms of aircraft certification after two deadly crashes of Boeing Co’s 737 Max have endorsed fixes for the jet proposed last month by the Federal Aviation Administration. A letter from National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said safety reviews by the regulators and proposed changes to pilot procedures had …
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September 19, 2020 Aviation
Bloomberg The administrators of South African Airways (SAA) remain in the dark about when the funds the government said it will provide to restart the insolvent national carrier will land. “The government sent a letter to the business rescue practitioners saying that National Treasury and the cabinet had committed to providing 10.5 billion rand ($650 million) in funding for SAA,†…
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September 19, 2020 Aviation
Bloomberg Kenya Airways Plc needs at least $500 million to ride out the coronavirus crisis after first-half revenue plunged almost 50%, Chief Executive Officer Allan Kilavuka said in an interview. The carrier, which is 49% state owned, must also be fully nationalised alongside Kenya Airports Authority, which runs the Nairobi hub, under a holding structure similar to that of regional …
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September 19, 2020 Aviation
Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce’s compensation fell 83% to A$1.7 million ($1.2 million) in the year ended June as the airline slashed salaries and bonuses to save money during the coronavirus crisis. Joyce went without pay from early March until August, when he started taking 65% of his base salary, Qantas said. He got no bonus …
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September 19, 2020 Retail
Bloomberg The pandemic may have wiped out demand for apparel and driven many remaining customers online, but that isn’t stopping Lululemon Athletica Inc from eyeing new brick-and-mortar stores across the US. Unlike some overstretched competitors, the upscale purveyor of yoga pants is still at an early stage of growth, according to CEO Calvin McDonald. In a recent video interview, he …
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September 19, 2020 Technology
Bloomberg By the start of the next decade Google wants to make sure all the electricity it uses for its data centers and offices will be truly 100% carbon free. Under its previous pledge the tech giant has been offsetting its consumption with direct renewable electricity purchases and the associated certificates. On paper, that allowed it to claim it used …
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September 19, 2020 Technology
Bloomberg IPhone users in the US are rushing to install messaging app WeChat days before President Donald Trump is set to ban downloads in the country. WeChat downloads surged to make it the 100th most-downloaded app in the US, according to mobile analytics firm SensorTower. It has typically ranked between 1,000th and 1,500th this year. This is the first time …
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September 19, 2020 Technology
Bloomberg Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behaviour through the Apple Watch gadget and an iPhone app. As part of the scheme, Singapore residents will be able to earn as much as S$380 ($280) in rewards and vouchers by completing goals and …
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September 19, 2020 Automobile
Bloomberg Amazon.com Inc.’s self-driving-car unit, Zoox Inc., is getting a green light from California to test autonomous vehicles on public roads without a safety driver, becoming the fourth company to receive the state’s blessing for truly driverless testing. The permit allows Zoox to operate two vehicles without a driver behind the wheel, a step up from approval it received four …
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September 19, 2020 Technology
Bloomberg Apple Inc. announced a revamp to the iPad Air that makes the tablet look like the pricer iPad Pro line by removing long-time features such as the Home Button and adding an edge-to-edge screen. The updated iPad Air has a 10.9-inch edge-to-edge screen similar to the iPad Pro. That’s up from 10.5-inches on last year’s models. Prices start at …
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