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October 19, 2020 Stocks
Bloomberg Thailand’s key equities gauge tumbled to its lowest level in more than six months on concern mounting anti-government protests will further hurt company earnings and delay an economic recovery. The benchmark stock index slid 1.8% to 1,212.12 as of 11:18 am in Bangkok, its lowest level since April 16. The measure has erased almost 5% since October 14, when …
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October 19, 2020 Stocks
Bloomberg SoftBank Group Corp. shares climbed to a new 20-year high as investors rally behind founder Masayoshi Son‘s more cautious strategy of selling assets, paring debt and buying back shares. The Tokyo-based company’s stock gained more than 3% to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom. The stock had already hit …
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October 18, 2020 News
Bloomberg Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions. A series of virtual meetings will start on Monday hosted by the United Nations shipping agency over a new rating system that will measure the carbon …
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October 18, 2020 News
KHARTOUM / WAM Dr Khalid Abdel Wahhab Al Khajah, Executive Manager of the International and Humanitarian Charity Organisation (IHCO) in Ajman, laid the foundation stone for the building of a new community, named “Al Salam Villageâ€, in Sudan’s River Nile State. The village will see the construction of 200 houses for local people affected by floods that recently swept through …
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October 18, 2020 Energy, Uncategorized
Bloomberg General Electric Co aims to be carbon-neutral at its more than 1,000 factories and other facilities worldwide by 2030, leaving aside emissions from the fossil-fuel burning products that have defined much of the company’s recent history. Accomplishing its goal will mean eliminating the 2.39 million metric tons of carbon dioxide produced by the company’s operations in 2019 — roughly …
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October 18, 2020 Aviation
Bloomberg Boeing Co is weighing whether to jettison the Seattle-area headquarters of its commercial-airplane division as it cuts costs and stockpiles cash. A sale of the Longacres industrial park would also include an adjacent building once used to train airline pilots. Boeing converted the wooded suburban campus from a horse-racing track in the 1990s, and the property has 855,000 square-feet …
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October 18, 2020 Aviation
Bloomberg American Airlines Group Inc plans to make Boeing Co 737 Max passenger flights at the end of this year for the first time since the aircraft’s grounding in March 2019. The Max will serve the busy Miami-New York corridor once a day starting December 29 through January 4, American said. The airline will “take a phased approach†to returning …
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October 18, 2020 Aviation
Bloomberg British Airways was fined 20 million pounds ($26 million) by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400,000 customers, a cut to a much heftier fine initially planned by the regulator. The UK Information Commissioners’ Office (ICO) said its investigation into a 2018 cyber-attack at the company found …
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October 18, 2020 Aviation
Bloomberg AirAsia X Bhd is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline’s planes grounded since late March. The long-haul arm of AirAsia Group Bhd has also written down its 49% stake in Thai AirAsia X, the airline’s deputy chairman Lim Kian Onn said in an interview with the Star …
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October 18, 2020 Aviation
Bloomberg Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets. A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported, without saying how it obtained the information. Both Cyrus Capital and EY declined to comment …
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