Did you hear? Facebook Inc is going to become a metaverse company. At least that’s the story its management wants everyone to believe after a flurry of interviews and announcements over the past couple of weeks. It’s a narrative that seeks to put the social-media giant at the leading edge of one of the most audacious concepts in tech. I’m ...

It’s hard to find logic in the actions of a leadership that attacks doctors and nurses at the height of a pandemic. And yet that’s happening in Myanmar. In response to civil disobedience by medical staff after a military coup in February, soldiers have hijacked ambulances, arrested personnel and confiscated equipment. In a collapsing state, it’s helping to accelerate a ...

The Federal Reserve and Chair Jerome Powell have come under fire the last couple of months for seemingly ignoring the spike in inflation. The latest salvo came, when Senator Joe Manchin, the West Virginia Democrat, urged Powell to start pulling back on the Fed’s $120 billion in monthly bond purchases aimed at providing stimulus. Failing to do so “will lead ...

A certain school of thought holds long-term targets as meaningless, as the people making them will no longer be in their job by the time they are proved right or wrong. That’s especially the case for a two-term limited US president. But when it comes to Joe Biden and electric vehicles, it hardly matters whether his new target for 2030 ...

Bloomberg Airbus SE has encountered issues with the production of its flagship narrow-body model, just as it begins ramping up jetliner build rates following coronavirus lockdowns. Customer Air Lease Corp said on an analyst call that some A321neo handovers due this year have been pushed back as Airbus struggles with pandemic and supply-chain issues. The lessor added in a filing ...

Bloomberg Adidas AG fell the most in four months as investors looked past a modest increase in profit guidance and focused instead on weaker demand in China and factory shutdowns in Vietnam. While revenue in Europe and North America almost doubled in the second quarter, boosted by the phasing out of pandemic restrictions and a return of major sporting events, ...

Bloomberg Amazon.com Inc — summoning its inner Oprah — will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against Covid-19. Unwilling so far to mandate vaccinations for its 1.3-million-strong workforce, the world’s largest online retailer is hoping a corporate lottery — called Max ...

Bloomberg Cebu Air Inc, the largest Philippine budget carrier, said it refunded 7.7 billion pesos ($153 million) to customers, completing requests for reimbursements that were filed until June due to the pandemic. The airline processed 991,764 requests and continues to work with customers whose applications are still pending, Cebu Air said in a statement. Cebu Air in May raised $250 ...

Bloomberg A Boeing Co 737 Max 7 has arrived at the Shangai airport for flight tests by Chinese authorities, the Paper reported. Chinese aviation officials last month signalled they are open to conducting flight tests on the plane in a step toward lifting its grounding after more than two years. China was the first nation to ground the Max, acting ...

Bloomberg United Airlines Holdings Inc said workers must get vaccinated against the coronavirus, becoming the first major US carrier to impose the mandate. Employees must receive the vaccine and upload their injection record to a company database no later than October 25, although that date could change, United said in a memo. In mid-June, the Chicago-based airline began requiring new ...