For the first time since 2011, Apple Inc didn’t release a version of its flagship iPhone in September. That delay has had a massive ripple effect through its network of vendors, which makes parsing supply-chain data even more challenging than usual. Since at least March, we knew that the next installment of the iconic device would be pushed back due ...

After eight months of chaos and more than 1 million deaths worldwide, we might soon have a vaccine for the novel coronavirus. With as many as 150 vaccines in development — nearly 40 in late-stage clinical trials — it could come by the end of this year, although most experts see 2021 as more likely. Getting a vaccine is one ...

Something big is missing from Singapore’s picturesque and impeccably maintained highway linking downtown with Changi Airport: traffic. The collapse in international travel has hit the city-state especially hard. Borders are shut to tourists and much of Singapore Airlines Ltd’s proud fleet is mothballed. The idea of “flights to nowhere” had even been floated — effectively three-hour sight-seeing trips that would ...

Russia has done better than expected in the face of a pandemic and unprecedented oil crisis. That relative stability masks weaknesses that will impede its ability to recover fast, even if it can limit the cost of a second wave. Coronavirus cases are surging again: Russia reported nearly 11,000 new infections on October 05, the most since mid-May. Only around ...

Bloomberg Southwest Airlines Co will seek to cut employee compensation in a last-ditch effort to avoid the first involuntary layoffs in the company’s 49-year history. The company wants to have givebacks in place by January 1, CEO Gary Kelly told employees in a video message, warning that “we all need to sacrifice more.” Kelly won’t receive a salary through the ...

Bloomberg Amazon.com Inc is extending its Diwali sales event to an entire month this year, hoping to outdo rival Walmart Inc‘s Flipkart in the race to unlock latent demand as India’s shoppers emerge from drawn-out pandemic lockdowns. Both Amazon and Flipkart are pulling out all the stops for the country’s most important shopping season, which starts in mid-October. But unlike ...

Bloomberg South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers. The assessment, seen by Bloomberg, was prepared by African Aviation Services and dated October 4. It was presented to a group of African National Congress lawmakers, according to an ANC official ...

Bloomberg Ryanair Holdings Plc is reported to be in talks to purchase between 150 and 200 Boeing Co 737 Max aircraft, in a deal that would boost confidence in the grounded jet as it prepares for a return to service. Ryanair is discussing a mix of Max 200s, the version it has already ordered, and the bigger Max 10, the ...

Bloomberg AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said. AirAsia India Ltd’s future may now depend on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to ...

Bloomberg President Donald Trump and his allies looked to capitalise on his discharge from the hospital, painting his return to the White House as a triumphant metaphor for his strength and vigor a month before Election Day. The president highlighted a supporter saying his return to the campaign trail would make him an “invincible hero.” A campaign spokesman chided Joe ...