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September 19, 2020 Opinion
Whether your company is pushing employees to return to the office, a la JPMorgan, or letting them stay home, a la Google, Deutsche Bank and pretty much everyone else, the question remains: What the heck to do with the kids? The US remains a confusing patchwork of partially open, partially closed schools. Children learning via screen need supervision to help ...
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September 19, 2020 Opinion
Having failed to complete a huge wall along the US southern border, President Donald Trump’s administration now seems desperate to build one in cyberspace for similar spurious reasons. Whereas the bogeyman four years ago was a supposed influx of drugs and criminals from Mexico, the US announced that Tencent Holdings Ltd’s instant-messaging app WeChat will essentially be shut down in ...
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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 Politics, Uncategorized
Bloomberg Senate Republicans face a critical choice on replacing the late Supreme Court Justice Ruth Bader Ginsburg — vote on her successor before Election Day, or wait until immediately afterward — when Trump will still be president no matter the November 3 outcome until next January. The choice comes down to a calculation of the politics. Senate Majority Leader Mitch ...
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September 19, 2020 Politics
Bloomberg Myanmar will hold the November 8 general election as planned by ensuring social distancing measures at polling stations across the country even as Covid-19 cases surge, an election commission official said. “We don’t have any plan to postpone the general election for Covid-19 reason,†Myint Naing, a member of the Union Election Commission, told reporters in an online briefing ...
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September 19, 2020 Politics
Bloomberg Slow-moving Tropical Storm Beta is likely to reach hurricane strength as it meanders across the western Gulf of Mexico and Texas coast, bringing heavy rain as far as Louisiana, as well as raking off-shore energy fields with high winds next week. Winds from Beta could hit 80 miles (129 km) per hour by Monday, making it a Category 1 ...
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