Bloomberg The toll on Russia’s economy leveled by high real interest rates is worth paying because of the boost to central bank credibility, according to Fitch Ratings. “It’s a short-term cost, but once you have central bank credibility, that’s clearly a long-term benefit for the economy,” Paul Gamble, a senior director at Fitch, said in an interview in Moscow …

  Bloomberg Some of the world’s biggest airlines, looking for a bigger foothold in Latin America, may have found a path through Colombia. Avianca Holdings SA, based in Bogota, has been hunting for an international partner to help shore up its balance sheet and support growth. The publicly traded carrier is controlled by brothers German and Jose Efromovich, who also …

  Bloomberg Singapore Airlines Ltd. said it won’t extend the lease on its first A380 superjumbo jet, a move that is set to test second-hand demand for the world’s biggest commercial aircraft. The carrier, the first operator of the Airbus Group SE plane, will see the contract expire in October 2017 and doesn’t plan to exercise an option to extend …

  AP An engine fan blade that showed signs of metal fatigue broke off, causing the emergency landing of a Southwest Airlines jet last month, investigators say. The plane landed safely in Florida after shrapnel from the broken engine hit the fuselage, leaving a 5-inch by 16-inch hole in the outer layer of aluminum above the left wing and causing …

  AP Uber riders in Pittsburgh can get a glimpse of the future by summoning a car capable of handling most of the tasks of driving on its own. Starting Wednesday morning, a fleet of self-driving Ford Fusions will pick up Uber riders who opted to participate in a test program. While the vehicles are loaded with features that allow …

  Bloomberg Don’t fear the robots. While new technologies are giving rise to a “jobs gap” – or a mismatch between the jobs people want and the ones that are available – they’re also affording new opportunities for workers, Goldman Sachs Group Inc. argues in a new report. The rise of automation, online tools, and big data echoes industrial revolutions …

  Bloomberg Apple Inc. faced an embarrassing technical glitch after some customers reported difficulties updating their iPhone operating system to the latest software, which became available Tuesday. After downloading the iOS 10 update, the smartphones or iPads shut down to install the software. Then, rather than the device automatically turning back on with iOS 10 installed, a screen appeared prompting …

  Bloomberg Forget about self-driving cars: In Germany, the Internet of Things starts with hot dogs. Certuss Dampfautomaten GmbH, a Krefeld-based maker of steam generators used for anything from cooking sausages to sterilizing medical instruments, used to fly repairmen out to far-flung locations to restart broken-down machinery. Now sensors in the machines send data on 60 items including temperature, steam …

  DPA Every year thousands of people lose arms and legs after being injured by bombs or land mines, but with an estimated 80 per cent of disabled people living in developing countries, few can afford prosthetic limbs. A German computer scientist has an idea that could change that — he wants to use 3D printing technology to produce cheap, …

  AFP For archaeologists Afghanistan, rich in ancient treasures and once a key stop on the legendary Silk Road, is an “open-air museum”, albeit one ravaged by war and plagued by looters. After 30 years of conflicts, Afghanistan’s cultural heritage is in dire straits, but one group of archaeologists is trying to put the country’s historical sites back on the …