October, 2022

• 7 October

  Use the market to combat climate change

  

  Florida’s response to Hurricane Ian illustrates how governments are making it harder to adjust to climate change by subsidizing the insurance market. One of the classic rejoinders to worries about climate change is the claim that people can move out of highly vulnerable areas into safer areas. Maybe the world will not be willing to accept hundreds of millions of ...

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• 7 October

  Moore’s law keeps chip leaders ahead of the pack

    “Cramming more components onto integrated circuits.” That was the blunt title of Gordon E. Moore’s essay on silicon chips published in Electronics magazine in April 1965. In the space of just three pages, the director of semiconductor R&D at Fairchild Camera and Instrument Corp. outlined one of the most powerful observations in modern business and science. He wouldn’t have ...

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• 7 October

  Why should Twitter trust Musk this time?

    Trying to guess what Elon Musk will do from day to day is like trying to hold a moonbeam in your hand. But the state of play, as of Tuesday, October 4, 2022, is that Elon Musk now wants to buy Twitter for the $54.20 he initially offered for the social-media company back in April, according to Bloomberg News. ...

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• 6 October

  Boeing’s China orders dry up on US tensions in boost for Airbus

  

    Bloomberg China has traditionally split aircraft orders evenly between Airbus SE and Boeing Co. Recently though, there’s been a shift against the American half of the world’s planemaking duopoly. Boeing missed out on a 40-plane deal in September, following an even bigger hit in July, when China ordered nearly 300 Airbus aircraft worth about $37 billion at sticker prices. ...

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• 6 October

  Virgin Atlantic pulls out of Hong Kong, closes offices

  

    Bloomberg Virgin Atlantic Airways Ltd. is pulling out of Hong Kong for good, cancelling flights and closing its offices in the Asian financial hub, ending a 30-year history in the city. The UK airline said in a statement that several factors contributed to its decision, including, on the basis of Russian airspace remaining closed, that Heathrow-Hong Kong-Heathrow flight times ...

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• 6 October

  Airbus to auction off pieces from its A380 superjumbo

  

    Bloomberg Plane aficionados now have a chance to own a piece of one of the world’s most iconic aircraft — Airbus SE’s A380, the largest and most spacious passenger jet. Airbus is holding a three-day auction of some 500 pieces of the superjumbo, starting October 13. Items on sale include lamps, a bar, trolleys, seats, emergency exit signs, baby ...

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• 6 October

  American Air says Covid led it to seek JetBlue alliance

  

    Bloomberg American Airlines credited Covid as a key reason it pursued a controversial business partnership with JetBlue Airways Corp., saying it needed the alliance to stay competitive in the heavily trafficked US Northeast. “Our business was hemorrhaging cash” in the spring of 2020, American’s CEO Robert Isom testified in a federal court in Boston, adding that the airline was ...

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• 6 October

  FAA mandates more rest time for flight attendants

    Bloomberg US aviation regulators are set to approve a long-delayed rule change giving flight attendants an extra hour of rest between shifts. The decision is expected to be the focus of a press briefing in Washington with Federal Aviation Administration (FAA) acting Administrator Billy Nolen. Flight attendants currently must be given at least nine hours of rest between shifts. ...

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• 6 October

  JBS closes US plant-based meat unit

    Bloomberg JBS SA, the world’s largest meat supplier, will discontinue operations at its US plant-based unit Planterra and focus on growing markets for alternative proteins in Brazil and Europe. The shutdown comes amid softening consumer demand for plant-based proteins. Maple Leaf Foods Inc. recently decided to reduce the size of its plant-based segment after a review found demand will ...

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• 6 October

  Thailand daycare mass shooting leaves 38 dead, mostly children

  

    Bloomberg A mass shooting that began with a daycare center in northeastern Thailand left 38 people dead, the majority of them children, according to officials. A 34-year-old former cop used an automatic weapon to fire at the center located in Nong Bua Lamphu province near Thailand’s border with Laos on Thursday afternoon, killing 24 children, Jackrapat Wijitwaitaya, a local ...

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