October, 2022

• 2 October

  Boeing’s 737 Max 7 at risk of missing key deadline, warns US

  

    Bloomberg US aviation regulators warned Boeing Co. that its 737 Max 7 model is at risk of missing a key deadline later this year, potentially forcing the planemaker to carry out an expensive and complex redesign of the aircraft. The Federal Aviation Administration’s chief of aircraft certification told Boeing that the agency had approved less than 10% of the ...

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• 2 October

  HK plans 500,000 plane-ticket giveaway to attract tourists

  

    Bloomberg Hong Kong will give away 500,000 plane tickets to lure visitors back to the financial hub when the government removes all remaining restrictions on inbound arrivals, local media outlet Sing Tao reported in a column, citing people it didn’t identify. Chief Executive John Lee may announce the plan to return to normalcy in his October policy address, unless ...

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• 2 October

  Tata group’s Air India weighs raising $1bn for expansion

  

    Bloomberg Air India Ltd. is considering raising at least $1 billion in a funding round that could value the carrier at around $5 billion, according to people familiar with the matter. The carrier, controlled by India’s oldest conglomerate Tata Group, is in discussions with potential investors including private equity funds and sovereign wealth funds, said the people. Air India ...

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• 2 October

  Inflation in UK shops hits record high as pound falls

    Bloomberg Prices in British shops hit a fresh record high, heaping more pain on consumers grappling with soaring energy and housing bills. The British Retail Consortium said shop price inflation accelerated to 5.7% in September, topping the previous 5.1% record increase in August. This is highest level of inflation since the index began in 2005 as retailers pass on ...

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• 2 October

  H&M mulls charging for online returns

    Bloomberg Swedish fashion retailer H&M is considering charging for online returns amid a series of efficiency measures to reduce surging costs. The company is trying out the fees in Norway and the UK in coming days, embracing a measure that rivals have turned to as well, Chief Executive Officer Helena Helmersson said. “We are testing it as a possible ...

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• 2 October

  Software robots are making inroads in white-collar office world

  

    Bloomberg First they came for factory jobs. Then they showed up in service industries. Now, machines are making inroads into the kind of white-collar office work once thought to be the exclusive preserve of humans. The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and ...

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• 2 October

  Hyundai mulls speeding up construction of US EV plant

  

    Bloomberg Hyundai Motor Group is contemplating building its first electric-vehicle plant several months earlier than scheduled amid disputes over a new US clean energy law, according to people familiar with the matter. The Seoul-based automaker is looking at whether it is feasible to complete construction of a US plant in Savannah, Georgia around October 2024, the people said, asking ...

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• 2 October

  Apple’s tech supply chain shows difficulty of dumping China

  

    Bloomberg American companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s tariffs. Beijing’s stringent Covid lockdowns. The US-Sino standoff over Taiwan. Political pressure to “friend-shore” supply chains towards nations aligned with Washington. But breaking up, as the adage goes, is hard to do. That conclusion is evident ...

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• 2 October

  RoboSense seeks $150m in new round

    Bloomberg RoboSense, a Chinese developer of sensor technologies used in self-driving cars, is raising about $150 million in a new funding round to bankroll its product expansion, according to people familiar with the matter. The latest round has drawn investors including China Structural Reform Fund and Mirae Asset Securities Co., said the people, who asked not to be identified ...

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• 1 October

  Nord Stream gas leaks may be a new disaster for climate

  

  Bloomberg The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible of three major gas leaks emanating from the pipelines connecting Russia to Germany. Scientists are scrambling to work out just how much methane, one of the most powerful greenhouse ...

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