October, 2021

• 3 October

  Tata to take over Air India in historic deal years in making

  

  Bloomberg Tata Sons Pvt is set to take over ailing Air India Ltd again, more than half a century after the country’s biggest conglomerate ceded control to the state, ending the government’s hold over an airline that for decades defined the lofty ambitions of a newly-independent nation. A panel of ministers accepted a proposal from bureaucrats, who recommended the conglomerate’s ...

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• 3 October

  United: 593 US staff face firing for rejecting shot

  

  Bloomberg United Airlines Holdings Inc said as many as 593 employees face termination after declining to get the coronavirus vaccine following the carrier’s deadline last week. About 2,000 United workers have requested an exemption on medical or religious grounds, the company said, the day after the vaccine mandate deadline took effect for about 67,000 US-based employees. The airline plans to ...

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• 3 October

  Boeing sees travel back at 2019 levels in two or three years

  

  Bloomberg Boeing Co forecasts that commercial aviation should be back to 2019 levels in two to three years, buoyed by a strong domestic recovery in China and parts of Europe, the US planemaker’s China head said. Various countries’ vaccination rates and differing quarantine requirements will pose some hurdles but “we’re anticipating in the next two to three years that the ...

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• 3 October

  Upscale airline startup barges into Southwest’s Texas turf

  

  Bloomberg A tiny startup is expanding its semiprivate flight services in Texas, an incursion on the home turf of industry behemoth Southwest Airlines Co that targets business travelers in three of the state’s largest cities. JSX will begin service to Austin, Texas, from Dallas Love Field while doubling its Houston service to four daily flights. The carrier boards at the ...

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• 3 October

  Dollar Tree tiptoes away from $1 limit in test of higher prices

  Bloomberg Dollar Tree Inc is moving above the price point that gave the discounter its name. The retailer’s legacy stores will soon begin testing sales of products that cost more than $1, according to a company statement. Dollar Tree will also add more goods that go for more than a buck at its Combo and Dollar Tree Plus stores, which ...

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• 3 October

  HomeGoods finally launches a website

  Bloomberg HomeGoods Inc has finally gone online as the ubiquitous retailer looks beyond brick-and-mortar at a time of soaring e-commerce demand. The discount home-decor chain began offering items including bedding, kitchen goods and seasonal products on its website. HomeGoods said it sees the e-commerce store as a complement to its network of more than 820 physical locations. The late launch ...

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• 3 October

  Japan’s banks desperate hunt for yield draws more scrutiny

  

  Bloomberg Japan’s financial regulator (FSA) is keeping a closer watch on the nation’s banks and insurers as their drawn out hunt for yield pushes them into riskier non-traditional assets. After years of ultra-low interest rates and record levels of deposits, it’s “inevitable” that firms are taking bigger risks, according to Toshinori Yashiki, who’s in charge of assessing risk at banks ...

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• 3 October

  BofA outage shuts out thousands online

  

  Bloomberg Bank of America Corp.’s (BofA) online-banking platform went down for several hours, leaving thousands of customers locked out of their accounts before service was restored. The outage started in the morning and began to be resolved midday. Bank of America’s website and app were both at full capacity in New York, according to a company spokesman. “Today, some of ...

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• 3 October

  Amazon launches $1000 voice-controlled robot

  

  Bloomberg Amazon.com Inc unveiled a home robot called Astro, a screen on wheels that works with the company’s Alexa voice software. The $1,000 bot, which Bloomberg first reported was in development in 2018, was shown at an Amazon event checking on pets while a user was away and following a child through the home during a video call. The device’s ...

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• 3 October

  YouTube to remove videos with Covid-19 vaccine misinformation

  

  Bloomberg YouTube will begin removing content questioning any approved medical vaccine, not just those for Covid-19, a departure from the video site’s historically hands-off approach. The division of Alphabet Inc’s Google announced that it will extend its policy against misinformation to cover all vaccines that health authorities consider effective. The ban will include any media that claims vaccines are dangerous ...

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