July, 2021

• 17 July

  Sony embraces robotics to cut costs

  Bloomberg Sony Corp predicts that robots will take over its manufacturing of televisions, smartphones and cameras as the company shifts attention to services, the Financial Times reported. Unmanned production lines are expected to cut costs by 70% at Sony’s mainstay TV factory in Malaysia by the fiscal year 2023, compared with 2018, the FT cited Kimio Maki, head of Sony’s ...

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• 17 July

  Nestle eyes lab-grown meat market to tap future growth

  

  Bloomberg Nestle SA is planning to enter the cultured-meat market in a move that could see the world’s largest food company help deliver the nascent technology faster to the mass market. The Swiss giant has been working on alternative meat products that would blend cultivated meat with plant-based ingredients. The meat is being developed with Israeli cell-based startup Future Meat ...

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• 15 July

  ERC provides relief to refugees affected by fire in Iraqi Kurdistan

  

  ERBIL / WAM The Emirates Red Crescent (ERC) provided relief aid to people affected by the fire that erupted in the Sharia Refugee Camp in Dohuk, Kurdistan Region, Iraq. A delegation from the ERC supervised the distribution of food, medical supplies, clothes, cooking equipment and other necessities to thousands of Iraqi refugees at the camp. The delegation, which is visiting ...

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• 15 July

  Air France-KLM in talks with Boeing, Airbus for 160 jets

  

  Bloomberg Air France-KLM has begun negotiations with Boeing Co and Airbus SE on what could be the group’s biggest-ever aircraft order as it seeks to expand low-cost operations and renew part of its main Dutch fleet. The 160 single-aisle planes would be destined for the Transavia discount division and European operations at KLM, a spokesman said. The brands currently operate ...

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• 15 July

  Adani’s firm takes control of Mumbai airport from GVK

  

  Bloomberg Adani Enterprises Ltd has taken control of Mumbai’s international airport from GVK Group, in a bold bet by billionaire Gautam Adani that travel will stage a rapid recovery after being crushed by the pandemic. The deal for Mumbai International Airport Ltd, India’s second busiest, makes Adani Airport Holdings Ltd the nation’s largest airport infrastructure company, accounting for 25% of ...

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• 15 July

  Porter Airlines elbows onto Air Canada turf with jet deal

  

  Bloomberg Porter Airlines Inc plans to order as many as 80 Embraer SA commercial E195-E2 jets as it expands services to Toronto’s Pearson International Airport. The decision moves the regional carrier squarely onto larger rival Air Canada’s home turf as the airline industry prepares for a surge in travel demand as pandemic restrictions begin to ease. The introduction of jets ...

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• 15 July

  Hong Kong’s apparel giant sues US

  

  Bloomberg Hong Kong apparel giant Esquel Group said it is suing the US government for what it called the “erroneous” blacklisting of a subsidiary, saying it had been “falsely implicated” in the use of forced labor in China’s Xinjiang region. The unit, Changji Esquel Textile Co, was added to the US Commerce Department’s Entity List during former President Donald Trump’s ...

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• 15 July

  GE sets 2050 goal of zero emissions from jet engines, gas power

  

  Bloomberg General Electric Co vowed to curb the greenhouse gases produced by the use of its products—including thousands of fossil-fueled turbines and jet engines in operation around the world—in a bid to achieve net-zero emissions by 2050. The new goal, announced in GE’s annual sustainability report, signals that the industrial giant plans to go beyond an earlier pledge to make ...

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• 15 July

  Ryanair to hire 2,000 pilots as Boeing Max fleet grows

  Bloomberg Ryanair Holdings Plc is starting one of the biggest recruitment drives among European airlines, adding 2,000 pilots over the next three years as it plans to grab market share from rivals weakened by the pandemic. Europe’s biggest discount carrier needs pilots to fly its new Boeing Co 737 Max jets, which it began taking last month, Ryanair said. The ...

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• 15 July

  Germany’s banks start ditching offices as remote work soars

  

  Bloomberg Banks in Germany are rapidly cutting back on office space as a rising number of staff work from home, putting them at the vanguard of a global shift that could permanently change the way bankers work. Deutsche Bank AG is vacating several floors in a building housing about 1,000 employees, HSBC Germany is ditching six separate offices in Dusseldorf ...

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