May, 2021

• 30 May

  Apple plans redesigned AirPods for 2021

  Bloomberg Apple Inc is readying a revamp of its entry-level AirPods for this year and a second generation of the AirPods Pro for next year. The new base AirPods will mark the first update to the product since March 2019 and will add a new design that mostly mirrors that of the AirPods Pro. The earbuds will come with a …

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• 27 May

  Dubai records 4,832 real estate deals worth AED10.98b in April

  

  Dubai / WAM Dubai’s real estate market continues to achieve record numbers in the number and value of real estate sales transactions, thus enhancing the emirate’s global position as the preferred, and most attractive and flexible real estate investment destination. The 14th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department, in cooperation with Property Finder …

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• 27 May

  India may need to borrow $22b more to pay states

  

  Bloomberg India may need to borrow more for a second straight year to compensate its states for their revenue loss due to a shortfall in a nationwide consumption tax collection, according to people with knowledge of the matter. The additional borrowing requirement is estimated at $21.7 billion in the fiscal year started April 1, said the people, who asked not …

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• 26 May

  US downgrades Mexico air safety rating, limiting flights

  

  Bloomberg Mexico’s aviation-safety ranking has been downgraded by the US, prohibiting an expansion of flights from the nation’s carriers to its northern neighbor. The move by the Federal Aviation Administration is a symbolic blow to Mexico at a time when it has become by far the biggest international market with the US and may force an end to business agreements …

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• 26 May

  EU’s aviation body tells airlines to avoid Belarus

  

  Bloomberg The European Union’s air-safety regulator told airlines to avoid flying over Belarus, saying the diversion of a Ryanair Holdings Plc flight raised doubts about the Eastern European nation’s respect for international aviation rules. The safety bulletin issued by the European Union Aviation Safety Agency (EASA) unifies the region after several of its member states and the UK issued similar …

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• 26 May

  Marks & Spencer profit to recover as turnaround makes progress

  

  Bloomberg Marks & Spencer Group Plc shares jumped after the retailer said it expects to generate pretax profit of as much as 350 million pounds ($495 million) this fiscal year as it recovers from the pandemic and enters the next stage of its turnaround. The stock jumped as much as 7.4% in London, and is up about 22% since the …

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• 26 May

  Sonae follows Amazon’s lead with cashierless store in Lisbon

  Bloomberg Portuguese retailer Sonae SGPS SA was expected to open its first store without checkout staff in Lisbon on Wednesday, bringing an innovation pioneered by Amazon.com Inc to the European continent. Arrays of cameras and sensors track shoppers who are charged through an app as they pick groceries from the shelves at the Continente brand store. The technology was provided …

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• 26 May

  Airlines rally as US travel rebound quickens into summer

  

  Bloomberg US airlines rose as the country’s three biggest carriers said a travel rebound is gaining steam, with United Airlines Holdings Inc and Delta Air Lines Inc heading for the highest closing price in about six weeks. The pace of recovery has been faster than expected, Delta President Glen Hauenstein said. United predicted it would turn a profit before certain …

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• 26 May

  Air passengers warned to wear masks

  Bloomberg US government officials monitoring the airways say they won’t tolerate passengers who refuse to don masks as airline travel surges ahead of the summer season. A recent spike in unruly passenger reports, many of them involving people refusing to cover their faces, prompted Homeland Security Secretary Alejandro Mayorkas to issue a stern warning to travellers. “Let me be clear …

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• 26 May

  Goldman sets up wealth JV with China’s largest bank

  

  Bloomberg Goldman Sachs Group Inc received approval from Chinese regulators to set up a wealth management joint venture (JV) in the world’s second-largest economy to go after an asset pool it estimated will surpass $70 trillion by the end of this decade. Goldman Sachs Asset Management will hold 51% in the venture, while wealth arm of Industrial & Commercial Bank of …

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