March, 2021

• 28 March

  Air France nears agreement for state rescue programe

  

  Bloomberg The French government is close to finalising a recapitalisation plan for Air France after addressing some antitrust concerns raised by the European Commission, according to people familiar with the matter. The multi-billion-euro package could be announced in coming days following final approval from Brussels and the board of parent Air France-KLM, said the people, who asked not to be …

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• 28 March

  India targets to sell flag carrier Air India by June

  

  Bloomberg Prime Minister Narendra Modi’s government is close to inviting financial bids for flag carrier Air India Ltd., moving toward the sale of an airline that’s surviving on taxpayer money, Civil Aviation Minister Hardeep Puri said. The financial offers are expected to come in within 64 days from the date of request, he said, addressing the Times Network India Economic …

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• 28 March

  Boeing delivers its first 787 in months as inspections continue

  

  Bloomberg Boeing Co. delivered its first 787 Dreamliner since October, handing over a jet to United Airlines Inc. while the planemaker continues to inspect others for small structural defects. United received a new 787-9 and will take another, a spokeswoman for the airline said. The first plane will be ferried from Charleston, South Carolina, to the carrier’s San Francisco hub …

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• 28 March

  ThredUp jumps after $168 million IPO

  

  Bloomberg ThredUp Inc., the online marketplace for secondhand clothing, climbed 43% in its trading debut after a $168 million initial public offering (IPO). ThredUp, whose shares sold for $14 in the IPO, opened at $18.25 and closed at $20, giving the company a market value of $1.8 billion. While US -based ThredUp is a favourite of sustainability-minded younger shoppers, its focus …

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• 28 March

  Grocers face $11bn in equal pay claims after Asda ruling

  

  Bloomberg The UK’s biggest retailers face a potential 8 billion-pound ($11 billion) legal fight after Asda Group Ltd. lost a top court ruling in an ongoing equal pay dispute. The UK Supreme Court ruled that the salaries earned by women who work in grocery stores could be compared to men who predominantly work in warehouses. The case will return to …

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• 27 March

  Intel spending billions to revive manufacturing

  

  Bloomberg Intel Corp. unveiled an ambitious bid to regain its manufacturing lead by spending billions of dollars on new factories and creating a foundry business that will make chips for other companies. The plan, launched by new Chief Executive Officer Pat Gelsinger, is an aggressive move that puts Intel into direct competition with Taiwan Semiconductor Manufacturing Co., the world’s most-advanced …

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• 27 March

  Mercedes to unveil flagship electric Sedan with Tesla-beating battery

  

  Bloomberg Mercedes-Benz is about to unveil a new flagship model it expects to boast market-leading battery range, following through on its pledge to compete in the luxury electric-vehicle segment with top technology. The April 15 debut of the EQS — the first Mercedes built on dedicated electric-car underpinnings — will mark a milestone for the German brand that’s been criticised …

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• 27 March

  Facebook to start reopening Silicon Valley offices in May

  

  Bloomberg Facebook Inc. will start to reopen its Silicon Valley offices beginning in May, a signal the technology industry may return — at least in part — to the office after more than a year of working from home during the global pandemic. Facebook will begin by opening Bay Area offices at just 10% capacity, and expects that its largest …

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• 27 March

  Google seeks to test drones for firefighting

  Bloomberg Google asked the US Federal Aviation Administration for permission to test drones to research how the technology can help monitor and control fires, before abandoning the effort. The Alphabet Inc. company’s climate and energy research group said it planned to use the drone at a private property in Firebaugh, California, according to a filing with FAA. Those plans have …

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• 27 March

  Apple mulls launching rugged watch for extreme sports

  

  Bloomberg Apple Inc. is considering launching an Apple Watch with a rugged casing aimed at athletes, hikers and others who use the device in more extreme environments, reports said. The Cupertino, California-based technology giant has internally discussed introducing such a Watch variation later in 2021 or 2022 at the earliest, said the people. This is at least the second time …

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