September, 2020

• 12 September

  JC Penney posts steep sales decline for Q2

  Bloomberg JC Penney Co sales plunged 45% in the second quarter as the department-store chain entered bankruptcy and struggled with an accelerated shift away from physical stores and the Covid-19 outbreak. Net sales fell to $1.39 billion in the period ended on August 1 from $2.51 billion a year earlier, the company reported in a regulatory filing. The retailer’s lenders …

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• 12 September

  UK’s shifting quarantines see travellers paying hefty fares

  

  Bloomberg The UK’s fluctuating quarantine restrictions are again leading to punishing airfares for vacationers forced to rush home on short notice. Travellers scrambling to return from Portugal before a rule requiring self-isolation kicks in on Saturday faced paying more than $640 for a one-way ticket, based on fares from both British Airways Plc and Jet2holidays Ltd. Airlines have been vocal …

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• 12 September

  Boeing’s grounded 737 Max moves towards return

  

  Bloomberg Boeing Co’s grounded 737 Max jetliner completed a round of test flights with European air-safety regulators, taking another step towards a return to the skies. The European Union Aviation Safety Agency (EASA) will now evaluate data from the trips, it said in a statement. The agency, based in Cologne, Germany, performed the flights from Vancouver, near Boeing’s Seattle-area operations, …

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• 12 September

  Philippines allows more jet passengers

  Bloomberg The Philippines has eased distancing rules in public transport, allowing trains and planes to have more passengers amid the region’s worst coronavirus outbreak, the Department of Transportation said. The agency and economic managers’ proposal to increase public transport ridership and accommodate more people going back to work was approved by the government’s coronavirus task force, Transport Secretary Arthur Tugade …

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• 12 September

  Once a handset superpower, Nokia still commands a potent weapon

  

  Bloomberg A good decade after Nokia Oyj’s mobile-phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage. Nokia retained a catalogue of thousands of wireless communications patents that is steadily growing thanks to a thriving research operation. Now an attempt to change …

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• 12 September

  Tesla to ship China-built cars to Asia and Europe

  

  Bloomberg Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market. China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, the people said, …

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• 12 September

  TikTok pushing forward with deal to meet looming deadline

  

  Bloomberg TikTok is pressing forward with plans for a sale of its US operations ahead of a mid-September deadline, according to a person familiar with the matter, even as signs emerge that the video-sharing app is facing pressure to shut down rather than make a deal. The app, owned by China’s ByteDance Ltd., is still considering bids from two possible …

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• 12 September

  Facebook has a new plan to fight climate misinformation

  

  Bloomberg In the geographic heart of the tech industry, it was hard to think of anything except the orange skies, dark and tinted by wildfire smoke. The image software on iPhones failed to capture the dystopian hue, or the feeling of being surrounded by it. Silicon Valley workers tweeted that it felt like night time, or a perpetual sunset, or …

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• 12 September

  Google drops plan to rent Dublin office

  Bloomberg Alphabet Inc’s Google unit walked away from a plan to rent space in Dublin for as many 2,000 workers, shelving one of the city’s biggest real-estate deals in recent years. Google had been in talks to rent about 202,000 square feet (18,766 square meters) of space at the Sorting Office, close to the Irish capital’s south quays, adding to …

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• 9 September

  UAE teams begin rescuing 75,000 people affected by Pakistan floods

  

  ISLAMABAD / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and with the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of …

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