September, 2020

• 19 September

  Kenya Air seeks $500m to ride out virus

  

  Bloomberg Kenya Airways Plc needs at least $500 million to ride out the coronavirus crisis after first-half revenue plunged almost 50%, Chief Executive Officer Allan Kilavuka said in an interview. The carrier, which is 49% state owned, must also be fully nationalised alongside Kenya Airports Authority, which runs the Nairobi hub, under a holding structure similar to that of regional …

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• 19 September

  Qantas CEO pay sinks 83% over Covid-19

  Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce’s compensation fell 83% to A$1.7 million ($1.2 million) in the year ended June as the airline slashed salaries and bonuses to save money during the coronavirus crisis. Joyce went without pay from early March until August, when he started taking 65% of his base salary, Qantas said. He got no bonus …

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• 19 September

  Lululemon defies brick-and-mortar woes in plan to add stores

  Bloomberg The pandemic may have wiped out demand for apparel and driven many remaining customers online, but that isn’t stopping Lululemon Athletica Inc from eyeing new brick-and-mortar stores across the US. Unlike some overstretched competitors, the upscale purveyor of yoga pants is still at an early stage of growth, according to CEO Calvin McDonald. In a recent video interview, he …

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• 19 September

  Google targets carbon-free power for data centers by 2030

  

  Bloomberg By the start of the next decade Google wants to make sure all the electricity it uses for its data centers and offices will be truly 100% carbon free. Under its previous pledge the tech giant has been offsetting its consumption with direct renewable electricity purchases and the associated certificates. On paper, that allowed it to claim it used …

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• 19 September

  IPhone users rush to install WeChat in US

  

  Bloomberg IPhone users in the US are rushing to install messaging app WeChat days before President Donald Trump is set to ban downloads in the country. WeChat downloads surged to make it the 100th most-downloaded app in the US, according to mobile analytics firm SensorTower. It has typically ranked between 1,000th and 1,500th this year. This is the first time …

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• 19 September

  Singapore to pay its citizens for keeping healthy with Apple watch

  

  Bloomberg Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behaviour through the Apple Watch gadget and an iPhone app. As part of the scheme, Singapore residents will be able to earn as much as S$380 ($280) in rewards and vouchers by completing goals and …

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• 19 September

  Amazon’s Zoox gets nod for Robotaxi tests in California

  Bloomberg Amazon.com Inc.’s self-driving-car unit, Zoox Inc., is getting a green light from California to test autonomous vehicles on public roads without a safety driver, becoming the fourth company to receive the state’s blessing for truly driverless testing. The permit allows Zoox to operate two vehicles without a driver behind the wheel, a step up from approval it received four …

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• 19 September

  Apple updates iPad Air with all-screen look, lifts price to $599

  

  Bloomberg Apple Inc. announced a revamp to the iPad Air that makes the tablet look like the pricer iPad Pro line by removing long-time features such as the Home Button and adding an edge-to-edge screen. The updated iPad Air has a 10.9-inch edge-to-edge screen similar to the iPad Pro. That’s up from 10.5-inches on last year’s models. Prices start at …

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• 17 September

  Oil gains after surprise drop in US crude stocks

  

  Bloomberg Oil extended gains to trade near $39 a barrel in New York, buoyed by an industry report of a surprise drop in US crude stockpiles and advances in other financial markets. The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with the numbers. That contrasts with an increase forecast in …

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• 17 September

  Europe pitches economic overhaul in climate plan

  

  Bloomberg The European Union’s (EU) executive proposed toughening the bloc’s targets for fighting climate change in a move to cut industrial pollution and spur a green economic recovery. The 27-nation EU should tighten its emissions-cutting goal to at least 55% by 2030, European Commission President Ursula von der Leyen said on Wednesday. The current objective, agreed just six years ago, …

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