November, 2021

• 22 November

  Can chronological feed fix Facebook?

  

  There’s been a lot of discussion, since the Facebook Files were leaked, about how to repair the social media platform. A lot of this talk centres on how algorithms manipulate the feeds, and how we users are profiled and fed exactly the content that arouses us to fits of hatred, conspiracy theorising, and even domestic terrorism. This is true and ...

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• 22 November

  Masks at Thanksgiving? Here are better ideas!

  Thanksgiving 2021 should be the reward for abstaining from 2020 celebrations until Covid-19 vaccines rolled out. Why not? The virus is still very much around, but times really have changed. Remember those 11th-hour pleas from the US Centers for Disease Control to cancel last year’s gatherings as a big fall surge was building? They were reasonable, then: Big holiday celebrations ...

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• 22 November

  Supply-chain crisis is already easing in US

  The supply-chain crunch appears to have already peaked in the US. Over the past two years, just about anything that could go wrong with global supply chains has gone wrong, from volatile swings in demand, a wave of extreme weather events and even a container ship getting stuck in the Suez Canal. But evidence keeps piling up to suggest that ...

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• 22 November

  Boeing buyers’ ire builds as 787 issues pass 13-month mark

  

  Bloomberg Frustration is mounting for customers waiting to take new Boeing Co 787 Dreamliners — planes caught in a regulatory and production quagmire that has halted all but a few deliveries since October 2020. The popular wide-body jets will be needed to carry travellers across oceans as borders sealed shut by the Covid-19 pandemic start to reopen. But airlines and ...

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• 22 November

  Virgin Atlantic in talks for $540m fundraising

  

  Bloomberg Virgin Atlantic Airways Ltd is in discussions with its shareholders about a 400 million-pound ($540 million) capital injection, according to a person familiar with the matter. Added funding would bolster Virgin Atlantic’s balance sheet as it looks to cash-in on pent-up demand for air travel as restrictions lift, said the person, who requested not being identified because the information ...

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• 22 November

  Airbus seals second A350F sale with CMA CGM’s four-plane deal

  

  Bloomberg Airbus SE secured the second order for its coming A350 freighter, reaching an outline agreement with French shipping firm CMA CGM Group covering four of the wide-body twinjets. The memorandum of understanding is expected to be finalised over coming weeks, according to a statement. It follows a separate deal for seven A350Fs reached with leasing giant Air Lease Corp ...

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• 21 November

  US airlines’ big debt may soon mean higher fares: Frontier CEO

  

  Bloomberg Large US airlines are carrying about $20 more debt per passenger than before the pandemic, according to the chief executive officer of Frontier Group Holdings Inc., who predicts the carriers will start addressing those obligations with higher fares. “How long can that last?” asked Barry Biffle, CEO of ultra-low-cost Frontier Airlines. “They either have to raise their leisure fares ...

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• 21 November

  Foot Locker shares slump on supply-chain concerns

  Bloomberg Foot Locker Inc fell the most intraday in nine months after reporting sales that missed Wall Street’s expectations as a supply-chain crunch pressures the sneaker retailer ahead of the holiday shopping season. Comparable-store sales, a key retail metric, rose 2.2% last quarter, the company said. Analysts had been expecting a gain of 2.9%, according to the average of estimates ...

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• 21 November

  Mystery $100m cash shows up at Wesco

  Bloomberg Wesco Aircraft Holdings Inc left bondholders scratching their heads when the struggling aerospace supplier added about $100 million of cash to its balance sheet, seemingly overnight and without much explanation. They’re trying to parse what happened after the company, which is backed by billionaire Tom Gores’ Platinum Equity, privately informed investors about a set of transactions that depleted and ...

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• 21 November

  Poland’s Morawiecki warns of security threat from Belarus

  

  Bloomberg Europe faces a “synchronised” series of crises around Belarus, from the political to energy and security, Polish Prime Minister Mateusz Morawiecki said as he again blamed Russia for being behind the migrant crisis on its border. Speaking during his tour of three Baltic states, Morawiecki voiced alarm over tensions flaring from Belarus to Ukraine, and warned of Moscow’s “appetite ...

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