November, 2021

• 16 November

  Post-Covid travel isn’t equal for all

  

  The US reopened its borders, welcoming fully vaccinated foreign travelers after a long 604 days of closure. I was one of them, leaving the UK for the first time since February 2020 to fly to New York City. Thankfully, the whole process was a breeze, except for a punishingly breeze-free stint in the stuffy corridor that led me through border ...

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• 16 November

  Airbus gets mega-order for 255 jets led by Wizz, Frontier

  

  Bloomberg Airbus SE notched a mega-order for 255 narrow-body jets at the Dubai Airshow, bolstering the European planemaker’s case that aircraft demand has started to roar back from the lows of the coronavirus pandemic. The deal for Airbus’s larger A321 model is valued at more than $30 billion before typical industry discounts. It will be parceled out among Wizz Air ...

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• 16 November

  Facial recognition has troubling limitations

  London is one of the most watched cities in the world: Its inhabitants are caught on camera about 300 times a day on average and the British capital has become a testbed for police use of live facial recognition. But the technology, which powers a multibillion-dollar market for security firms and building management, has troubling limitations. To show it up ...

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• 16 November

  Inflation is now global, but the traps are local

  When it comes to inflation accelerating around the world, don’t count on a swift response from the two most important economies. The US and China are trapped by their own policy choices and domestic priorities. Neither has much appetite for an assault on price increases. Germany’s calls for a clampdown are too late. For anyone still wedded to the idea ...

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• 16 November

  FlyDubai in early talks about its next jet order

  

  Bloomberg FlyDubai, the low-cost sister company of giant long-haul airline Emirates, said it’s in early talks with both Boeing Co and Airbus SE about its next jetliner order after previously being a loyal customer of the US company. While FlyDubai is an all-Boeing operator, it scrapped 65 orders for the 737 Max model after deliveries were halted following two fatal ...

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• 16 November

  Online snack-shopping boom to last beyond pandemic: Mondelez

  

  Bloomberg Mondelez International Inc, which rode the pandemic snacking boom to boost online sales of cookies and candy, says the retail trend will continue to grow even after mobility restrictions are lifted as people have become accustomed to using their digital devices to shop for food. Consumers who were stuck at home became more savvy at using e-commerce channels to ...

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• 16 November

  H&M’s tech chief wants clothes to compete with wearables

  

  Bloomberg H&M’s chief technology officer is trying to make smart clothing mainstream, at a time when clothing manufacturers are struggling with complex supply chains and environmental pressure. Alan Boehme is examining how H&M’s clothes could monitor your heart rate or hydration levels, and how artificial intelligence could shrink H&M’s supply chain, potentially decreasing the company’s carbon footprint. H&M couldn’t keep ...

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• 16 November

  Coach says it’s in China’s middle-class sweet spot

  Bloomberg The owner of Coach says its strong sales in China aren’t under threat from President Xi Jinping’s push to narrow his country’s wealth gap because the brand’s customers are mainly middle class. “We do think we’re at an advantaged position with the policies,” said Joanne Crevoiserat, the CEO of Coach’s parent, Tapestry. “We see further strengthening of the middle class.” ...

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• 16 November

  India’s Future urges to quash Amazon deal

  Bloomberg Future Retail Ltd’s independent directors have urged India’s antitrust body to revoke its approval of a 2019 deal between one of its group companies and an Amazon.com Inc unit, saying the American retailer lied to the regulator. Amazon obtained the Competition Commission of India’s approval for its purchase of 49% of Future Coupons Pvt with an option to buy ...

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• 16 November

  US, China seek to stabilise ties with Biden-Xi summit

  

  Bloomberg US President Joe Biden and Chinese leader Xi Jinping have plenty to discuss during their first virtual summit — from sanctions to Taiwan — even as expectations for a breakthrough on major issues are low. A Biden administration official said the US expects the virtual summit in Washington to last several hours, a time frame that includes translation for ...

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