October, 2021

• 31 October

  Is Meta’s mediocrity the message?

  

  Facebook Inc, you may have heard, has changed its name to Meta. Setting aside, briefly, the vital debate on Facebook Inc’s myriad evils, and focusing specifically on the name and brand, there are some elements of note. Given there is no “good” name for a “bad” company — and that nothing Mark Zuckerberg might do could ever win the internet ...

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• 31 October

  Singapore is rewriting rules for global cities

  Citigroup Inc, HSBC Holdings Plc, UBS Group AG: Global capital’s gleaming logos dominate the night skyline of Singapore’s central business district. They don’t have the vista from a balcony at the Marina Bay Sands hotel to themselves, however. Nestled among them, competing for eyeballs, is a tower bearing the logo of the National Trades Union Congress. Local lenders and property ...

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• 31 October

  Is abandoning N-power Europe’s big mistake?

  Until 2011, Paul Bossens was an entrepreneur quietly running a small IT business in Leuven, not far from the Belgian capital of Brussels. Aside from an interest in the environment — he’s an enthusiast for electric cars who delights in his shiny gull-wing Tesla Model X — Bossens, 68, wouldn’t have called himself politically committed. “I was never really one ...

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• 31 October

  Air France-KLM sees annual profit on transatlantic revival

  

  Bloomberg Air France-KLM expects a return to profitability for the full year and is adding transatlantic seats as an easing of travel rules revives prospects for the struggling carrier. The shares jumped after the airline group reported positive free cash flow in the third quarter and said it’s offering 70% to 75% of 2019 network capacity during the final three ...

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• 31 October

  Skechers mulls strategic options for its Asia arm

  

  Bloomberg Skechers USA Inc is considering strategic options for its Asia business, people with knowledge of the matter said. The Manhattan Beach, California-based shoemaker has held preliminary talks with advisers to evaluate possibilities including a Hong Kong initial public offering of the business, said the people, who asked not to be identified as the information is private. An IPO could ...

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• 31 October

  AirAsia X risks delisting after financially-distressed status

  

  Bloomberg Long haul budget airline AirAsia X Bhd was officially categorised as a financially distressed company, giving the company a year to restructure its finances or risk losing its Malaysian listing. AirAsia X’s external auditor Ernst & Young issued a disclaimer of opinion on the airline’s audited financial statements for the 18-month period ended June 2021, the company said in ...

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• 31 October

  DHL sees added air cargo capacity easing supply chain snarls

  

  Bloomberg German delivery firm DHL expects global supply-chain bottlenecks to ease next year as the return of air travel adds cargo capacity and higher vaccination rates keep a lid on Covid-19 infections. A loosening of US borders slated for November 8 will be key, as the added flights provide more space for freight in the holds of passenger jetliners, DHL ...

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• 31 October

  Ryanair to cut carbon emissions with electric ground handling

  Bloomberg Ryanair Holdings Plc will introduce electric ground-handling equipment at 11 European airports including Madrid, Amsterdam and Oslo as the Irish airline looks to reduce its emissions. Europe’s biggest discount carrier will introduce electric-powered baggage vehicles and plane push-back tractors with partners Azul Handling and Menzies Aviation, Ryanair said in a statement. Azul will allow it to offer zero emission ...

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• 31 October

  Taiwan’s only prospect is unification, says Yi

  

  Bloomberg Taiwan has no future prospect other than unification with China, Chinese Foreign Minister Wang Yi said in Rome at the G-20 summit. Wang was responding to questions on efforts by countries including the United States to support Taiwan’s greater participation in the United Nations and in the international community, according to a statement posted on China’s foreign ministry website. ...

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• 31 October

  Air Canada orders staff back to office

  Bloomberg Air Canada said employees working remotely must gradually return to the office starting from November 15 and be fully vaccinated, as Covid-19 cases ebb across Canada. The country’s biggest airline described its plan as “a balanced approach” that allows employees to keep working some “set days” remotely. In a statement, Chief Executive Officer Michael Rousseau cited Canada’s high vaccination ...

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