October, 2021

• 25 October

  Intel faces trouble from Apple, AMD

  

  Intel Corp’s future is looking a bit grim. The chipmaker posted worse-than-expected sales results with adjusted revenue of $18.1 billion in the quarter ended in September, up 5% compared with the prior year, and below the $18.24 billion median estimate of analysts surveyed by Bloomberg. While earnings for the quarter came in above estimates, that was overshadowed by a disappointing ...

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• 25 October

  AT&T’s HBO divorce isn’t its last hurdle

  AT&T Inc’s turnaround — an exacting mission that has involved selling nearly everything acquired under its former chief executive officer — is finally showing signs of working. But this long-awaited progress on the business front comes as the Dallas-based wireless giant’s public image takes a bruising. It has come to be seen by some as the corporate villain behind both ...

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• 25 October

  Russia’s 30-year vision and the Nord Stream 2!

  The Nord Stream 2 gas pipeline linking Russia to Germany beneath the Baltic Sea is vilified in the US and parts of Europe as a Russian plot to ensnare European gas buyers. It’s not. It’s the final link in a 30-year project to divert Russian oil and gas exports away from transit routes across former Soviet neighbours. From a Russian ...

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• 25 October

  Latam Air’s creditors seek mediation on bankruptcy

  

  Bloomberg Two key groups of Latam Airlines Group SA creditors, frustrated by a bankruptcy process that has dragged on for almost 18 months, are asking for a mediator to help devise an exit plan for the Chilean carrier. The airline’s unsecured creditors and a consortium holding billions of dollars in claims complained about the lack of progress and asked the ...

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• 25 October

  Ryanair sued for holiday ‘campaign’ against rivals

  

  Bloomberg Ryanair Holdings Plc was sued by a package holiday service over accusations that the airline is exploiting its market dominance in an “aggressive” pursuit against online travel agents. On the Beach Group Plc accused the budget airline of monopolising the market for booking services and not giving customers a “free and fair choice,” according to a London court filing. ...

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• 25 October

  Qantas ramps up with flights to India, Singapore, Phuket

  

  Bloomberg Qantas Airways Ltd is gearing up for a Christmas rush, bringing back all its Australian workers and adding flights as the nation’s borders reopen after more than 18 months of near-isolation. The airline will start its first commercial flights between Australia and India in almost a decade before Christmas, and flights to Singapore, Bangkok, Fiji, Phuket and Johannesburg will ...

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• 25 October

  Southwest cuts flight schedule again to smooth operations

  

  Bloomberg Southwest Airlines Co trimmed its flight schedule for the second time since August, cutting back on fourth-quarter flying as it struggles to hire enough workers and recover from customer anger over widespread delays. Fourth-quarter capacity will decline 8% from pre-pandemic levels in 2019, compared with a prior plan for a 5% drop, the Dallas-based carrier said as it released ...

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• 25 October

  Walmart plans Nov return to office for corporate staff

  Bloomberg Walmart Inc is about to start calling its corporate staff back to the office after more than a year and a half of remote work during the coronavirus pandemic. “We will transition to working together in our campus offices on a more regular basis starting the week of November 8,” Chief People Officer Donna Morris said in a statement. ...

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• 25 October

  SkyWest cancels 1,200 flights on glitch

  Bloomberg SkyWest Inc, the largest US regional airline, suffered “an internal technical issue” that forced 1,200 flight cancellations as jets and crews that were in the wrong places caused operational woes for a second day. A “server outage” caused the problems but was resolved, SkyWest spokesperson Marissa Snow said in an emailed statement. The airline expected around 500 cancelled flights, ...

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• 25 October

  Kishida suffers by-election setback before Japan’s vote

  

  Bloomberg New Japanese Prime Minister Fumio Kishida’s ruling party was dealt a blow when it lost one of two upper house special elections, which are serving as a barometer of support ahead of a national general election in a week. In a setback to the premier, opposition-backed Shinnosuke Yamazaki was projected by public broadcaster NHK and Kyodo News as the ...

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