April, 2019

• 13 April

  EU eyes $12b duty damages in row with US on Boeing

  

  Bloomberg The European Union is considering hitting US goods ranging from handbags to helicopters with retaliatory tariffs to the tune of $11.5 billion in a dispute over subsidies to Boeing Co, according to a draft list seen by Bloomberg News. The plan follows a US threat to seek $11 billion in damages through duties on European goods ranging from helicopters ...

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• 13 April

  JetBlue announces new route

  

  Bloomberg JetBlue Airways Corp rallied after saying it would join the hyper-competitive market for business travellers flying between the US and Europe, using Airbus SE jets with an expanded version of its premium cabin. Starting in 2021, JetBlue will make multiple daily flights from its hubs at New York’s John F. Kennedy and Boston Logan to an unspecified airport in ...

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• 13 April

  Kenya Airports body expects land at $9.9b on revaluation soon

  

  Bloomberg Kenya Airports Authority (KAA) expects its land holdings to be worth more than 1 trillion shillings ($9.9 billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said in an ...

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• 13 April

  American sees hit to revenue gauge on 737, US shutdown

  Bloomberg American Airlines Group Inc warned of first-quarter weakness, citing the grounding of its 737 Max fleet last month and the government shutdown early in the year. An industry gauge of pricing power will rise no more than 1 percent, the airline said. American predicted that the figure, revenue for each seat flown a mile, would be flat to up ...

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• 13 April

  Swedish beauty brand weighs sale at $1b

  Bloomberg Foreo, the six-year-old Swedish beauty company known for its electric facial cleansers and toothbrushes, is working with advisers as it considers selling itself, people familiar with the matter said. The firm could fetch more than $1 billion in a sale, the people said, asking not to be identified. PE firms are expected to be among the bidders, one of ...

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• 13 April

  Bernard Arnault’s fortune gets fresh lift from Louis Vuitton

  

  Bloomberg Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods. The Frenchman, whose fortune has increased by more than $19 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than ...

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• 13 April

  Amazon workers are listening to what you say to Alexa

  

  Bloomberg Tens of millions of people use smart speakers and their voice software to play games, find music or trawl for trivia. Millions more are reluctant to invite the devices and their powerful microphones into their homes out of concern that someone might be listening. Sometimes, someone is. Amazon.com Inc employs thousands of people around the world to help improve ...

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• 13 April

  Dubai’s Vista buys Uber-like private jet service JetSmarter

  

  Bloomberg Vista Global Holding, which competes with Warren Buffett’s NetJets in the pay-by-the-hour private plane market, agreed to buy US-based JetSmarter, adding a service that sells empty seats on chartered aircraft. While the Uber-style model will extend the group’s product offering in the $11 billion on-demand corporate flights sector, JetSmarter is mainly attractive for industry-leading digital technology and an app ...

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• 13 April

  Elon Musk-linked team outlines system to monitor brain activity

  

  Bloomberg A team of scientists, some of whom have worked for Elon Musk, outlined a way to rapidly implant electrical wiring into the brains of rats. The process, described in an unpublished academic paper, is an important step towards a potential system to plug human brains directly into computers. The paper’s five authors have been employed by or loosely associated ...

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• 10 April

  Mubadala opens New York office as Abu Dhabi fund expands in US

  

  Bloomberg Mubadala Investment Co opened an office in New York as the Abu Dhabi wealth fund builds on its presence in the United States. “Today we have offices in San Francisco, we have offices in Rio De Janeiro, we have offices in Moscow, we have an office in New York City which we just inaugurated, and Hong Kong by the ...

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