March, 2021

• 8 March

  United plane’s broken fan blade last inspected in ’16

  Bloomberg The fan blade that broke on a United Airlines plane over suburban Denver last month failed well before it was required to receive its next routine inspection, investigators said. The blade that fractured, triggering the February 20 failure, had 2,979 cycles — each of which represents a flight or any time the engine was started — since its last ...

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• 8 March

  Boeing reeled from ‘terrible’ press after first Max crash

  

  Bloomberg Boeing Co. leaders were stunned by a barrage of negative articles after a 737 Max plunged into the Java Sea in October 2018, killing all aboard, according to internal communications. The messages, under court order, show that executives and board directors worried about media coverage and indications that pilots on the Lion Air flight were caught unaware by an ...

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• 8 March

  Delta restores pay for its managers

  Bloomberg Delta Air Lines Inc. is making payments to management employees to help offset reductions imposed a year ago when the burgeoning coronavirus pandemic decimated travel demand and prompted workers to take unpaid leave or retire early to help slash spending. The carrier is making the payouts after accepting billions of dollars in federal aid dedicated to preventing broad involuntary ...

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• 8 March

  Myanmar protesters begin strike, vow to defeat army

  

  Bloomberg Myanmar protesters marched Monday in some of the country’s biggest cities, part of another nationwide strike to pressure the military to relinquish power after a February 1 coup. Thousands of demonstrators hit the streets in Yangon and Mandalay, Myanmar’s biggest cities, as well as other cities to keep up momentum for the pro-democracy movement. In the southeastern city of ...

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• 8 March

  Top lawmakers say Cuomo should resign, governor says ‘no way’

  

  Bloomberg New York’s highest-ranking state lawmakers called on Governor Andrew Cuomo to resign even as he remained defiant that he wouldn’t step down. “I am not going to resign because of allegations,” Cuomo said on a call with reporters. “There is no way I resign.” Cuomo, a third-term Democrat, faces claims of impropriety from five women, after disclosures from two ...

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• 8 March

  China to fight US sanctions with legal ‘toolkit’

  

  Bloomberg Beijing pledged to speed up legislation aimed at countering US sanctions, as it seeks to narrow Washington’s advantages in disputes after the Trump administration levied waves of penalties against China. Measures were announced by National People’s Congress Standing Committee Chairman Li Zhanshu as part of his annual report to the Chinese legislature on Monday. “We will upgrade our legal ...

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• 8 March

  Libya rival parliaments hold talks on new government

  

  Bloomberg Libya’s two rival parliaments began meeting for the first time to discuss a proposed unity government that would lead the war-torn Opec member until elections in December. Monday’s joint session involving lawmakers from the Tobruk-based parliament, which backed eastern military commander Khalifa Haftar, and the rival assembly headquartered in Tripoli, the capital, is taking place in the central coastal ...

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• 8 March

  Republican reopenings sharpen political divide over virus

  

  Bloomberg Decisions by two Republican governors to remove all coronavirus restrictions in their states have reignited the political debate on the pandemic response, elevating it as a campaign issue this year and in 2022. Republicans Greg Abbott of Texas and Tate Reeves of Mississippi announced last week they’re eliminating state mask mandates and allowing businesses to reopen at full capacity, ...

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• 8 March

  India looks set to weather global bond rout with record reserves

  

  Bloomberg India’s record foreign-exchange reserves and a rare current-account surplus look set to cushion the nation’s currency and bonds from a global surge in interest rates. While the central bank does have its hands full managing the government’s large debt issuance, strategists see the country in a much stronger financial position now than it was during previous bouts of turmoil ...

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• 8 March

  SocGen plans to cut 80 jobs in London

  

  Bloomberg Societe Generale SA is planning to cut about 80 positions in London as the lender scales back a business that provides securities services to asset managers, banks and brokers. About half the positions are being cut at SocGen securities services unit, known as SGSS, in the UK capital, according to people with knowledge of the matter. The remainder mostly ...

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