October, 2020

• 18 October

  GE targets carbon neutrality by 2030

  

  Bloomberg General Electric Co aims to be carbon-neutral at its more than 1,000 factories and other facilities worldwide by 2030, leaving aside emissions from the fossil-fuel burning products that have defined much of the company’s recent history. Accomplishing its goal will mean eliminating the 2.39 million metric tons of carbon dioxide produced by the company’s operations in 2019 — roughly ...

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• 18 October

  Next China? India must first beat Bangladesh

  

  India’s Covid-19 economic gloom turned into despair on news that its per capita gross domestic product may be lower for 2020 than in neighbouring Bangladesh. “Any emerging economy doing well is good news,” Kaushik Basu, a former World Bank chief economist, tweeted after the International Monetary Fund (IMF) updated its World Economic Outlook. “But it’s shocking that India, which had ...

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• 18 October

  Maybe Apple isn’t as green as it claims

  

  Upgrading to an iPhone 12? Apple Inc is happy to take your old phone off your hands. “If it’s in good shape, we’ll help it go to a new owner,” the company promises on the website promoting its trade-in program. “If not, we’ll send it to our recycling partner, so we can save more precious materials and take less from ...

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• 18 October

  Ardern’s win is a vote for Covid competence

  For governments facing a growing wave of coronavirus cases as fall turns to winter, there’s a stark lesson in the stunning election victory for New Zealand’s incumbent Prime Minister Jacinda Ardern: Voters really want their governments to suppress the pandemic. A landslide victory means Ardern could govern with the first outright majority since her country adopted proportional representation in the ...

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• 18 October

  Can Trump be trusted on ‘health conditions’

  President Donald Trump keeps on saying he’ll protect people with pre-existing health conditions even if he succeeds in killing the Affordable Care Act (ACA) — and, oddly enough, quite a few people appear to believe him. Yet he has no plan for an alternative to the ACA, and he hasn’t said how he means to keep his promise to protect ...

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• 18 October

  Boeing explores selling Seattle-area jetliner HQ

  

  Bloomberg Boeing Co is weighing whether to jettison the Seattle-area headquarters of its commercial-airplane division as it cuts costs and stockpiles cash. A sale of the Longacres industrial park would also include an adjacent building once used to train airline pilots. Boeing converted the wooded suburban campus from a horse-racing track in the 1990s, and the property has 855,000 square-feet ...

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• 18 October

  American sets new flight for Max debut

  

  Bloomberg American Airlines Group Inc plans to make Boeing Co 737 Max passenger flights at the end of this year for the first time since the aircraft’s grounding in March 2019. The Max will serve the busy Miami-New York corridor once a day starting December 29 through January 4, American said. The airline will “take a phased approach” to returning ...

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• 18 October

  British Airways fined $26m in UK probe over data attack

  

  Bloomberg British Airways was fined 20 million pounds ($26 million) by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400,000 customers, a cut to a much heftier fine initially planned by the regulator. The UK Information Commissioners’ Office (ICO) said its investigation into a 2018 cyber-attack at the company found ...

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• 18 October

  AirAsia X to liquidate Indonesia operations

  

  Bloomberg AirAsia X Bhd is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline’s planes grounded since late March. The long-haul arm of AirAsia Group Bhd has also written down its 49% stake in Thai AirAsia X, the airline’s deputy chairman Lim Kian Onn said in an interview with the Star ...

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• 18 October

  Hedge fund in talks with Flybe administrator

  

  Bloomberg Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets. A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported, without saying how it obtained the information. Both Cyrus Capital and EY declined to comment ...

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