September, 2020

• 29 September

  The Brexit calculus is changed by Covid-19

  When Boris Johnson had his breakthrough meeting with then Irish leader Leo Varadkar outside Liverpool in 2019, he had a burning need to strike a Brexit deal and only one major obstacle standing in the way: the Irish border. Faced with either betraying Brexiters in his party, which would have been the end of his leadership, or plunging his country ...

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• 29 September

  And Donald Trump is destroying the CDC

  Inch by inch, since the start of the pandemic, the White House has sought to sabotage the Centers for Disease Control (CDC) and Prevention for the political benefit of President Donald Trump. To an alarming extent, it has succeeded. Once globally recognised as “the best science-based, data-driven agency in the world,” in the words of its current director, the CDC ...

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• 29 September

  United Air pilots approve pay cut to avoid job losses

  

  Bloomberg United Airlines Holdings Inc’s pilots agreed to accept lower minimum pay guarantees to prevent almost 4,000 of their members from being put on furlough. The pact with United won 58% support in a vote by union membership, the Air Lines Pilots Association (ALPA) said. The airline had sought to cut costs while avoiding pilot layoffs because of the expense ...

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• 29 September

  Amazon’s Prime Day to start on October 13

  

  Bloomberg Amazon.com is about to test whether consumers who have taken to online shopping in huge numbers during the pandemic will spend even more for deals during the company’s Prime Day sales event. The largest online retailer will offer discounts for paying members of its speedy-shipping and video streaming service beginning on October 13. The two days of discounts come ...

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• 29 September

  Singapore Air turns A380 into temporary restaurant

  Bloomberg Singapore Airlines Ltd is opening one of its Airbus SE A380 superjumbos as a temporary restaurant, joining a gaggle of other carriers trying out novel ways to raise cash while the coronavirus decimates air travel. Diners can choose their cabin class where they will be served meals with two alcoholic drinks and free flow of other beverages, the carrier ...

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• 29 September

  Treasury seeks conditions on South African Airways’ loan

  

  Bloomberg South Africa’s National Treasury wants strict conditions attached to any guarantees it provides for loans to the country’s embattled state airline, according to two people familiar with the matter. Treasury and Department of Public Enterprises officials met to discuss ways to restart South African Airways, the people said, asking not to be identified because the talks are private. Representatives ...

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• 29 September

  LVMH countersues Tiffany over ‘buyout’

  

  Bloomberg LVMH countersued Tiffany & Co weeks after pulling out of its $16 billion purchase of the iconic New York-based jeweller, saying the decision was driven by the French government’s request to delay the deal’s closing and Tiffany’s mismanagement during the pandemic. The maker of Louis Vuitton bags contends Tiffany’s business was devastated by the coronavirus outbreak and that provides ...

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• 29 September

  Airbus weighs furlough in production to limit job cuts

  

  Bloomberg Airbus SE is considering reduced working time in production areas in France over the next two years to help the European planemaker limit job losses prompted by a collapse in global air travel due to Covid-19. The move would help it preserve skills in order to restart single-aisle aircraft production at rates similar to last year between 2023 and ...

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• 29 September

  ANA drops 8.5%, most since April

  Bloomberg ANA Holdings tumbled as much as 8.5% in Tokyo trading on September 28, its biggest intraday drop since April 1, after a report the airline is considering raising $1.9 billion via a public share offering. The Japanese carrier is also planning to cut costs by selling aircraft and disposing of non-core businesses, Nikkei reported, without saying where it got ...

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• 29 September

  Barrett confirmation fight adds fuel to battle over US Senate

  

  Bloomberg A bruising Senate confirmation fight over President Donald Trump’s Supreme Court choice may seal the fates of several incumbent senators in the November election, though it has yet to drastically alter the odds for which party will control the chamber. Trump’s decision to nominate Judge Amy Coney Barrett to the high court with just weeks to go before Election ...

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