October, 2020

• 10 October

  Apple’s 5G iPhones may be left on shelf

  

  Apple Inc has been in the spotlight lately, between antitrust scrutiny of its mobile operating system and the legal battle it’s waging with Fortnite maker Epic Games Inc over its App Store. Those developments pale, however, in comparison to the company’s main event next week: the unveiling of its latest iPhones. For all the talk about Apple’s shift to services ...

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• 10 October

  Does ‘long Covid’ make pandemic even scarier

  Unless you learned Latin and Greek or went to medical school, words such as “sequelae,” “encephalopathy” or “anosmia” probably mean nothing to you. That may be about to change, at least if you try to keep up with the literature about Covid-19. And if you’re like me, the more you learn, the more you’ll worry. Sequelae are the aftereffects of ...

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• 10 October

  Trump is encouraging Election Day mayhem

  With less than a month remaining in the presidential campaign, the country faces the specter of a chaotic Election Day. President Donald Trump has urged his supporters to “go in to the polls and watch very carefully” — a suggestion that can be interpreted as a call for greater participation in the long-established practice of election observing, or as an ...

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• 10 October

  Apollo wins $1b Aeromexico bankruptcy loan approval

  

  Bloomberg Apollo Global Management Inc won court approval to provide a $1 billion bankruptcy loan for Grupo Aeromexico SAB, paving the way for the airline to proceed with its restructuring plans. The decision resolves a clash between Apollo and a group of bondholders while bolstering Aeromexico’s efforts to weather an unprecedented collapse in air travel. The disagreement had prompted a ...

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• 10 October

  Cathay union bemoans being left in dark on jobs

  

  Bloomberg A union representing Cathay Pacific Airways Ltd crew called on members to sign a petition to prize out more information about a restructuring plan amid concerns that the troubled carrier is set to cut jobs. “The whole crew community is shrouded in anxiety with numerous unverified news about redundancy circulating among social media groups,” Cathay Pacific Airways Flight Attendants ...

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• 10 October

  Tesco’s new CEO takes over as e-commerce surges in UK

  

  Bloomberg Tesco Plc’s new chief executive officer reported a strong rise in first-half sales as more people bought groceries while working from home during the pandemic. Tesco’s like-for-likes sales in the UK and Ireland, its core market, rose 7.2% as people ate more at home than in cafes and restaurants. Tesco also slightly upgraded its outlook on retail profitability for ...

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• 10 October

  Malaysia Air continues its restructuring talks

  Bloomberg Malaysia Airlines Bhd is continuing talks with leasing companies about a restructuring plan as it tries to weather the coronavirus pandemic. Malaysia Aviation Group, the holding company for the country’s flag carrier, is pleased with the level of support it has received from lessors and is “confident that there are appropriate legal mechanisms available should that support not be ...

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• 10 October

  TUI loses its finance chief

  Bloomberg TUI AG’s finance chief will leave at year-end in a setback for the struggling tour operator as it works on plans to raise more cash. Chief Financial Officer Birgit Conix told the company she won’t extend her contract, TUI said. Sebastian Ebel, who is already a member of the executive board, will take over on January 1, according to ...

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• 10 October

  Boeing cuts jetliner-sales forecast 11%

  Bloomberg Boeing sees a turbulent ride ahead for the world’s jetliner market, with sales contracting sharply this decade before eventually rebounding in the 2030s as new models and technologies spur growth. Boeing released the report days after deciding to consolidate production of its marquee 787 Dreamliner in South Carolina, shutting down a final assembly line at a storied plant in ...

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• 10 October

  Kim shows nuclear might without provoking Trump

  

  Bloomberg Kim Jong-un paraded ballistic missiles and thousands of troops through Pyongyang in the largest such event in at least two years, with the North Korean leader vowing only to unleash his nuclear arsenal to prevent an attack. North Korean state television on Saturday showed battalions marching under the bright lights of Pyongyang’s main square in a rare night parade ...

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