June, 2020

• 24 June

  Khalifa Fund, Facebook to train 1,300 female entrepreneurs

  

  ABU DHABI / WAM Khalifa Fund for Enterprise Development and the social media company Facebook have announced the relaunch of “She Means Business”, an entrepreneurial education programme for women. The programme will support and train 1,300 women entrepreneurs through a series of virtual training sessions, with the overarching aim of equipping participants with a versatile range of skills that will ...

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• 24 June

  Covid-19: Americans are failing mask test

  

  I sometimes refer to the Covid-19 pandemic as “the great psychometric test.” We are all being placed under different kinds of strain, and we have the chance to react for better or worse. One set of tests has concerned masks. There is increasing evidence that masks stem the spread of the virus, yet the US is not embracing mask-wearing. It ...

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• 24 June

  Son hawks a hot stock for cool cash

  

  As Japan’s SoftBank Group Corp unloads about 200 million shares of T-Mobile US Inc, more investors get a chance to own a top-performing stock that had been hogged by insiders. SoftBank’s fire sale isn’t a knock on T-Mobile, but rather a reluctant move by billionaire Masayoshi Son to shore up his own troubled conglomerate. Indeed, his loss will be someone ...

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• 24 June

  How to please German constitutional court

  One stereotype about Germans is that they love to complain, typically with self-righteous bluster and hair-splitting inflexibility. Much less known is the addendum. Having complained, and realising that their position is untenable, Germans are also remarkably adept at changing the subject and moving on. You see this in domestic politics all the time. Last fall the Social Democrats, the junior ...

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• 24 June

  Dell plots $50b more of financial finessing

  Dell Technologies Inc’s magical merry-go-round of financial engineering is spinning once again. The corporate computing giant is examining options for its majority stake in software-company VMware Inc. that include a spinoff of the holdings, the Wall Street Journal reported. VMware shares soared roughly 10% on the news in after-market trading, valuing Dell’s 81% stake at around $55 billion. To understand ...

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• 24 June

  Iceland is getting another brand new carrier, Play Air

  

  Bloomberg Airlines may be struggling to survive the industry’s worst-ever downturn, but investors in Iceland reckon the time is ripe to launch a brand new carrier. Play Air aims to commence flights this fall with a plan borrowed from Wow Air Hf, which collapsed in 2019. Like Wow, it will seek to exploit Iceland’s position in the North Atlantic to ...

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• 24 June

  Pilot, ATC blamed for Pakistan plane crash

  

  Bloomberg Pakistan said the Airbus SE A320 crash in a Karachi neighbourhood last month happened because of errors made by the pilot and air traffic controllers (ATC). Both engines of the state-run Pakistan International Airlines Corp plane were damaged during the first failed attempt at landing at the airport, aviation minister Ghulam Sarwar Khan told lawmakers in parliament. The aircraft ...

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• 24 June

  EasyJet lawsuit over data breach attracts around 10,000 travellers

  

  Bloomberg EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million passengers. More than 10,000 people have joined the suit since it was filed last month, according to law firm PGMBM. Victims are entitled to as much as 2,000 pounds ($2,500) in compensation, meaning the case could be worth as ...

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• 24 June

  Flyers hiding virus infection show risks of reopening borders

  

  Bloomberg People infected with the coronavirus were allowed to board aircraft and travel to Hong Kong in recent days, highlighting the challenge of controlling the pandemic at the same time governments seek the safest ways to reopen borders. Hong Kong’s health authority said one infected passenger arrived from Manila on a Cathay Pacific Airways Ltd flight, and another was on ...

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• 24 June

  Japan retailers gain after surge in sales

  Bloomberg Shares in a range of Japanese retailers gained following a surge in sales at furniture depot Nitori Holdings Co and casual fashion retailer Shimamura Co, an early indication of pent-up demand from local shoppers as the threat of the coronavirus subsided. Nitori same-store sales jumped 47% in June from the previous year, the most on record in data going ...

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