June, 2020

• 6 June

  Musk says time to break up Amazon

  Bloomberg Tesla Inc. Chief Executive Officer Elon Musk said it’s “time to break up Amazon” in a tweet, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration. “Monopolies are wrong,” Musk tweeted while tagging Bezos, the world’s wealthiest man. The online retailer is among tech companies being scrutinised by federal regulators and lawmakers for ...

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• 6 June

  As virus eases, Ireland sees ghosts of 2008 economic crash

  

  Bloomberg Surrounded by largely empty offices, builders last month returned to Dublin’s tech district, known as Silicon Docks. Dressed in green vests and with new safety rules to comply with, workers raced to complete developments earmarked for Alphabet Inc.’s Google, just days after a navy coronavirus testing ship nearby left. Construction resumed even as the virus throws up a new ...

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• 6 June

  Russia’s Yandex to double self-driving fleet with Hyundai

  

  Bloomberg Yandex NV will test a driverless car it developed with Hyundai Motor Co. in Detroit as the Russian technology giant makes plans to approximately double its fleet of self-driving vehicles. Yandex plans to buy 100 of the cars, which are souped-up versions of Hyundai’s Sonata, the company said in a statement. The test-drives, which had been planned around the ...

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• 6 June

  Smartphone shipments may drop 12% in 2020

  

  Bloomberg Worldwide smartphone shipments are expected to fall by 11.9% this year — their biggest annual drop ever — indicating things are going to get worse for the industry before they get better. In its latest market forecast, research firm IDC anticipates shipments of 1.2 billion in 2020, down from just under 1.4 billion last year. The annual forecast follows ...

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• 6 June

  Headphones that went from in-flight freebie to global icon

  

  Bloomberg Sennheiser’s HD 25 headphone was not originally designed for DJs. Though today it’s considered an essential piece of equipment behind the decks—worn by the likes of Calvin Harris, Luciano, Richie Hawtin, Martin Solveig, and scores of other boldface names—they were first designed in 1988 for broadcast booths and recording engineers. In 1989, the German audio company started supplying the ...

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• 6 June

  UK car industry joins European jobs wipeout to battle slump

  

  Bloomberg The UK car industry joined in a round of job cuts that has swept Europe, with auto companies looking to downsize to cope with lower sales following the Covid-19 pandemic. Aston Martin Lagonda Global Holdings Plc said it plans to eliminate almost 20% of the workforce, or as many as 500 positions, to cope with a slump in demand ...

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• 6 June

  Bentley to slash 1,000 jobs in UK

  Bloomberg Bentley Motors Ltd. plans to slash as many as 1,000 jobs in the UK, about a quarter of its workforce, to cut costs and contain the fallout of the coronavirus crisis after years of weak profitability. The move adds to 2,000 other British auto-industry job cuts announced this week, while European car, truck and parts makers have set plans ...

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• 4 June

  50% of UAE government staff to return to offices from June 7

  

  ABU DHABI / WAM The UAE government has raised to 50 percent the capacity level of staffing at all ministries and federal authorities effective Sunday, June 7, taking into consideration their full abidance by all Covid-19 countermeasures. In an announcement, the government said the decision follows the successful return of federal staff by 30 percent last week. “The move falls ...

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• 4 June

  Trade-war fear causes a shift in emerging-market flows

  

  Bloomberg When it comes to US-China friction, Asia’s loss is turning into Latin America’s gain. The worsening relationship between the world’s two biggest economies is driving capital out of Asia into nations such as Brazil and Mexico, where the March rout has left valuations too low to ignore. Investors are now paying the most in three years to own Latin ...

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• 4 June

  Etihad to offer transfer services to 20 key cities

  

  ABU DHABI / WAM Etihad Airways will link 20 cities in Europe, Asia and Australia via Abu Dhabi, effective June 10. In a statement by the airline on Thursday, the new transfer services will make it possible for those travelling on the airline’s current network of special flights to connect easily through the UAE capital onwards to key global destinations. ...

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