December, 2019

• 3 December

  Real news: Hardly anybody shares fake news

  

  Some people are fuming at Facebook for allowing unfiltered political ads, while others are fuming at Twitter for banning them. There’s lots of confusion and speculation, but what we know is that these social media companies have fundamentally changed how people exchange information. What we need to figure out is whether they also change how people spread disinformation — and ...

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• 3 December

  IndiGo stops pushing engines to the limit after shutdowns

  

  Bloomberg IndiGo has told its pilots to stop pushing engines on its new Airbus SE jets to the limit when the planes are climbing, after India’s aviation regulator said the practice may have contributed to turbines failing in the air. All the budget airline’s A320neo aircraft now use a lower thrust setting following take off, according to a spokeswoman from ...

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• 3 December

  Modi mulls easing foreign control rule to aid Air India sale

  

  Bloomberg India is considering amending a rule to allow overseas control of local airlines, according to a person familiar with the matter, which may help its indebted national carrier lure a foreign suitor after multiple failed attempts for a sale. At a meeting in early November, India’s Department for Promotion of Industry and Internal Trade asked the aviation ministry if ...

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• 3 December

  South African airways in limbo as state considering bailout

  

  Bloomberg South African Airways (SAA) said it’s waiting for the government to tell it whether it will provide the national carrier with the money needed to keep flying, rendering it unable to publish its results for the year through March. “SAA cannot finalise its annual financial statements within the prescribed time until the going concern status is confirmed,” the carrier ...

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• 3 December

  Italy to approve $442mn loan to keep Alitalia flying

  Bloomberg Italy is set to approve a new 400 million-euro loan for failed airline Alitalia, people familiar with the situation said. The government will give the green light to the funding at a cabinet meeting, according to the people, who asked not to be identified discussing confidential deliberations. The new loan throws a lifeline to Alitalia as government continues to ...

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• 3 December

  Lord & Taylor returns to NYC with a mini store

  

  Bloomberg Lord & Taylor began 2019 by closing its massive New York store after more than a century in business. It will end the year by opening a tiny new one. The department store will return to Manhattan this holiday season as a temporary shop, according to a person familiar with the matter who asked not be identified because the ...

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• 3 December

  EasyJet set for a return to FTSE 100

  Bloomberg EasyJet Plc is set to return to Britain’s benchmark FTSE 100 index six months after the budget carrier was demoted, the benchmark compiler said. The airline will replace specialist insurer Hiscox Ltd., which will be relegated to the FTSE 250, according to a statement from FTSE Russell. The index review will be based on closing prices on Tuesday and ...

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• 3 December

  Amazon, Walmart face ire of 70mn India shopkeepers

  

  Bloomberg In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy. “Amazon, Flipkart!” one merchant after another shouts into a microphone from a small stage in Sadar Bazaar’s central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: “Go back! Go back!” The sit-in, which ...

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November, 2019

• 27 November

  The UAE is with Saudi Arabia with heart, soul: Mohamed

  

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and HRH Prince Mohammed bin Salman bin Abdul Aziz, Saudi Arabia’s Crown Prince, Deputy Prime Minister and Minister of Defence, have presided over the second meeting of the Saudi-Emirati Coordination Council in Abu Dhabi ...

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• 27 November

  Sheikh Khalifa reiterates UAE’s support for Palestinians at UN

  NEW YORK / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has reiterated the UAE’s support for the aspirations of the Palestinian people to self-determination, highlighting the country’s regional and international efforts to ease their suffering. He made this statement as part of a solidarity message directed to Ambassador Cheikh Niang, Chair of the United Nations, UN, Committee ...

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