November, 2019

• 4 November

  The world’s oceans are in need of a bailout

  

  Most environmental problems are concentrated in the area where the pollution is produced. This is good, because it’s a lot easier for a single city or country to deal with an environmental challenge than it is for the international community. There are two huge exceptions to this. The first is global warming, which (as the name implies) affects everyone. The ...

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• 4 November

  Squeezing Vodafone won’t solve India’s credit, fiscal crises

  

  The finance industry is in turmoil. Tax collections have hit stall speed. India’s credit and fiscal crises are joined at the hip. Consider the $13 billion in past fees that the government is asking from telecom operators. It’s a desperate attempt to squeeze money from an industry in which most players have already vanished or gone bankrupt. The two old ...

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• 4 November

  Twitter upstages Facebook with ban on political ads

  

  Facebook Inc. is a superpower. Twitter Inc. is a relative nobody. Last week, though, Twitter won a round. Just as Mark Zuckerberg’s company reported quarterly earnings, Twitter Chief Executive Officer Jack Dorsey tweeted that his company would stop accepting advertisements from candidates for elected office. Starting next month, Twitter also won’t accept payments to promote tweets or other ads that ...

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• 4 November

  Airbus enjoys Asian orders as Boeing lags with Max ban

  

  Bloomberg Airbus SE has taken orders for more than 350 planes in Asia since August, streaks ahead of rival Boeing Co as the US planemaker struggles to revive its grounded 737 Max. A big win for Airbus came last month, when Indian budget carrier IndiGo ordered 300 narrow-body aircraft in a deal worth more than $33 billion at list prices. ...

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• 4 November

  IAG agrees to buy Spanish carrier Air Europa for $1.1bn

  

  Bloomberg British Airways parent IAG SA agreed to buy Air Europa in a move that will bolster a Spanish lineup that already includes former national carrier Iberia and discount operator Vueling. IAG will buy the Spanish airline, which serves 69 domestic and international destinations, from tourism group Globalia for 1 billion euros ($1.1 billion), the London-based company said in a ...

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• 4 November

  Nordic business of Thomas Cook lives on after PE deal

  Bloomberg The Nordic operations of Thomas Cook have been bought by a group of local investors, a little over a month after the parent company went bust. Billionaire Petter Stordalen’s Strawberry Group will team up with Altor Fund V and TDR Capital to take over the assets of Thomas Cook Northern Europe, or Vinggruppen, the group said. “Their great industry ...

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• 4 November

  Ryanair first-half profit gains

  

  Bloomberg Ryanair Holdings Plc’s second-quarter profit rose 8% as a revenue boost from extras like speedy boarding and reserved seats outweighed the impact of lower fares and the grounding of Boeing Co’s 737 Max jetliner. Net income increased to 910 million euros ($1 billion) from 841 million euros a year earlier, Europe’s biggest discount carrier said in a statement on ...

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• 4 November

  Wayfair plunges after disappointing Q4 outlook

  Bloomberg Wayfair Inc plunged to its lowest levels of the year after the online home-goods retailer gave a disappointing outlook for the critical holiday quarter. The shares fell 17% to $84.23 in New York, their lowest since December 26. The company said on its conference call with analysts and investors that it expects fourth-quarter net revenue of $2.48 billion to ...

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• 4 November

  India plans to open 100 airports in five years

  

  Bloomberg India is planning to open 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter. The proposal, which includes starting 1,000 new routes connecting smaller towns and villages, was discussed at a meeting to review infrastructure needed by 2025, the people said, asking ...

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• 4 November

  Takeaway.com makes Just Eat offer ‘flexible’

  Bloomberg Takeaway.com has changed the type of bid it’s making for Just Eat Plc to one that allows it to change the shareholder acceptance threshold down the line as it competes with Naspers Ltd spinoff Prosus NV for the asset. Takeaway is moving from a “scheme of arrangement” to a conditional offer, the company said in a statement on Monday. ...

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