October, 2019

• 30 October

  Boeing chief defends ‘delegation’ in sometimes testy hearing

  

  Bloomberg Boeing Co’s chief executive declined to endorse specific reforms to bolster safety oversight of the aerospace giant during a sometimes angry grilling in his first appearance before Congress since two 737 Max crashes killed 346 people. Several senators pressed Dennis Muilenburg on possible changes to the so-called delegation programmd in light of lapses that occurred in the Federal Aviation ...

  Read More »
• 30 October

  Frank Sinatra’s ride, Pink Floyd’s muse: Learjet goes on life support

  

  Bloomberg Learjet — once the epitome of luxury travel for celebrities like Frank Sinatra — is gasping for breath, and Bombardier Inc is making a last-ditch attempt to revitalise the brand. It’s a tall task as demand for corporate planes has shifted to larger, more comfortable, longer-range aircraft. That has left the Learjet 75 Liberty competing in a shrinking market ...

  Read More »
• 30 October

  Beyond Meat declines despite rosier outlook

  

  Bloomberg Beyond Meat fell in early trading despite an increased sales forecast and its first quarterly profit. Investors were bracing for a selloff, when early backers of the faux meat maker will finally be allowed to cash out. The maker of meatless beef and sausages said third-quarter sales rose 250% to $92 million, outpacing analysts’ average estimate. The company now ...

  Read More »
• 30 October

  US-led nations criticise China at UN for treatment of Uighurs

  

  Bloomberg The US and its Western allies at the United Nations sharply criticised China’s treatment of its ethnic Uighurs, stepping up pressure over human rights just as Washington and Beijing seek to complete a “phase one” deal in their lingering trade dispute. “We call on the Chinese government to uphold its national laws and international obligations and commitments to respect ...

  Read More »
• 30 October

  Lebanon planning to impose capital controls amid crisis

  

  Bloomberg Calls are mounting for Lebanon to impose formal restrictions on the movement of money to defend the country’s dollar peg and prevent a run on the banks when they open their doors after nationwide protests. Banks have been closed since the start of the uprising two weeks ago and only plan to reopen once the political situation stabilises. The ...

  Read More »
• 30 October

  Johnson gets snap vote to fix Brexit crisis

  

  Bloomberg The UK will hold an emergency election in six weeks’ time, in a critical poll that could finally settle the question of Brexit. Prime Minister Boris Johnson won backing in parliament to trigger the snap vote in an attempt to break the deadlock that has paralysed the country’s politics, weighed on its economy and left its citizens angry and ...

  Read More »
• 30 October

  Dozens blinded by Chile police in protest crackdown

  

  Bloomberg Dozens of Chileans have been partially blinded by rubber projectiles and gas canisters that police and soldiers fired into crowds of protesters — maimings that threaten to destroy what little common ground is left in a nation racked by the worst civil unrest in a generation. More than 140 people have suffered eye injuries since protests started on October ...

  Read More »
• 30 October

  Protests around the globe have one thing in common

  

  Bloomberg Hong Kong martial arts guru Bruce Lee urged followers to “empty your mind, be formless, shapeless like water.” That philosophy has driven months of anti-government unrest in Hong Kong. And it applies to protest movements elsewhere that are operating with quick-changing tactics and without clear leadership. Mass demonstrations are not new. Anti-war and anti-nuclear protests swept the globe decades ...

  Read More »
• 30 October

  India’s Vodafone Idea seeks debt revamp as losses soar

  

  Bloomberg Vodafone Group Plc’s Indian venture, reeling under $14 billion of net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the sinking carrier, people with direct knowledge of the matter said. Vodafone Idea Ltd, formed by last year’s merger of the British telecommunications firm’s local unit with billionaire Kumar Mangalam Birla’s Idea Cellular ...

  Read More »
• 30 October

  HK’s housing sales jump as first-time buyers given boost

  

  Bloomberg Hong Kong’s move to make it easier for first-time home buyers to break into the world’s least-affordable housing market has had an immediate effect, with sales surging in the past two weeks. Sales in the secondary market have more than doubled since mortgage rules for first-time buyers were eased mid-October, Midland Realty Ltd said. Primary home sales are also ...

  Read More »