November, 2018

• 24 November

  Airbus reveals plans for all-new narrow-body, re-engined A350

  

  Bloomberg Airbus SE is hiring staff to help develop a proposed new narrow-body jet and a revamped version of its latest A350 wide-body, both due to be powered by a new generation of engine from the middle of next decade. The company is recruiting designers and engineers in Toulouse and Madrid to work on the short-haul model, as well as ...

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• 24 November

  Boeing slapped with more lawsuits before Indonesia plane crash report

  

  Bloomberg Boeing Co. was slapped with two more lawsuits this week by relatives of the victims of a Lion Air jet that plunged into the Java Sea with 189 people on board almost a month ago. One of the lawsuits filed by Kabateck LLP on behalf of Dayinta Dyah Anggana, whose 54-year-old mother, Nurul Dyah Ayu Sitharesmi, was among the ...

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• 24 November

  US urges allies to avoid using Huawei equipment, says WSJ

  

  Bloomberg The US government is contacting key allies to get them to persuade telecommunications companies in their countries to avoid using equipment from China’s Huawei Technologies Co., the Wall Street Journal reported. Officials from the US have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people ...

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• 24 November

  ‘Foxconn sees brisk business until January’

  

  Bloomberg Terry Gou, chairman of iPhone-assembler Foxconn Technology Group, said his company’s business will remain strong at least until January amid growing concern over cooling demand for Apple’s flagship product. “Our business is very good up till at least January,” Gou said in an interview outside a polling station in Taipei, before voting in local elections. He didn’t elaborate on ...

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• 24 November

  Thailand’s Minor mulls $350mn Leela deal

  

  Bloomberg A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure Ltd., according to a person with knowledge of the matter. The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt, the person said. The consortium would end ...

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• 24 November

  Lodha Group founder is India’s richest property tycoon with $3.8bn wealth

  Bloomberg Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker representing India’s ruling Bharatiya Janata Party, has become the nation’s richest real estate developer after the company’s sales increased 22 percent. Lodha’s wealth is estimated at $3.8 billion, according to the GROHE Hurun India Real Estate Rich List. Lodha, who started the real estate business three decades ago ...

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• 24 November

  Farmers in Vietnam worried about ‘beanless’ coffee phenomenon, output

  

  Bloomberg Farmers in Vietnam are coming across a worrying phenomenon: Coffee fruits empty of beans. Several areas in the world’s biggest grower of robusta coffee have reaped fruits that have no beans inside or where beans are smaller than usual. The empty cherries are most common in Gia Lai province in the north, which normally provides about 15 percent of ...

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• 24 November

  ‘China’s export boom to the US to end in January’

  Bloomberg A recent surge in exports from China to the US is set to turn into a slump in January as tariffs imposed on Chinese goods rise, according to Nomura economists. In September, US President Donald Trump imposed a 10 percent tariff on $200 billion of imports from China and pledged to raise the duty to 25 percent at the ...

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• 24 November

  Apple defends iPhone app fees as court weighs consumer suit

  

  Bloomberg Simplicity is supposed to be a selling point for Apple Inc’s iPhone. It may be a problem at the US Supreme Court. The court will hear arguments on Monday on accusations that Apple is using its market dominance to jack up prices for iPhone apps. A ruling against Apple, letting a lawsuit go forward, could add to pressure the ...

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• 24 November

  Business insolvencies in Canada increase at fastest pace since 2012

  

  Bloomberg Insolvencies among Canadian corporations climbed 4.6 percent in the third quarter, the sharpest increase in at least six years, a sign higher borrowing costs may be taking a toll on businesses. Some 826 companies filed for insolvency in the three months through September, compared with 790 in the same period a year earlier, the Office of the Superintendent of ...

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