August, 2018

• 28 August

  Tech giants chase $1trn payments market

  

  Bloomberg Surendrasingh Sucharia always has a few thousand rupees in his pocket, but can’t recall the last time he used cash. The 29-year-old product manager in Bangalore uses a string of smartphone apps including ones from Google and India’s Paytm to pay for everything from $40 bags of groceries to street food that costs pennies. A bewildering array of digital ...

  Read More »
• 28 August

  India to fill gap left by US exports to China

  

  Bloomberg India has drawn a list of goods it can export to China, replacing US exports that have become costlier in light of the trade spat between the world’s two biggest economies, according to a person with knowledge of the matter. The South Asian nation has identified more than 40 products, including fresh grapes, cotton linters, flue-cured tobacco and alloy ...

  Read More »
• 28 August

  Meituan Dianping draws Tencent to $4 billion-plus IPO

  

  Bloomberg Meituan Dianping, the Chinese restaurant review and delivery giant, has started gauging investor demand for a planned Hong Kong initial public offering, people with knowledge of the matter said. A stock offering from the company could raise more than $4 billion, said one of the people, who asked not to be identified because the details are private. Chinese social ...

  Read More »
• 28 August

  US northeast set to sweat with high temperatures

  Bloomberg Cities ranging from Boston to New York and Washington are set to swelter through Thursday as high heat and humidity combine to make 95-degree temperatures feel as if they’re 100 degrees Fahrenheit or more, boosting energy demand to cool homes and businesses. A large area of high pressure has parked across the eastern US, bringing in a typical summer ...

  Read More »
• 28 August

  Modi’s JFK moment spurs India to plan crewed spaceflight

  

  Bloomberg India plans to spend $1.4 billion to send a crew of three to space by 2022, spurred by PM Narendra Modi’s goal that will help the country break into an elite club. A module with three astronauts will be launched from Sriharikota, a tiny barrier island in southeastern India, taking the passengers on a seven-day voyage around the Earth, ...

  Read More »
• 28 August

  Amazon’s Whole Foods starts to steal trader Joe’s shoppers

  

  Bloomberg When Amazon.com Inc. bought Whole Foods last year, investors panicked and dumped shares in Kroger, Sprouts Farmers Market and even Walmart. The fear was that the e-commerce leviathan would disrupt yet another industry. Since then, the concerns have subsided as investors and analysts came to recognise that it will be years before Amazon becomes a major player in the ...

  Read More »
• 28 August

  JetBlue hikes fees for checked bags

  

  Bloomberg JetBlue Airways Corp., which for years let passengers check luggage at no charge, became the first major US carrier to bump the fee for a first checked bag to $30. The $5 increase is effective for trips booked started on Monday. JetBlue also raised the charge for a second checked bag by $5 to $40 and for a third ...

  Read More »
• 28 August

  Ryanair seals first labour deal with Italian pilots

  

  Bloomberg Ryanair Holdings Plc signed its first-ever union contract, granting Italian pilots perks such as severance pay in a deal the airline hopes to repeat across its network to contain a protracted labor dispute. The deal commits Ryanair to making contributions to national health care and social-security funds as well as paternity rights, the Italian pilots union ANPAC said in ...

  Read More »
• 28 August

  Asia-Pacific airlines need more pilots, crew

  

  Bloomberg Asia-Pacific airlines will need to add the greatest number of pilots, technicians and cabin crew over the next two decades as economic growth spurs travel demand. The region will require 240,000 more commercial-aircraft pilots, 242,000 technicians and 317,000 cabin crew from 2018 to 2037, making up more than one-third of the global total, according to a forecast by Boeing ...

  Read More »
• 28 August

  Why China’s 297mn fliers aren’t boosting airline profits

  

  Bloomberg China’s top three airlines are poised to show this week that they’ve been hard hit by a jump in crude prices and the yuan’s depreciation. Combined net income at Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. probably fell more than 50 percent to 4.95 billion yuan ($727 million) in the first half of 2018, ...

  Read More »