July, 2016

• 25 July

  Will robots upend Asia’s development model?

    Christopher Balding When the Chinese appliance maker Midea Group announced a bid for the German robotics manufacturer Kuka AG this spring, it seemed like something of an omen. Kuka makes robots that specialize in assembling goods on a factory floor — exactly the kind of work that has lifted millions of Chinese out of poverty. After opening up to ...

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• 25 July

  Ryanair clings to profit goal as fare cuts counter Brexit risk

  

    Bloomberg Ryanair Holdings Plc surprised investors by sticking to its fiscal 2017 profit forecast with a plan to lower fares to lure more passengers even as Britain’s decision to quit the European Union and a string of terrorist attacks in major European markets weigh on demand. Europe’s largest discount airline plans to carry 117 million passengers in the 12 ...

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• 25 July

  Boeing sees need for 30,850 new pilots a year

  

    Bloomberg Global airlines will need to hire 30,850 pilots a year for the next two decades to keep pace with new planes on order and surging demand for air travel, according to a forecast by Boeing Co. Carriers will need to recruit and train about 617,000 pilots to fly the 39,620 aircraft, valued at $5.9 trillion, that the U.S. ...

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• 25 July

  Solar plane nears end of historic trip

  

    AFP Solar Impulse 2 was on Monday approaching the end of its epic bid to become the first sun-powered airplane to circle the globe without a drop of fuel to promote renewable energy. When the experimental aircraft touches down in Abu Dhabi in the early hours of Tuesday it will cap a remarkable 42,000-kilometre (26,097 mile) journey across four ...

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• 25 July

  Donuts in flight in first US approved drone delivery

  

    AFP With a chicken sandwich, hot coffee and donuts, aviation history was made on Friday. These were among the items in the first drone delivery on US soil approved by aviation officials, made by convenience retailer 7-Eleven and the drone startup Flirtey. The delivery took place in Reno, Nevada, with the items loaded into a special box for hot ...

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• 25 July

  Wide-bodies’ luster tarnished as American defers Airbus jets

  

    Bloomberg American Airlines’s decision to postpone delivery of nearly two dozen of Airbus Group SE’s sleek, fuel-efficient A350 jetliners amplifies concerns that demand is sagging for international air travel and large new aircraft. Wide-body sales have stalled this year as inexpensive fuel and a glut of readily available used jets diminishes airlines’ need to upgrade their fleets. Airbus and ...

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• 25 July

  Aberdeen’s assets climb amid weaker pound

  

    Bloomberg Aberdeen Asset Management Plc’s funds overseen for clients rose 2.9 percent in the fiscal third quarter as the benefits of a weak pound helped offset outflows. The shares climbed. Assets under management increased to 301.4 billion pounds ($396 billion) from 292.8 billion pounds in the three months through June, Aberdeen said in a statement on Monday. Value appreciation ...

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• 25 July

  New England lake compound house up for half price

  

    Bloomberg After Gary Bahre and his parents built two houses totaling 63,000 square feet on New Hampshire’s Lake Winnipesaukee, they realized they’d gone a little overboard. “The houses are more than I’d ever need as a single man,” said Bahre, a 53 year-old entrepreneur and philanthropist whose family money comes, in part, from selling the New Hampshire Speedway in ...

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• 25 July

  CapCo to cancel sale of $395mn venues business

  

    Bloomberg Capital & Counties Properties Plc canceled a plan to sell the Olympia exhibition center in west London, according to two people with knowledge of the matter. The landlord decided against a sale of its venues unit, which includes the property, before the U.K. voted to leave the European Union because it wants to retain the rent generated by ...

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• 25 July

  Campari receives interest for villa worth over $330mn

    Bloomberg Davide Campari-Milano SpA has received interest from Middle Eastern and North American buyers for a villa on France’s Mediterranean coast that may be worth at least 300 million euros ($330 million) in a sale. Villa Les Cedres, which the Italian drinks maker gained in its acquisition of Grand Marnier Group, is being sold along with Grand Marnier’s two ...

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