June, 2016

• 4 June

  Airbus to make original A320 jets amid Neo wait

  

    Paris / Bloomberg Airbus Group SE will continue building the older variant of its single-aisle A320 aircraft until at least 2019, two years later than intended, as glitches with the re-engined Neo version curb handovers of the new plane. Customers due to take the New Engine Option jets next year will be invited to swap to the less expensive ...

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• 4 June

  Emirates pushes to get its 142 superjumbos

  

    Dubai / Bloomberg Emirates, the largest operator of Airbus Group SE’s A380 superjumbo, has all but given up on getting an upgrade of the double-decker with new engines and is instead making a more modest pitch to the planemaker: please don’t drop the program altogether. “I can’t force Toulouse to do anything,” Emirates President Tim Clark told reporters on ...

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• 4 June

  Wal-Mart CEO McMillon urges workers to reimagine future

  

    FAYETTEVILLE, Ark / AP Wal-Mart’s CEO urged employees to reimagine its future in a fast-shifting retail landscape. The company is at a crossroads, as its long-held dominance in pricing and convenience has been chipped away at by Amazon and dollar stores. But it’s fighting back on multiple fronts, growing more aggressive with prices and going after Amazon, both online ...

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• 4 June

  Gucci’s new designs win over shoppers

  LONDON / Reuters Gucci is on course to top 4 billion euros ($4.5 billion) in revenue for the first time this year as the Italian luxury brand’s revival gathers speed under its new leadership duo. Sales of items designed by new creative director Alessandro Michele have accelerated since March as more have reached shelves, Chief Executive Officer Marco Bizzarri told ...

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• 4 June

  Bulgaria seeks $382mn from Sofia Airport concession

    Sofia / Bloomberg The Bulgarian government started a tender for a 35-year concession to operate Sofia Airport, the country’s biggest, demanding at least 660 million lev ($382 million) in initial payment. The concessionaire will be required to invest at least 307 million lev in the airport, which includes building a new terminal with an annual capacity of 3 million ...

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• 4 June

  Facebook CEO Mark Zuckerberg hosts live chat with astronauts

  

    MENLO PARK / Tribune News Service With a microphone floating in zero gravity, three astronauts aboard the International Space Station chatted with Facebook CEO Mark Zuckerberg via live video about life in space. The social media company has been ramping up its efforts in live video this year, taking on Twitter-owned Periscope. The recent event was the first time ...

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• 4 June

  Gulf investors hold back from UK realty deals on Brexit fears

  

    Reuters Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price slump if Britain leaves the European Union, according to legal and investment sources. Sovereign and private investors from Qatar, Saudi Arabia, Kuwait and the United Arab Emirates have been prolific buyers of British assets ...

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• 4 June

  America has castles and here are three you can buy

  

      Bloomberg Europe is rife with castles for sale—ancient dwellings with moats and gothic arches, stone walls, and magnificent gardens, decorated with elaborate wooden built-ins and a couple of armor suits flanking enormous fireplaces. Legit castles. Without a history to warrant such abodes, the United States has mostly had to make due with tacky, castle-themed McMansions. Still, there are ...

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• 4 June

  Poland launches cheap housing program for families

    WARSAW / AP Poland’s prime minister announced a new program to provide cheap housing for families on low income, the second project the conservative government has launched to support large households. Beata Szydlo said the “Home Plus” program, which still needs to be adopted by the government and parliament, will be largely financed from a National Housing Program that ...

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• 4 June

  Toronto home sales surge in May as listings drop

    Bloomberg Toronto home sales shot to a record in May and prices surged amid fierce competition for single-family homes. There were 12,870 homes sold in May, 11 percent higher than last year, according to the real estate board in Canada’s biggest city. With listings falling 6.4 percent from last year, average prices rose 16 percent to C$751,908 ($581,207). Detached ...

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