Bloomberg Shuttering Berlin airport for more than two hours and upsetting the travel plans of thousands of passengers proved little more challenging than a walk in the park for four climate protesters. Video footage of the runway invasion shows two of them calmly pushing a bicycle along a country path before slipping through a hole in the perimeter fence as ...
Read More »Hong Kong expects air-passenger traffic to surge next year
Bloomberg Hong Kong expects air passenger traffic to recover to as much as 70% of pre-pandemic levels by the end of next year and return to normality by 2024, South China Morning Post (SCMP) reported, citing an official. Deputy Director of Airport Operations Steven Yiu Siu-chung brushed aside concern about the airport’s status as an aviation hub, the newspaper ...
Read More »Amazon most likely to settle EU antitrust probes by end of year
Bloomberg Amazon.com Inc is poised to settle European antitrust probes over how the US ecommerce giant uses rivals’ sales data and whether it unfairly favours its own products. The European Commission is likely to accept Amazon’s binding proposals by the end of the year — that includes a commitment to stop using data on independent sellers on its marketplace for ...
Read More »US shoppers kick off holiday season with muted Black Friday
Bloomberg US retailers discounted heavily on Black Friday to clear out bloated inventories but customers responded with only modest traffic, leaving profitability in doubt for many chains. Crowds were thin at Connecticut’s Stamford Town Center mall, with few shoppers at Kay Jewelers and just a small line at Forever 21. A couple at a Walmart Inc supercenter near Dallas reveled ...
Read More »London City Airport to scrap laptop, liquids rule in 2023
Bloomberg Passengers flying through London City Airport will be able to leave laptops and liquids in their bags when passing through security from next year. The hub, which is currently trialling one security lane equipped with next-generation baggage scanners, plans to introduce the machines on all its lanes by April as part of a partnership with Leidos Holdings Inc, ...
Read More »Zara owner’s workers strike for more pay
Bloomberg Inditex SA, the Spanish owner of the Zara clothing chain, is facing two days of strikes in its home market after unions and management failed to reach an agreement on pay. Stoppages shut as many as 11 shops in the northwestern province of A Coruña, in Galicia, as workers walked off their jobs to demand a €440 ($458) ...
Read More »US bans Huawei, ZTE telecom equipment on security risk
Bloomberg Huawei Technologies Co and ZTE Corp were banned from selling electronics in the US by regulators who say they pose a security risk, continuing a years-long effort to limit the reach of Chinese telecommunications companies into US networks. The Federal Communications Commission (FCC), in an order, also named connected-camera providers Hangzhou Hikvision Digital Technology Co and Dahua Technology ...
Read More »India’s Oyo Hotels posts narrower loss after curbing expenses
Bloomberg Oyo Hotels, the once high-flying Indian startup, reported a narrower quarterly loss after curbing spending to cope with a slow recovery in travel following the pandemic. The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter, the company said in a statement. Revenue was little ...
Read More »Bangladesh on track to become a trillion-dollar economy by 2040
Bloomberg Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce, according to Boston Consulting Group (BCG). With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand, BCG ...
Read More »India mulls selling stakes in coal, zinc miners
Bloomberg India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, ...
Read More »