Bloomberg The ceremony at the Elysee palace in Paris exuded the full pomp of the French state. Under ceilings dripping with chandeliers, executives of Airbus SE and the agency that buys planes for China’s airlines signed an order worth $35 billion as French President Emmanuel Macron and his Chinese counterpart, Xi Jinping, looked on. Normally, such an event would be …
Read More »Kenya Airways in talks to buy Airbus planes
Bloomberg Kenya Airways Plc is in discussions with Airbus SE to acquire an unspecified number of planes from the Toulouse, France-based company, but remains a “happy and loyal customer†of Boeing Co, according to Chief Executive Officer Sebastian Mikosz. Sub-Saharan Africa’s third-largest carrier, which wants to add 50 airliners to its fleet over the next six years to ward off …
Read More »Boeing crash fallout widens on TUI profit hit, lawsuit
Bloomberg Boeing Co faced widening fallout from the crisis over its 737 Max jets, as travel giant TUI AG warned the grounding of the aircraft will cut its profit and the estate of a passenger who died in this month’s crash in Ethiopia sued the planemaker. Boeing, based in Chicago, has been under intense scrutiny after two 737 Max crashes …
Read More »Tiffany adds manufacturing jobs to boost its diamond business
Bloomberg Tiffany & Co has quietly added thousands of manufacturing jobs over the past two years as it digs deeper into the diamond business. The jeweller has increased its staff by 2,300 employees since early 2017, about a 19 percent rise in headcount. Nearly all of the new jobs are in Tiffany factories abroad or jewellery manufacturing in the US. …
Read More »Sonic brings Red Bull to fast food next month
Bloomberg Sonic is doubling down on indulgent. The burger chain, squeezed by tough competition from larger rivals including Burger King and McDonald’s Corp, is adding a Red Bull frozen “slushie†to its menu next month, as it seeks to pull in the so-called young males who have remained loyal fast-food customers even as eating habits shift in the US. It’s …
Read More »UAE committed to robust climate action
NEW YORK / WAM During his participation in the High-Level Meeting on Climate and Sustainable Development for All, convened by Maria Fernanda Espinosa, President of the United Nations General Assembly in New York, Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, reiterated the country’s green commitment and support for ambitious and innovative global climate action. …
Read More »India defers retaliatory import tax on US goods
Bloomberg India has extended its deadline to impose retaliatory customs duties on a number of US imports, including almonds and pulses, by a month. In a notification issued by the country’s finance ministry, the government said that the implementation of increased customs duties has been postponed to May 2 from April 1. India has put off imposing retaliatory tariffs a …
Read More »Trump doubles down on Keystone pipeline with new permit
Bloomberg President Donald Trump issued a new permit for TransCanada Corp’s controversial Keystone XL pipeline, circumventing a court ruling that blocked a previous authorisation by his State Department. The move aims to undercut legal challenges to the $8 billion project, including a November ruling by a Montana-based district judge that faulted the State Department’s previous environmental analysis, according to a …
Read More »Swiss real estate in spotlight for wrong reasons
Bloomberg Switzerland’s property-market watchdogs aren’t likely to catch a break. With European interest rates set to remain low for even longer, that’s going to further fuel the ongoing exuberance in Swiss real estate that’s seen multiple warnings this month alone. The issue is particularly acute in buy-to-let properties, as insurers and pension funds look to compensate for otherwise meager returns. …
Read More »Apple video app embraces other devices only when needed
Bloomberg Apple Inc showed it can open up its software and services to devices that compete with its own — but only when absolutely necessary. The company’s updated TV app, including a new subscription for original movies and TV shows, will launch on iPhones, iPads, and Macs. But it will also be available via gadgets from Amazon.com Inc and Roku …
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