Strikes at Lufthansa units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at the German carrier, a spokesman for trade union UFO said on Wednesday.
Twitter said on Wednesday that British Prime Minister Boris Johnson’s Conservative Party misled the public by changing the name of one of its Twitter accounts to make it look like a fact checking service during a televised election debate. The Conservative Campaign Headquarters press office account, followed by nearly 76,000 users, changed its name to “factcheckUK” from its usual “CCHQPress” and switched its avatar to a white tick against a purple background. It made the change while Johnson was debating opposition leader Jeremy Corbyn, the Labour Party leader, on live television. …read more […]
(Bloomberg Opinion) — Prince Andrew’s BBC interview about his ties to Jeffrey Epstein was excruciating to watch — especially, no doubt, for the victims of the deceased financier. So bad was it that he may unwittingly have provided the next generation of Britain’s monarchy the justification it needs to streamline.The Duke of York’s effort to explain his friendship with the convicted pedophile came across as insensitive, ignorant, pig-headed and out of touch. He revealed a litany of shortcomings longer than his official title(1), neglecting to express a shred of sympathy for Epstein’s targets. The prince’s strong denial of claims that …read more […]
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Helicopter money could be both the best and worst options for the European Central Bank if the euro-area slowdown morphed into a recession, according to a Peterson Institute paper.With monetary and fiscal policy limited — the former by a depleted toolbox, the latter by budget rules — handing out cash to the public could be an appealing alternative measure to combat a downturn, former IMF chief economist Olivier Blanchard wrote in the paper with Jean Pisani-Ferry.However, such …read more […]
Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close, sources with direct knowledge of the matter said.
Emirates and Boeing were poised on Wednesday to seal a compromise deal that would see the Dubai carrier order around 30 787 Dreamliners, paving the way for a reduced order for delayed 777X jets, people familiar with the matter said.
South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day.
Power supply to about 150,000 California homes and businesses is expected to be shut off on Wednesday, in the latest precautionary outage planned by utility giant PG&E against wildfire risks posed by extremely dry, windy weather. A precautionary outage initiated on Oct. 23 hit an estimated 179,000 customers, while another run in phases from Oct. 26 through Nov. 1 affected a record 941,000 homes and workplaces, according to PG&E. The latest mass shutoff is likely to run through midday Thursday and could ultimately affect 181,000 customers across portions of 16 counties in northern and central California, PG&E spokeswoman …read more […]
Emirates and Boeing were poised on Wednesday to seal a compromise deal that would see the Dubai carrier order around 30 787 Dreamliners, paving the way for a reduced order for delayed 777X jets, people familiar with the matter said. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalise the order this week have hinged on negotiations over the fate of a massive separate order for 150 777X after the latter ran into delays, they said. A restructuring of the 777X order may, however, not be highlighted officially at the Dubai Airshow, where Emirates …read more […]
Alibaba has exercised its full retail tranche, from 2.5% to 10%, in its Hong Kong secondary listing, thanks to oversubscription, three sources with direct knowledge of the matter told Reuters.
OxyContin is a dying business in the United States. Purdue Pharma, owned by the billionaire Sackler family, is collapsing under an avalanche of lawsuits that accuse the company of using false claims to push its blockbuster painkiller in the U.S., profiting as an unsuspecting nation slipped into a devastating drug crisis. Meanwhile, another company owned by the family in China has been promoting OxyContin with the same tactics Purdue was forced to abandon in the U.S. as opioid overdose deaths soared, according to interviews with four current and former employees and more than 3,300 pages of training and …read more […]
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday.
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalize the order this week have hinged on negotiations over the scale of its commitment to the upcoming 777X after it ran into delivery delays, they said. It remained unclear how far a restructuring of the 777X order would be discussed officially at the …read more […]
(Bloomberg) — Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.White-collar jobs and better-educated occupations along with production workers are among the most susceptible to AI’s spread into the economy, according to a Brookings Institution report Wednesday that draws on a new analysis of patent data by a Stanford University economist.“Just as the impacts of robotics and software tend to be sizable and negative on exposed middle- and low-skill occupations, so AI’s inroads are projected to negatively impact higher-skill occupations,” researchers Mark Muro, Jacob Whiton and Robert Maxim …read more […]
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalise the order this week have hinged on negotiations over the scale of its commitment to the upcoming 777X after it ran into delivery delays, they said. It remained unclear how far a restructuring of the 777X order would be discussed officially at the Dubai …read more […]
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