Amid coronavirus fears an airline defends then reverses its face mask banThat didn’t take long. Amid fears of the deadly new coronavirus that’s spreading rapidly in China and beyond, Finnair today (Jan. 25) reversed an earlier decision to ban flight attendants from wearing face masks. The U-turn followed complaints from… Jan 25 20January 25, 2020Article at Quartz
Delta is being sued by teachers after dumping 15,000 gallons of jet fuel over LA schoolsOn Jan. 14, a Delta plane departing Los Angeles for Shanghai requested an emergency landing shortly after takeoff, citing engine problems. The pilot of Delta Flight 89 told air traffic controllers that dumping fuel was unnecessary, but then the… Jan 18 20January 18, 2020Article at Quartz
The US says China is blocking $2.5 trillion in South China Sea oil and gasTensions surrounding the South China Sea have always been largely about oil and natural gas. But it’s often been argued that the strategic shipping lanes carrying Middle East hydrocarbons to East Asia are what really matter, whereas the sea’s own… Aug 25 19August 25, 2019Article at Quartz
“Not everybody lives in California”: Tesla Model 3 owners are griping about frozen door handlesThe Tesla Model 3 was named “vehicle of the year” by the Detroit News in December. Edmunds ranked it the best-selling luxury vehicle in America in the fourth quarter. Clearly, it’s winning people over. But the electric car isn’t without flaws,… Feb 03 19February 03, 2019Article at Quartz
Boeing’s new plant in China just delivered its first planeBoeing, America’s largest exporter, delivered its first plane finished in China this weekend. Built for Air China, the 737 Max was completed and delivered on Saturday at a new facility in Zhoushan, outside of Shanghai. Many more will follow. With its… Dec 16 18December 16, 2018Article at Quartz
Elon Musk will step down as Tesla chairman in a settlement with the SECIt could have been worse. In a settlement with the US Securities and Exchange Commission announced today, Elon Musk and Tesla will each pay a $20 million penalty, while Musk has 45 days to step down as chairman and will be ineligible from holding… Sep 29 18September 29, 2018Article at Quartz
Apple was just overtaken by Huawei in global smartphone salesApple has just reported its highest-ever third-quarter revenue—$53.3 billion—and a 32% jump in profit from year ago. The iPhone maker is getting close to becoming America’s first trillion-dollar public company. Less noticed, it was also just… Aug 01 18August 01, 2018Article at Quartz
Sheldon Adelson wants to open a casino in North KoreaAfter his historic summit with Kim Jong Un last month, Donald Trump noted the business potential of North Korea, as seen from a property developer’s point of view. Speaking to reporters, he said, “Think of it from a real estate perspective. You have… Jul 09 18July 09, 2018Article at Quartz
China says the “largest trade war in economic history” just beganChina responded as expected today to US tariffs on $34 billion in Chinese imports (pdf) taking effect, with Beijing quickly announcing roughly equivalent retaliatory measures. But while those came as no surprise given earlier warnings, the tone and… Jul 06 18July 06, 2018Article at Quartz
Cinema chains are trying to cash in on South Koreans having more free timeNew rules designed to give more free time to South Koreans—who work some of the longest hours in the world—just kicked in. As of July 1, companies with more than 300 employees must adhere to a 52-hour workweek, down from 68 hours. While bosses will… Jul 03 18July 03, 2018Article at Quartz
“Black Panther” will end a 35-year cinema drought in Saudi ArabiaOnce upon a time, Saudi Arabia had commercial movie theaters. Hardline Islamic clerics shut them down in the 1970s while rolling out ultraconservative religious laws. This month, the cinema ban will come to an end after more than 35 years. US-based… Apr 06 18April 06, 2018Article at Quartz
Amazon has French grocery stores in its sights, tooWhen Amazon acquired Whole Foods for $13.7 billion last June, it wreaked havoc on a US grocery industry already struggling with slim margins. Now the retail giant has its eyes on France’s grocers. Over the weekend, Amazon France head Frederic Duval… Mar 05 18March 05, 2018Article at Quartz
Watch: “Shark Tank” judges reject the idea Amazon spent $1 billion onIn November 2013, an entrepreneur named Jamie Siminoff pitched his idea for a “smart doorbell” on the reality show Shark Tank. The show’s judges turned him down. Siminoff forged ahead with the concept, and this week we learned that Amazon is buying… Feb 28 18February 28, 2018Article at Quartz
Japan’s fear of China and North Korea is helping Texas’s “Cowtown”Japan plans to buy at least 20 more F-35A stealth fighters over the next six years, according to a report by Reuters yesterday. What’s most notable about the news is not the number of jets, but where they will be made and assembled. In December 2011,… Feb 22 18February 22, 2018Article at Quartz
For US defense contractors, North Korean hostilities are good for businessNorth Korea is making the world uneasy with its missile launches. It’s also driving business for defense contractors. Take, for example, US defense giant Northrop Grumman’s planned $7.8 billion purchase of Orbital ATK, a smaller contractor focused on… Sep 20 17September 20, 2017Article at Quartz
Buying a Tesla in South Korea is about to become a much better dealTesla recently watched sales plummet in Hong Kong after expired tax-breaks for electric vehicles made its cars suddenly far more expensive than they had been. But in South Korea, its vehicles will soon become a much better deal than they are… Jul 20 17July 20, 2017Article at Quartz
The internet is having a field day with “Oath,” Verizon’s new name for AOL and YahooIt might not be as awful as last year’s “Tronc,” but the new name for the Verizon division that will hold the combined AOL and Yahoo—“Oath,” as tweeted by AOL chief Tim Armstrong—has a decent shot at becoming the most panned corporate branding… Apr 04 17April 04, 2017Article at Quartz
A Mexican cement giant well placed to profit from Trump’s border wall is refusing to work on itWhen it comes to building the US-Mexico border wall proposed by US president Donald Trump, it’s hard to imagine a company better positioned to benefit from the project than Cemex, the largest cement maker in North America. The company has plants on… Mar 17 17March 17, 2017Article at Quartz
Melania Trump views being First Lady as a “once-in-a-lifetime” opportunity for her brandLast August, the British tabloid Daily Mail published a story that could have left readers with the impression that Melania Trump once worked as a prostitute. It retracted the story in September and issued an apology. That’s not good enough for… Feb 07 17February 07, 2017Article at Quartz
After weeks of deliberations, Samsung Electronics tells investors it’ll think some more about its futureSamsung Group isn’t exactly known for corporate transparency or a diverse, international set of leaders. The South Korean conglomerate consists of nearly 60 affiliates bound together by cross-shareholdings, and crown jewel Samsung Electronics has a… Nov 29 16November 29, 2016Article at Quartz
