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Nov 11, 2019
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british airways says it has big ambitions when it comes to the environment.g airline group on sustainability. over the last three years, our fuel efficiency programme has saved over 200,000 tons of c02. but a british airways insider has decided to blow the whistle on one way the industry puts saving money before saving the planet. he is worried speaking out could cost him hisjob, so wants to remain anonymous. i believe them to be misleading passengers to think that british airways is more sustainable than it actually is. he told us about a practice known as fuel tankering that causes unnecessary emissions. so here's how it works. the cost of aviation fuel differs between destinations and airlines can save money by filling up with fuel where it is cheap, so they don't have to buy fuel where it is more expensive. the problem is, more fuel means heavier planes, and heavier planes... mean more greenhouse gas emissions. british airways can save hundreds of pounds per flight doing this, but the bbc has seen dozens of internal documents that show sometimes, it saves
british airways says it has big ambitions when it comes to the environment.g airline group on sustainability. over the last three years, our fuel efficiency programme has saved over 200,000 tons of c02. but a british airways insider has decided to blow the whistle on one way the industry puts saving money before saving the planet. he is worried speaking out could cost him hisjob, so wants to remain anonymous. i believe them to be misleading passengers to think that british airways is more...
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Nov 11, 2019
11/19
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what they claim, what they claim is, british airways, or they claim is, british airways, or the airlinesthere may also be operational reasons, we have to be fair, that is what they claim. but the question is, how much do you say —— save? the numbers say they say very little and put that burden on the environment. it is a ha rd burden on the environment. it is a hard one to grasp, right? it is tricky because it talks about the pack this that is done, this fuel tankering on european roots could result in additional greenhouse gas emissions equivalent to that produced by a town of 100,000 people. and we in —— when we are all being called on to do the best we can to reduce this issue of climate change, or reduce the warming of our environment, this is something that can be done easily, surely? it is something that they will look into andi something that they will look into and i am sure a story like this will have ramifications stop airlines would look into this practice again, and that is why one has stories like this. financial times, and that is why one has stories like this. financialtim
what they claim, what they claim is, british airways, or they claim is, british airways, or the airlinesthere may also be operational reasons, we have to be fair, that is what they claim. but the question is, how much do you say —— save? the numbers say they say very little and put that burden on the environment. it is a ha rd burden on the environment. it is a hard one to grasp, right? it is tricky because it talks about the pack this that is done, this fuel tankering on european roots...
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Nov 13, 2019
11/19
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that's what british airways and shell want to do.lions into a company that wants to turn rubbish into jet fuel from 202a. they call it sustainable fuel. anything you throw in your black bag, so nappies, plastic, cardboard, food — anything that can't be recycled. we'll take that and we'll turn it into sustainable aviation fuel. he says this fuel will avoid the polluting process needed to produce kerosene. and lots of the waste would emit greenhouse gases in landfill. so why not use it to power aircraft instead? you can genuinely have the right effect by taking the carbon from a sustainable source. so over the lifecycle you've actually got a genuine carbon dioxide reduction. sounds good. but it still contributes to climate change. not least because emissions of c02 from the engine will stay the same. just to be absolutely clear, when it's burned in a plane, it's going to release the same amount of greenhouse gas emissions as current kerosene? yes, it is. it behaves exactly like current kerosene. so the greenhouse emissions out of the p
that's what british airways and shell want to do.lions into a company that wants to turn rubbish into jet fuel from 202a. they call it sustainable fuel. anything you throw in your black bag, so nappies, plastic, cardboard, food — anything that can't be recycled. we'll take that and we'll turn it into sustainable aviation fuel. he says this fuel will avoid the polluting process needed to produce kerosene. and lots of the waste would emit greenhouse gases in landfill. so why not use it to power...
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Nov 11, 2019
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what have british airways and other airlines been doing? last night we rana airlines been doing? british airways and indeed virtually all airlines operating in europe sometimes take on additionalfuel to operating in europe sometimes take on additional fuel to save money when it's more expensive than the destination they are going to. it cuts costs but heavy planes take more fuel to fly through the air and therefore create more greenhouse gas emissions and the practice appears to be at odds with the commitments of british airways and other airlines to cut their emissions. it seems that willie walsh, the chief executive of the company that owns british airways agrees. we have got hold of a recording, an address he gave to investors on friday in which he talks about our story and says the company will review the practice. this is what he said. but maybe that's the wrong thing to do and the wrong issue to incentivise, so we want to make sure we have our incentives aligned to the right activities to ensure financial sustainability, but also to ensure environmental sustainability. it's
what have british airways and other airlines been doing? last night we rana airlines been doing? british airways and indeed virtually all airlines operating in europe sometimes take on additionalfuel to operating in europe sometimes take on additional fuel to save money when it's more expensive than the destination they are going to. it cuts costs but heavy planes take more fuel to fly through the air and therefore create more greenhouse gas emissions and the practice appears to be at odds with...
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Nov 15, 2019
11/19
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certainly british airways and virgin atlantic are not british airways and virgin atlantic a re not interestedlantic are not interested in this. qantas needs to do this and it thinks to get the premium market sewn up from london to sydney and new york to sydney. environmentally speaking, surely a long haulflight like sydney. environmentally speaking, surely a long haul flight like this is worse in terms of carbon emissions than stopping so that's going in the wrong direction, isn't it? it most certainly is. their timing was quite interesting, given the clamour over one change. i was tracking it through the night, i think i had a more comfortable time than luke! it flew over the capital of kaza khsta n than luke! it flew over the capital of kazakhstan and if ads stop to refuel and also in the philippines, it would have cut the carbon emissions and fuel burn by at least a quarter. to be going for something where you know it will be very damaging is an interesting development and qantas of course says it offsets all the flights' carbon and it is working to become carbon and it is working to becom
certainly british airways and virgin atlantic are not british airways and virgin atlantic a re not interestedlantic are not interested in this. qantas needs to do this and it thinks to get the premium market sewn up from london to sydney and new york to sydney. environmentally speaking, surely a long haulflight like sydney. environmentally speaking, surely a long haul flight like this is worse in terms of carbon emissions than stopping so that's going in the wrong direction, isn't it? it most...
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Nov 2, 2019
11/19
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good news if you are planning to go away but not good news if you are a pilot with british airways. what has happened with thomas cook and brexit being pushed out. there has been a bit of a climb—down with the union and british airways have put an offer on the table. this has gone on months. it has been a while. i am happy christmas will not be ruined because it is sad when things like that happen. look at the details of the deal. but christmas is saved, so positive news. interesting story in the times. if having got your information from your mobile phone in the toilet and your information is online, it talks about how we delete profiles. all that information, the data, profiles. the right to be forgotten. supposedly 7% would like it completely deleted and gone when they die. many would like images to go on to the family but interesting to think about because as you are tweeting, communicating, what happens afterwards is something we do not often talk about enough but there are certain rights around it at eu level that we might have to review in the years to come. what would you li
good news if you are planning to go away but not good news if you are a pilot with british airways. what has happened with thomas cook and brexit being pushed out. there has been a bit of a climb—down with the union and british airways have put an offer on the table. this has gone on months. it has been a while. i am happy christmas will not be ruined because it is sad when things like that happen. look at the details of the deal. but christmas is saved, so positive news. interesting story in...
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carrier quantas has pledged to achieve 0 net emissions by 2050 it's the 2nd airline to do so after british airways oh no i agee quantize is also investing about 30000000 euros in developing more sustainable aviation fuel in. the united kingdom has avoided a technical recession after a contraction in the 2nd quarter of fishel figures show an expansion of point 3 percent in the 3rd still the economy is growing at its lowest annual rate it's 2010 . it is the 11th day of the 11th month and with all those ones flying around it is singles day in china but what started off as a day for lonely hearts has become a yearly online retail extravaganza led by shopping website alibaba and normally spending outstrips america's black friday and cyber monday combined this year has been disappointed so far. on the stroke of midnight the money started rolling in alibaba singles day usually brings mind boggling numbers this time sales surged past the 1000000000 dollar mark in a little over one minute. less than a matter. superstar taylor swift front at the opening celebrations in shanghai or to persuade online custome
carrier quantas has pledged to achieve 0 net emissions by 2050 it's the 2nd airline to do so after british airways oh no i agee quantize is also investing about 30000000 euros in developing more sustainable aviation fuel in. the united kingdom has avoided a technical recession after a contraction in the 2nd quarter of fishel figures show an expansion of point 3 percent in the 3rd still the economy is growing at its lowest annual rate it's 2010 . it is the 11th day of the 11th month and with all...
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Nov 11, 2019
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a bbc investigation features on our website with british airways accused of putting profit before theher prices elsewhere. the financial times reports on the upcoming flotation of the saudi state oil firm aramco, saying the pre—launch prospectus is short on vital detail. the voice assistant alexa features on the front page of the daily telegraph, after its creator hinted to the newspaper that future versions may be able to see and move around your home. and today is remembrance day, 11 november — yesterday, of course, was remembrance sunday and many of the newspapers, like the daily mirror here, are showing pictures of commemorations led by the queen in london. with me is cornelia meyer who's ceo of mrl corporation, a business consultancy. in spain, a fourth election in as many years and this one it seems has not helped in delivering a government majority. it has not, and we are where we were before, in the uk we would say a hung parliament. the socialist only lost very marginally, they are at
a bbc investigation features on our website with british airways accused of putting profit before theher prices elsewhere. the financial times reports on the upcoming flotation of the saudi state oil firm aramco, saying the pre—launch prospectus is short on vital detail. the voice assistant alexa features on the front page of the daily telegraph, after its creator hinted to the newspaper that future versions may be able to see and move around your home. and today is remembrance day, 11...
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Nov 21, 2019
11/19
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british airways passengers on some flights are experiencing delays after what the airline described asssue. it's understood that this latest problem is affecting what been described as "a handful of flights" at this stage and passengers should check in as normal. the airline has suffered a number of technical issues with it's systems in the past few years, the most recent in august when around 500 flights were cancelled or delayed because of a systems failure. the leader of the liberal democrats in the uk has described brexit as a national embarrassment. launching her party's election manifesto, jo swinson said that remaining in the eu would free up fifty billion pounds to spend on public services. 0ther proposals include a frequent flyer tax and a renewables target of 80%. myanmar says the country's civilian leader, aung san suu kyi, will personally lead a legal team at the international court ofjustice next month to argue against accusations of genocide committed against the rohingya people. the case was filed last week by gambia on behalf of the organisation of islamic cooperation.
british airways passengers on some flights are experiencing delays after what the airline described asssue. it's understood that this latest problem is affecting what been described as "a handful of flights" at this stage and passengers should check in as normal. the airline has suffered a number of technical issues with it's systems in the past few years, the most recent in august when around 500 flights were cancelled or delayed because of a systems failure. the leader of the...
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Nov 19, 2019
11/19
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announcements did you buy air show or the first for boeing's troubled fleet since british airways owner iag said in june it would be buying two hundred of the max's. boeing hopes the planes will be cleared for flight by january although regulators havave yet to give te green light to software upgrades. arizozona didn't sayay how mucuch it would be paying safe kendall means the priceces aren't likely to be competitive. four four three. six. i like to sing for. separately authorities in the us has ruled that boeing should re visit the design of yet another of its models in april twenty eighteen woman died in an accident on seven thirty seven seven hundred plane after fan blade broke off the engine and pierced through the window. us national transportation safety board says the boeing should redesign the engine covers of that plane. to isolate and potential problems for millions of. meanwhile easyjet says it is officially carbon neutral the british budget carrier says it will be offsetting its own carbon footprint. essentially donating money to environmental projects like forest conservati
announcements did you buy air show or the first for boeing's troubled fleet since british airways owner iag said in june it would be buying two hundred of the max's. boeing hopes the planes will be cleared for flight by january although regulators havave yet to give te green light to software upgrades. arizozona didn't sayay how mucuch it would be paying safe kendall means the priceces aren't likely to be competitive. four four three. six. i like to sing for. separately authorities in the us...
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Nov 21, 2019
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british airways saying sorry for disruption, after a number of flights affected by a technical issue,mmodation where those people have not been able to continue journeys, they advise people to check the website for the latest. you're watching worklife. a reminder of our top story: a bbc survey has found that more than half of young british workers say that they would fake illness to avoid going to work. now let's turn to a subject that's harder to talk about than it ought to be, mental health. around one in four of us will suffer from issues surrounding our mental wellbeing at some point in our lives. and in the uk, mental health — which includes stress, depression and anxiety — is thought to be responsible for 91 million lost working days each year. it also costs employers up to around $40 billion annually. that's why tackling the disorder at work is now a priority for many businesses. spill was founded in the uk just a year ago, and it offeres a message—based therapy app to help improve workplace well—being. with me now is calvin benton, co—founder of spill. tell us about what you d
british airways saying sorry for disruption, after a number of flights affected by a technical issue,mmodation where those people have not been able to continue journeys, they advise people to check the website for the latest. you're watching worklife. a reminder of our top story: a bbc survey has found that more than half of young british workers say that they would fake illness to avoid going to work. now let's turn to a subject that's harder to talk about than it ought to be, mental health....
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Nov 4, 2019
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euros but it's already facing turbulence as i ag already own spanish carrier iberia as wewell as british airways. company hopes to use madrid as a major european hubs. and sat from one of fat france's biggest corpororations h has announced s next boss. andrereas will begin working with current ceo fifty two could offer one for a one year transition period. take over full time in twenty twenty one. giant which is part of the calculus stock extra index reported to twenty one billion euros with sales last year. finally can working less help youu work more. that's what one test program seems to indicate anyway microsoft japan test drove a whole day week for its employees and found the productivity had jumped forty percent. in the month of augustt it's's two thousand three hundrd employees d didn't work on fridays. the meetings were capped at thirty minutes productivity was measured in sales by employee the t tech giant is trying to promote healthier work life balance in the highly competitive japanese culture of course or this is a trenend that we're seeining arod the world. should there be a better
euros but it's already facing turbulence as i ag already own spanish carrier iberia as wewell as british airways. company hopes to use madrid as a major european hubs. and sat from one of fat france's biggest corpororations h has announced s next boss. andrereas will begin working with current ceo fifty two could offer one for a one year transition period. take over full time in twenty twenty one. giant which is part of the calculus stock extra index reported to twenty one billion euros with...
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Nov 30, 2019
11/19
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a former boss of british airways is interested in ticketing.panies like skype scanner, for examples of a wide choice of bears. looking at the realise it is quite the opposite. 0ne realise it is quite the opposite. one of the things he would like to see when this report comes out in the next parliament is a lot more innovation in the way that we buy tickets. so, you may be able to buy a ticket on a train that but also work on a bus, for example. if you are a season ticket holder but you we re are a season ticket holder but you were part—time, you could buy a part—time ticket. were part—time, you could buy a part-time ticket. these are all things that could be done. a certain amount of resistance from the rail industry, hasn't there, overthis? train operated companies did say they were going to shake up the system and make it easier. is there any evidence that that is change?” am afraid not and until the baby comes out very little is going to be able to change, actually the rail delivery group when they put up a statement this morning said they w
a former boss of british airways is interested in ticketing.panies like skype scanner, for examples of a wide choice of bears. looking at the realise it is quite the opposite. 0ne realise it is quite the opposite. one of the things he would like to see when this report comes out in the next parliament is a lot more innovation in the way that we buy tickets. so, you may be able to buy a ticket on a train that but also work on a bus, for example. if you are a season ticket holder but you we re...
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Nov 8, 2019
11/19
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industry also down 5.4% the airlines industry, iag has propertied a cut to its property forecast the british airways owner sees eps growth at 10% a year down from 12% last week, he expected global macroeconomic softness to continue while the company suffered from strikes which also hit the profit out looks iag trading but it has been a good run last three months up 20% also coming up, we'll cross live to brussels where eu finance ministers are looking to meet. more on that in a few moments. stay with us phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ rowithout the commission fees and account minimums. so, you can start investing today, wherever you are even hanging with your dog. ooh, like her. she's probably investing right now... taking
industry also down 5.4% the airlines industry, iag has propertied a cut to its property forecast the british airways owner sees eps growth at 10% a year down from 12% last week, he expected global macroeconomic softness to continue while the company suffered from strikes which also hit the profit out looks iag trading but it has been a good run last three months up 20% also coming up, we'll cross live to brussels where eu finance ministers are looking to meet. more on that in a few moments....
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Nov 4, 2019
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iag, owner of british airways and iberia, says it's agreed to buy spanish carrier air europa for $1.12tings its sights on the market in european travel to latin america. air europa operates domestic and international flights to 69 destinations. the spanish airline generated revenue of around $2.3 billion. consumer goods giant unilever has vowed to stop its brands running adverts on porn sites. it comes after its men's grooming range dollar shave club ran a campaign on a controversial pornogrophy site. unilever says it had not been aware of the campaign. sally mentioned this earlier. delhi is the most polluted capital city on the planet and the worst air pollution for years has forced authorities to restrict vehicles on the roads. this is a familiar scheme done all over the place that they are bringing it in in delhi. many schools have been closed, and people are being urged to stay indoors. live now to delhi and our correspondent salman ravi. i was talking to you earlier and you we re i was talking to you earlier and you were saying that you are struggling with this yourself. yes, actu
iag, owner of british airways and iberia, says it's agreed to buy spanish carrier air europa for $1.12tings its sights on the market in european travel to latin america. air europa operates domestic and international flights to 69 destinations. the spanish airline generated revenue of around $2.3 billion. consumer goods giant unilever has vowed to stop its brands running adverts on porn sites. it comes after its men's grooming range dollar shave club ran a campaign on a controversial...
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Nov 13, 2019
11/19
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if airlines like british airways , who are going to make an order for 200, and airlines like qantas sayis aircraft is safe, i think that gives credit ability back to the aircraft. guy: in terms of how it affects how the competition works, hugeh, presumably it is a negotiating position you find yourself in, that a large order for the boeing max will confirm its safety. how does the relationship work, therefore? you are any competition. you got the a320 here, the max here. how does it change the nature of the competition, that the max, they are so in need of big, sizable orders? if you place a big order, that is a big confirmation for the max. alan: i think qantas is regarded as one of, if not the safest airline in the world. we know whatever we order in aircraft, that is going to be a big thing. but it is also in our interest and in aviation's interest that we have competition between the manufacturers. we will only put an order in for the max if we believe that aircraft is safe and it doesn't have a problem. they have to go hand-in-hand for that to work. vonnie: quick question on how yo
if airlines like british airways , who are going to make an order for 200, and airlines like qantas sayis aircraft is safe, i think that gives credit ability back to the aircraft. guy: in terms of how it affects how the competition works, hugeh, presumably it is a negotiating position you find yourself in, that a large order for the boeing max will confirm its safety. how does the relationship work, therefore? you are any competition. you got the a320 here, the max here. how does it change the...
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Nov 21, 2019
11/19
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dozens of british airways flights into the uk have been delayed or cancelled after what the airline describede british airways flights were delayed by a technical a lot of talk about government borrowing for the future. borrowing was the highest for five years? since 2014. the national statistics say government following last month hit £11.2 billion, that is two point £3 billion more than this time last year and £3 billion more than this time last yearand a £3 billion more than this time last year and a 25% increase. much higher than economists were expecting. as you'd said, there is no sign this is abating. with all of the pledges we have been hearing, labour there ma nifesto have been hearing, labour there manifesto this morning, also in those numbers debt climbed by £34.1 billion, 80.4% of gross domestic product. earlier on this, i spoke to the head of investment analysis. for the head of investment analysis. for the month of october, as you say, this has risen to 11.2 billion, the highest in five years. normally there is a bit of a peak towards the end of the calendar year when it comes t
dozens of british airways flights into the uk have been delayed or cancelled after what the airline describede british airways flights were delayed by a technical a lot of talk about government borrowing for the future. borrowing was the highest for five years? since 2014. the national statistics say government following last month hit £11.2 billion, that is two point £3 billion more than this time last year and £3 billion more than this time last yearand a £3 billion more than this time...
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Nov 4, 2019
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the parent of british airways agreed to by a spanish carrier for $1.1 billion. further access to the spanish market. the company also owns two other spanish airlines. the deal will help iag reestablish itself as a leader in the europe to latin america market. that is your bloomberg business flash. alix: time for bottom line. we'll take a look at three companies worth watching. first we are joined by snarly basset -- we are joined by sonali basak. under armour is down 14% premarket. over the weekend, the wall street journal reported federal authorities are examining the revenue recognition practices at under armour and whether they had shifted sales to make the numbers look better than they are. also remember the company said today that the full-year revenue not be where they wanted it to be. so far the company says it is cooperating with the doj and it does not believe it has done anything wrong. elsewhere, you have the ceo stepping down after almost two decades at the helm. thank you so much. now we are looking at ryan air. brooke: ryanair is one of the biggest
the parent of british airways agreed to by a spanish carrier for $1.1 billion. further access to the spanish market. the company also owns two other spanish airlines. the deal will help iag reestablish itself as a leader in the europe to latin america market. that is your bloomberg business flash. alix: time for bottom line. we'll take a look at three companies worth watching. first we are joined by snarly basset -- we are joined by sonali basak. under armour is down 14% premarket. over the...
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Nov 21, 2019
11/19
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dozens of british airways flights into the uk have been delayed or cancelled after what the airline has up as delayed. two in five adults would fake a sick day if they needed a day off — that's according to a new com res survey for the bbc. the most usual reasons for calling off work in 2018 were the common cold, issues like back pain, mental health conditions and "other" problems. the average worker takes around four sick days a year. let's return now to our top story. uk government borrowing in october rose to its highest level in five years. that's according to the latest figures from the 0ns. public sector borrowing in october was £11.2 billion, £2.3 billion more than in october 2018. that's a 25% increase, and total uk public sector debt stood at £1,798 billion. that's 80.4% of gross domestic product. and both the conservative party and the opposition labour party have promised big increases in spending on health, schools, police and infrastructure ahead of a general election on december 12th. joining us now is emma wall, head of investment analysis, at hargreaves la nsdown. how di
dozens of british airways flights into the uk have been delayed or cancelled after what the airline has up as delayed. two in five adults would fake a sick day if they needed a day off — that's according to a new com res survey for the bbc. the most usual reasons for calling off work in 2018 were the common cold, issues like back pain, mental health conditions and "other" problems. the average worker takes around four sick days a year. let's return now to our top story. uk...
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Nov 11, 2019
11/19
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a british airways whistle—blower has revealed an industrywide practice that adds weight to flights.ered at the airline's play is generated an extra 18,000 tonnes of carbon dioxide last year through that particular practice. ba says it is common to carry extra fuel for operational, safety and price reasons. and the world was my biggest online shopping event is under way in china. alibaba is expecting the shopping frenzy to break records. last year the event brought in over $30 billion. that puts black friday in the shed. let's look at the markets to see how they reacted to the figures. the ftse 100 reacted to the figures. the ftse100 pretty much as expected. really not what surprises from these particular figures. we will keep a close eye on what is going on a double business newsletter. thank you. ajudge in malaysia has ruled that a huge corruption case against the former prime minister, najib razak, should proceed to the next stage. the trial is linked to a multi—billion dollar scandal involving the state investment fund, 1mdb. mr najib has pleaded not guilty to charges including m
a british airways whistle—blower has revealed an industrywide practice that adds weight to flights.ered at the airline's play is generated an extra 18,000 tonnes of carbon dioxide last year through that particular practice. ba says it is common to carry extra fuel for operational, safety and price reasons. and the world was my biggest online shopping event is under way in china. alibaba is expecting the shopping frenzy to break records. last year the event brought in over $30 billion. that...
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Nov 4, 2019
11/19
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BLOOMBERG
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reddish airways -- british will give the deal iag further access into the spanish market.l also reestablish itself as a leader in europe and latin america. in the u.s., united auto worker president gary jones is taking a leave of absence. reports he is involved in a years long corruption scandal has surfaced. jones says he does not want to do anything that distracts from the mission. thatd uaw negotiations ended the strike against general motors. that is your latest bloomberg business flash. guy: coming up, it is mckie versus quinn. the global battle of the charts. that is next. this is bloomberg. ♪ guy: global battle of the charts time. you know you can find these on your bloomberg. gtv is the function. michael mckee will kick things off. michael: one of the great victories of the labor market -- one of the great mysteries of the labor market has solve itself. great news for those wondering if the labor market is running out of steam. for years labor market participation falling. that is not unusual because a lot of baby boomers are retiring. the white line is partic
reddish airways -- british will give the deal iag further access into the spanish market.l also reestablish itself as a leader in europe and latin america. in the u.s., united auto worker president gary jones is taking a leave of absence. reports he is involved in a years long corruption scandal has surfaced. jones says he does not want to do anything that distracts from the mission. thatd uaw negotiations ended the strike against general motors. that is your latest bloomberg business flash....