For five months, Copa Airlines barely flew, operating a smattering of humanitarian and cargo flights. Panama's national government demanded it, barring any airline from flying international flights. Copa, which has just one domestic route, is back in business, but only in a small way. Thanks to Panama Government Executive Decree No. 300, Copa is launching […]...
(Bloomberg) -- Billionaire Jack Ma’s Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about $225 billion, people familiar with the matter said, in an effort to pull off the world’s largest initial public offering.The share sales could raise about $30 billion in total if markets are favorable, said one of the people, requesting not to be named because the matter is private. The Hangzhou-based firm seeks to float its shares simultaneously on the Hong Kong stock exchange and the tech-focused Star board in Shanghai as soon as October, the people said.Ant, which made about $1.3 billion in profit in the March quarter, is Alibaba Group Holding Ltd. founder Ma’s prized asset. It’s morphed from a fintech platform to an online mall for everything from loans and travel services to food delivery, in a bid to win back...
Tesla Inc (NASDAQ: TSLA) asked the Federal Communications Commission for approval of a motion-sensing device that could prevent children from being left inside hot vehicles, Reuters reported Thursday.What Happened The automaker's short-range interactive motion-sensing device uses unlicensed millimeter-wave sensors, which work at higher power levels than currently allowed, according to Reuters.The Elon Musk-led company claims that the device based on radar technology has advantages over other systems including camera-based ones as it can perceive depth.The system can "differentiate between a child and an object left on the seat, reducing the likelihood of false alarms," Tesla stated. The company says the device can also detect micromovements like breathing patterns and heart rates.Additionally, radar imaging can supposedly assess body size to optimize airbag deployment in the event of a crash.Why It Matters 52 children died as a result of being left in hot cars in 2019, while 18 have died so far this...
Spot gold was up 0.2% at $1,945.45 per ounce by 0236 GMT. U.S. gold futures rose 0.4% to $1,953.80. "A deterioration in U.S. labour market data, falling bond yields and continued geopolitical tensions continue to support gold," said National Australia Bank economist John Sharma....
