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FiberCop goes live as Italy strives to close digital divide

3 Min Read
MILAN, April 1 (Reuters) - FiberCop, created to manage Telecom Italia’s (TIM) ‘last mile’ grid and open it up to other operators, became fully operational on Thursday, as the country’s biggest phone group leads efforts to close a digital divide with the rest of Europe.
In 2019, Italy ranked 24 out of 28 European Union member states in its take-up of ultrafast internet of at least 100 megabytes, the Digital Economy and Society Index (DESI) found.
FiberCop, into which TIM transferred its copper last mile network connecting street cabinets to people’s homes and also the fiber assets from a joint venture with Fastweb, is meant to help facilitate a switch to fast fibre connectivity.

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U.S. agency criticizes Hong Kong air carrier quarantine rules

3 Min Read
WASHINGTON (Reuters) - The U.S. government warned it could limit flights by Hong Kong-based carriers that got a leg up on U.S. rivals after the Asian financial hub imposed quarantine rules that forced U.S. cargo carrier FedEx Corp to move some crews to San Francisco.
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The U.S. Transportation Department (USDOT) issued an order on Tuesday requiring Hong Kong-based Cathay Pacific Airways Limited to file flight schedules for all U.S. flights within seven days to determine if any are “contrary to applicable law or adversely affect the public interest”.
The USDOT order was issued in reaction to rules issued by Hong Kong in January requiring locally based air crews to quarantine when returning there from international locations, but exempted flights between Hong Kong and Anchorage, Alaska’s biggest city.

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AerCap-GECAS deal may hurt aircraft market competition - IATA

By Reuters Staff
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PARIS (Reuters) - Aircraft leasing giant AerCap’s acquisition of rival GECAS will reduce competition in the aircraft market, the head of global airline industry body IATA warned on Wednesday.
“We understand that the situation of the leasing companies is difficult,” IATA Director General Alexandre de Juniac told Reuters. “But combining the two to have a big player (in) a very dominant situation is not good news for us.”
The world’s two largest aircraft lessors announced plans last week to combine, with Ireland’s AerCap agreeing to pay more than $30 billion for GECAS, the air finance business of General Electric.

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AerCap-GECAS tie-up is 'bad news' for airlines, says IATA chief

By Reuters Staff
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PARIS (Reuters) - Aircraft leasing giant AerCap’s acquisition of rival GECAS will reduce competition in the aircraft market, the head of global airline industry body IATA warned on Wednesday.
“We understand that the situation of the leasing companies is difficult,” IATA Director General Alexandre de Juniac told Reuters. “But combining the two to have a big player (in) a very dominant situation is not good news for us.”
The world’s two largest aircraft lessors announced plans last week to combine, with Ireland’s AerCap agreeing to pay more than $30 billion for GECAS, the air finance business of General Electric.

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Breakingviews - Capital Calls: Japan Post pens Rakuten love letter

Concise insights on global finance in the Covid-19 era.

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Lawmaker demands U.S. Postal Service turn over vehicle contract

The chairwoman of the House Oversight and Reform Committee on Friday demanded the U.S. Postal Service (USPS) release a contract it awarded to Oshkosh Corp that could be worth $6 billion to build up to 165,000 next-generation delivery vehicles.

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U.S. airport passengers hit highest level since March 2020

The Transportation Security Administration said it screened 1.357 million U.S. airport passengers on Friday, the highest number screened since March 15, 2020 as air travel begins to rebound from a pandemic-related drop.

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USPS needs $8 billion for big boost in EV delivery fleet: letter

U.S. Postmaster General Louis DeJoy told lawmakers the Postal Service needs about $8 billion to electrify its forthcoming delivery vehicles fleet to the "maximum extent" operationally feasible.

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Exclusive: Airbus targets Boeing's freight fortress with potential A350 cargo jet - sources

Airbus is canvassing airline support for a potential freighter version of its A350 passenger jet, targeting a key stronghold of U.S. rival Boeing as e-commerce lifts demand for transported goods, people familiar with the matter told Reuters.

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Rakuten to sell 8% stake to Japan Post in Amazon battle

2 Min Read
TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc.
FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey
Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan’s cash-rich telcos with its own mobile network.
“Rakuten is the best partner for us, as it has advanced digital technology,” Japan Post Holdings Chief Executive Hiroya Masuda told a news conference.

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