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Battered Airlines Owed Billions as Governments Withhold Cash

(Bloomberg) -- Airlines are owed almost $1 billion across 20 countries as governments seek to hang on to hard currency, depriving the industry of vital cash at a time when travel has been devastated by the coronavirus crisis.

Beirut , Beyrouth , Lebanon , Angola , Bangladesh , Nigeria , Zimbabwe , Venezuela , Willie-walsh , International-air-transport-association , Bloomberg-airlines , General-willie-walsh

GM Mexico Plant Rejects Union in Historic Vote Sought by U.S.

(Bloomberg) -- Workers at a General Motors Co. truck plant in Mexico voted to cancel their union contract after the U.S. initiated a dispute against conditions at the factory, a historic victory for the North American free trade agreement.

Mexico-city , Distrito-federal , Mexico , United-states , Canada , America , American , Katherine-tai , Generando-movimiento , Andres-manuel-lopez-obrador , Sergio-contreras-ortega , Representatives-for-mexico-labor-ministry

Coach Owner Is Stockpiling Handbags to Prepare for Holidays

(Bloomberg) -- The owner of the Coach and Kate Spade brands is stockpiling its handbags and other accessories ahead of the holiday season to ensure it can meet consumer demand amid ongoing delays in the delivery of products from suppliers.

China , New-york , United-states , Vietnam , Republic-of , America , Joanne-crevoiserat , Stuart-weitzman , Scott-roe , Kate-spade , Todd-kahn , Bloomberg

He Built an $8.9 Billion Fortune. Then the Controversies Began.

(Bloomberg) -- Bom Kim amassed a fortune at Coupang Inc., the Amazon of South Korea, that reached as much as $8.

South-korea , China , Delaware , United-states , New-york , Seoul , Soult-ukpyolsi , Icheon , Kyonggi-do , America , Chinese , South-korean

Google Thought of Buying Tencent's Epic Stake in Swipe at Fortnite, Says Game Maker

(Bloomberg) -- Epic Games Inc. says Google went as far as to explore buying Tencent Holdings’ stake in the game maker to stop it from launching its Fortnite game app on Android by bypassing the Google Play store.

Epic’s year-old lawsuit against the Alphabet Inc.

California , United-states , Bloomberg-epic-games-inc , Google , Epic-games-inc , Us-district-court , Samsung-electronics , Apple-inc , Alphabet-inc , Tencent-holding , Google-play

Chip Crisis Threatens to Cut Auto Output by 7.1 Million Cars

(Bloomberg) -- The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry well into next year, IHS Markit said.

India , Bloomberg-quint , Bloomberg , Quintillion-media , Alltop , Business , Cos , Northam , Top , Us , Wwtop , World

Is in-housing the answer to creating a great customer experience?

Just like 'new normal', 'pivot' and 'WFH' were part of the corporate lingo of 2020, the phrase 'in-house' will likely soon be rolling off our tongues as big corporates opt to bring their marketing and advertising functions in-house.

Rome , Lazio , Italy , Advertising , Business , Cons , Hoorah-digital , In-house , Marketing , Media-business , Pros

A $13 Billion Sneaker Fortune Started on a Pig Farm in Taiwan

(Bloomberg) -- When Zhang Congyuan started his sneaker business more than three decades ago, he couldn’t afford a regular factory, so he converted a pig farm next to paddy fields in western Taiwan.

Taiwan , Zhongshan , Anhui , China , Shanghai , Huali , Jiangxi , Hong-kong , Shenzhen , Guangdong , Dominican-republic , Liangxing

India Quietly Readies an Amazon Slayer — Open E-Commerce

Even as Amazon.com Inc. and Walmart Inc.’s Flipkart, weigh draft e-commerce rules that seek to restrict online marketplaces — not just theirs, but also the planned super-app by India’s Tata Group — a new existential threat lurks around the corner: a state-sponsored open network for digital commerce. Commerce Minister Piyush Goyal has set up a committee to “democratize digital commerce” and “provide alternatives to proprietary e-commerce sites,” according to a ministry press release.

China , Beijing , United-states , India , New-delhi , Delhi , America , American , Narayana-murthy , Mukesh-ambani , Lina-khan , Piyush-goyal

Hong Kong's Quarantine Flip-Flop Creates Chaos for Travelers

(Bloomberg) -- Within 30 minutes of Hong Kong reversing its seven-day quarantine policy, Ovolo Hotels’ switchboard was swamped with calls. The operator of two facilities in the city’s mandatory quarantine program also got more than 850 emails, as frantic travelers sought to adjust their bookings.

Australia , New-zealand , Hong-kong , University-of-hong-kong , Hong-kong-general- , Singapore , Beijing , China , France , Spain , Chinese , Sonesh-mool