Weekly Review, July 01 2024
Fortis’ News of the Week:
For the second year in a row, New York City has claimed the title of world’s most congested urban area. It’s estimated to incur $9.1B in lost time.
Target drops its threshold for stopping shoplifters from $100 to $50 as theft has affected profit margins at nearly 2,000 US stores.
The EU has charged Microsoft for bundling Teams with Office, which breaks competition law. Did the EU wait too long to press charges though?
Moody’s analytics team predicts that there will be a permanent reduction of 15%-20% in office space due to WFH and hybrid working models.
As part of their efforts to tighten up on safety, Boeing has agreed to buy Spirit Aerosystems - one of its major suppliers and manufacturing partners.