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US LNG exports top rivals for first time on shale revolution

  Bloomberg The US was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December due largely to a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by …

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US cancellations top 2,800 as Covid, snow pummel airlines

  Bloomberg Thousands of US flight cancellations cascaded into the first workday of the new year as ongoing Covid-19 issues among airline workers were compounded by winter storms hitting the northeast. More than 2,830 flights were canceled as of 2 p.m. New York time on Monday, according to data tracker FlightAware.com, the highest daily total in more than a month. …

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Aviation trade groups ask White House to break 5G standoff

  Bloomberg Aviation trade groups have asked the White House to intervene in the standoff between airlines and telecommunications companies over a planned expansion of 5G service. “We respectfully call on President Biden to intervene and delay the full implementation of C-band 5G until proper risk assessments have taken place and crewmembers are fully briefed as to the extent of …

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UK airlines surge on virus data as London traders catch up

  Bloomberg UK airline stocks surged as London traders played catch-up following Monday’s holiday while digesting data suggesting a milder impact from Omicron than prior Covid-19 variants. British Airways owner IAG SA soared as much as 11%, the most in more than three months, with short-haul peer Wizz Air Holdings Plc also gaining 11% as it reported a jump in …

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Supermarkets shelves bare in Sydney as Covid isolates staff

  Bloomberg Sydneysiders are facing empty shelves at some supermarkets as exploding coronavirus cases force a range of staff from truck drivers to warehouse workers into isolation. Woolworths Group Ltd., Australia’s biggest supermarket operator, said some store deliveries are being delayed, while rival Coles Group Ltd. said growing numbers of staff are isolating because of household exposure to the virus. …

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Amazon denies pulling Kindle from China

  Bloomberg Amazon.com Inc brushed off media speculation that it was suspending sales of its Kindle e-reader in China, after some of its signature product’s models went out of stock on Chinese platforms. “We remain committed to our customers in China,” a company spokesperson said in a statement. “Customers can continue to purchase Kindle e-readers from offline and third-party online …

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JPMorgan, Citi, BofA employees begin 2022 working from home

  Bloomberg JPMorgan Chase & Co, one of Wall Street’s staunchest advocates of returning to Manhattan skyscrapers, is offering employees the option of working from home in the opening weeks of 2022, and Citigroup Inc (Citi) and Bank of America Corp (BofA) are encouraging staff to log on remotely, as more financial firms grapple with the latest surge in Covid-19 …

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Santander mistakenly hands out $1750m in Christmas blunder

  Bloomberg Banco Santander SA is racing to retrieve 130 million pounds ($175 million) paid out to thousands of British customers in a Christmas Day slip-up. Spain’s biggest lender accidentally made a second payment on December 25 to about 75,000 people and firms who had been due for one-off or programed payments from 2,000 businesses with accounts at its UK …

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SNB spent $3.1bn francs on interventions in Q3

  Bloomberg The Swiss National Bank (SNB) bought foreign exchange worth 2.8 billion francs ($3.1 billion) in the third quarter just before the franc began a sharper appreciation against the euro. The franc broke through a key level of 1.04 per euro and continued to strengthen towards 1.03 during final days of 2021. That might challenge the central bank’s description …

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