Bloomberg One reason the first Covid-19 crash was so brutal back in March 2020 was all the froth that built up in markets before the virus landed. While there are differences for traders navigating the latest scare, a lot is the same, too. Chief among the similarities is a prevailing sense of comfort that investors found in solid economic data, …

Bloomberg Latam Airlines Group SA has reached a deal with key stakeholders that paves the way for the Chilean carrier to slash debt and exit bankruptcy under new ownership. Latin America’s largest airline plans to raise around $5 billion by issuing shares and convertible notes to current stockholders and creditors as it exits Chapter 11 bankruptcy, according to court papers. …

Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected …

Bloomberg Samsung Electronics Co has decided to build an advanced US chip plant in Texas, a win for the Biden administration as it prioritises supply chain security and greater semiconductor capacity on American soil. South Korea’s largest company has decided on the city of Taylor, roughly 30 miles from its existing giant manufacturing hub in Austin, a person familiar with …

Bloomberg Xiaomi Corp. recorded its slowest pace of quarterly sales growth since early 2020 after supply chain mayhem choked off the flow of vital components and rivals like Apple Inc eroded its market share. Shares in China’s largest smartphone maker slid more than 5% in Hong Kong to their lowest since September 2020, reflecting lingering concern about a global chip …

Bloomberg The self-driving company founded by Russian technology giant Yandex NV said its new generation of vehicles will rely on sensors developed in-house to better see the road in the country’s often harsh driving conditions. A software-defined lidar system capable of seeing 500 meters (547 yards) away and operating in frigid weather will be the main sensor on new cars …

Bloomberg Dell Technologies Inc posted revenue that beat Wall Street estimates, powered by corporate and consumer spending on personal computers, which both reached company records in the fiscal third quarter. Sales in the period ended October 29 rise 21% to $28.4 billion, the Round Rock, Texas-based company said in a statement. That compares with analysts’ average estimate of $26.8 billion, …

Bloomberg Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros for the first time ever as utilities turn to the dirtiest of fossil fuels. Power plants in the UK are burning the most coal since the beginning of the …

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said steps aimed at containing spiraling coronavirus infection rates in Europe are putting the region’s travel rebound at risk. Measures including a return to lockdown conditions in Austria mean airlines face a “fraught” period through Christmas as they wait to see whether a resurgence in demand will be strangled off, O’Leary …

Bloomberg SpiceJet Ltd is reducing liabilities and considering raising capital after the damage caused by Covid-19, and has agreed compensation from Boeing Co for the grounding of 737 Max jets, Chairman Ajay Singh said. The budget carrier, which suffered as Covid halted air travel in India, aims to cut liabilities by as much as $300 million over six months and …