Bloomberg Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales and get a jump on competitors that have pared back operations. Airlines worldwide cut $1 billion of expenses a day last year to cope with the slump in passengers, and that’s given them some ...

Bloomberg Virgin Atlantic Airways Ltd. is set to raise 160 million pounds ($223 million), as part of a financing package to sustain the carrier ahead of the expected reopening of international travel in the coming months. Richard Branson’s Virgin Group is set to provide the bulk of the funds, putting up about 100 million pounds. Another 60 million pounds will ...

Bloomberg British Airways called on Prime Minister Boris Johnson’s government to set a firm plan for resuming international flights, including timelines and conditions the airline can use to plan ahead for summer season. IAG SA’s flagship airline is seeing a “great demand to travel and a real desire to allow British people to travel,” said Sean Doyle, BA’s chief executive ...

Bloomberg Shoprite Holdings Ltd. switched its focus firmly towards taking market share in its home market of South Africa, after opting to withdraw from Nigeria and Kenya and move more cautiously in Angola. The more guarded approach comes after the continent’s biggest supermarket chain struggled with supply disruptions and getting money out of some countries. The company is seeking to ...

Bloomberg European stocks opened higher as investors looked past turmoil in vaccine rollouts towards the prospects for economic recovery in the region. The Stoxx 600 Index rose 0.4%, with virtually all sectors in the green, including travel and leisure shares which have erased their pandemic losses. Germany, France and Italy decided in a coordinated step to suspend the AstraZeneca Plc ...

Bloomberg China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange (NYSE) under a Donald Trump-era investment ban, according to people familiar with the matter. The state-owned firm has discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, said ...

Dubai / WAM Dubai Land Department (DLD) has released the findings of its real estate bulletin, which reflected the flexibility of Dubai’s real estate sector since the beginning of 2021 and its adaptation to current circumstances related to the outbreak of Covid-19. According to real estate bulletin, titled, ‘Real Estate Updates,’ 3,036 new investors entered the market in January and ...

Bloomberg Eskom Holdings SOC Ltd., which supplies almost all of South Africa’s power, said it’s undertaking long-overdue repairs at its facilities amid a high risk of nationwide outages, and it expects supply to improve later this year. The debt-stricken state utility has implemented electricity rationing — known locally as load-shedding — on 19 days so far this year after record ...

Bloomberg China’s home prices grew at the fastest pace in six months in February, as a lower supply of projects during a holiday season added to a fear of missing out among buyers. New home prices in 70 major cities, excluding state-subsidised housing, rise 0.36% last month from January, when they gained 0.28%, National Bureau of Statistics figures showed on ...

Bloomberg Singapore home sales fall in February after speculation about property curbs dampened buyer appetite. Purchases of new private apartments fall 60% to 645 last month, Urban Redevelopment Authority data showed on Monday. That compares with 1,632 in January, which exceeded a two-year high. Singapore’s property market rallied even amid the pandemic, seeing a spike among private apartments, shophouses and ...