Bloomberg The Nordic region’s pace-setting push into green transport is set to extend from cars to the air-travel market. Iceland this month signalled plans to move towards carbon-free domestic flights by the end of the decade, while Sweden’s Heart Aerospace aims to deliver an electric plane specifically designed to ply routes linking remote Scandinavian settlements within six years. Coordinating the …

Bloomberg British Airways will work with hydrogen plane startup ZeroAvia to speed the switch to hydrogen power for commercial aircraft. The partnership was announced, as the head of parent IAG SA prepared to outline the group’s plan to reach net-zero emissions at a United Nations climate summit. The legacy airline will work with the startup, which has already demonstrated a …

Bloomberg Nestle’s organic sales should grow this year on average at roughly the same pace as last year, according to Chief Executive Officer Mark Schneider. The world’s largest food maker generates some 90% of its revenue from in-home consumption, which has benefited from lockdown and social-distancing measures, Schneider said on Swiss television program Bilanz Standpunkte on SRF 1. On the …

Bloomberg China’s antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent Holdings Ltd unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signalling Beijing’s intention to tighten oversight of internet sector deals. The State Administration for Market Regulation said it’s reviewing the combination of DouYu International Holdings Ltd with Huya Inc, which could …

Bloomberg Lululemon Athletica Inc — whose founder once body-shamed women on live television — is finding that offering larger sizes can pay off. Sales of women’s garments rose 22% last quarter, reaching pre-pandemic growth levels, the company said on a call with investors after reporting third-quarter results that beat estimates. Executives didn’t specifically attribute the surge to the more inclusive …

Bloomberg The board of Rolls-Royce Holdings Plc has begun the process of identifying a successor to Chairman Ian Davis, Sky News reported. The search is at a very early stage and an appointment is unlikely to be announced until well into next year, it said, without revealing where it got the information. Davis joined the British jet-engine maker in 2013. …

Bloomberg The surge in UK property prices will persist into next year as housing needs outweigh economic uncertainty, according to Rightmove. It predicts asking prices will climb 4% in 2021 as this year’s unprecedented demand spills into the coming months. Currently there is a logjam of 650,000 properties in the market, with prices up 6.6% compared to this time last …

Bloomberg Stocks started off the week on a bullish note as investors took comfort from further stimulus bill negotiations and the impending deployment of the first vaccine in the US S&P 500 futures gained about 0.6%, with the first deliveries of the Pfizer Inc-BioNTech SE vaccine in the US due to arrive on Monday. A bipartisan group of lawmakers is …

Bloomberg India’s smaller stocks are beating their larger peers for the first time in three years, and some strategists say that outperformance will likely continue at least through next year. The Nifty Midcap 100 Index has climbed 20% this year, and the Nifty Smallcap 100 Index has advanced 17%, outpacing the 11% gain in the large-cap NSE Nifty 50 Index. …

Bloomberg South Africa’s main stock index erased a retreat of as much as 0.4% to be 0.1% higher as of 9:36 am in Johannesburg, with the extension of a Brexit deadline, progress on vaccine deployment and US stimulus talks supporting investor appetite for riskier assets. Bank stocks were higher, benefiting as the rand gained due to the favorable risk sentiment. …